Capri Holdings Limited (NYSE:CPRI) Sees Large Increase in Short Interest

Capri Holdings Limited (NYSE:CPRI - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 10,230,000 shares, an increase of 31.3% from the February 28th total of 7,790,000 shares. Based on an average trading volume of 3,450,000 shares, the short-interest ratio is currently 3.0 days. Currently, 8.9% of the shares of the company are short sold.

Capri Price Performance

CPRI traded down $0.18 during trading on Friday, hitting $14.81. 10,365,430 shares of the stock traded hands, compared to its average volume of 2,945,316. The business has a 50 day moving average price of $21.70 and a 200 day moving average price of $25.61. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -1.74, a PEG ratio of 7.80 and a beta of 1.77. Capri has a twelve month low of $13.18 and a twelve month high of $45.49. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 EPS. Equities research analysts forecast that Capri will post 0.98 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Capri by 249.4% during the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after purchasing an additional 7,129,123 shares during the period. Pacer Advisors Inc. grew its position in shares of Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after buying an additional 3,885,732 shares during the last quarter. Norges Bank bought a new stake in shares of Capri in the 4th quarter valued at about $58,070,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Capri in the fourth quarter valued at about $48,953,000. Finally, Junto Capital Management LP bought a new position in shares of Capri during the fourth quarter worth about $26,112,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Bank of America began coverage on shares of Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Barclays reduced their price target on Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $25.00 to $31.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Guggenheim reissued a "buy" rating and issued a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.92.

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.