Capri Holdings Limited (NYSE:CPRI) Sees Significant Growth in Short Interest

Capri Holdings Limited (NYSE:CPRI - Get Free Report) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 10,110,000 shares, a growth of 10.9% from the December 15th total of 9,120,000 shares. Based on an average trading volume of 4,980,000 shares, the short-interest ratio is presently 2.0 days. Approximately 8.8% of the shares of the stock are sold short.

Capri Stock Up 0.1 %

NYSE:CPRI traded up $0.02 on Monday, hitting $23.80. The stock had a trading volume of 2,829,249 shares, compared to its average volume of 2,512,645. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri has a 52 week low of $18.70 and a 52 week high of $50.79. The business's fifty day moving average is $21.68 and its 200 day moving average is $30.20. The company has a market cap of $2.81 billion, a PE ratio of -7.78, a P/E/G ratio of 5.01 and a beta of 2.06.

Institutional Trading of Capri

Hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new stake in Capri in the 3rd quarter valued at $42,000. Quarry LP purchased a new stake in shares of Capri in the third quarter valued at about $53,000. KBC Group NV lifted its position in shares of Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company's stock valued at $130,000 after purchasing an additional 652 shares in the last quarter. CWM LLC boosted its holdings in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company's stock worth $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after purchasing an additional 533 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Guggenheim upgraded shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Tuesday, November 26th. Citigroup raised Capri from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $21.00 to $29.00 in a report on Friday, January 10th. JPMorgan Chase & Co. increased their price target on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Wells Fargo & Company raised Capri from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $20.00 to $28.00 in a research note on Friday, January 10th. Finally, Robert W. Baird lowered their price target on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Capri currently has a consensus rating of "Hold" and a consensus price target of $27.55.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.