Capri Holdings Limited (NYSE:CPRI) Short Interest Down 32.0% in January

Capri Holdings Limited (NYSE:CPRI - Get Free Report) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 6,290,000 shares, a drop of 32.0% from the January 15th total of 9,250,000 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily volume of 4,030,000 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp bought a new position in shares of Capri during the second quarter valued at approximately $429,000. CWM LLC boosted its holdings in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company's stock valued at $132,000 after acquiring an additional 660 shares during the period. Exchange Traded Concepts LLC grew its position in Capri by 13,982.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,124 shares of the company's stock valued at $897,000 after acquiring an additional 20,974 shares during the last quarter. Creative Planning increased its stake in Capri by 18.0% in the third quarter. Creative Planning now owns 21,061 shares of the company's stock worth $894,000 after purchasing an additional 3,214 shares during the period. Finally, Avaii Wealth Management LLC bought a new stake in shares of Capri during the third quarter worth $290,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Guggenheim reissued a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Wells Fargo & Company upped their target price on shares of Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Barclays reduced their price target on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Robert W. Baird dropped their price objective 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. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $25.92.

Capri Trading Down 4.2 %

Shares of NYSE:CPRI traded down $0.94 during trading on Tuesday, hitting $21.52. The company had a trading volume of 3,136,405 shares, compared to its average volume of 3,246,761. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -2.52, a price-to-earnings-growth ratio of 4.97 and a beta of 2.06. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.38. The company has a fifty day simple moving average of $22.57 and a two-hundred day simple moving average of $28.66. Capri has a one year low of $18.70 and a one year high of $47.29.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the prior year, the company earned $1.20 earnings per share. As a group, equities analysts forecast that Capri will post 1.51 earnings per share for the current year.

Capri Company Profile

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.