Capri Holdings Limited (NYSE:CPRI) Short Interest Up 10.9% in December

Capri Holdings Limited (NYSE:CPRI) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 10,110,000 shares, an increase of 10.9% from the December 15th total of 9,120,000 shares. Currently, 8.8% of the shares of the company are sold short. Based on an average daily volume of 4,980,000 shares, the short-interest ratio is presently 2.0 days.

Capri Price Performance

CPRI stock traded up $0.02 during mid-day trading on Monday, reaching $23.80. The company’s stock had a trading volume of 2,829,249 shares, compared to its average volume of 2,512,645. The stock 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. The company’s 50 day moving average is $21.68 and its two-hundred day moving average is $30.20. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $50.79. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

Hedge Funds Weigh In On Capri

Institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new position in Capri in the third quarter valued at approximately $42,000. Quarry LP purchased a new stake in Capri in the third quarter valued at approximately $53,000. KBC Group NV lifted its stake in Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares in the last quarter. CWM LLC boosted its position in shares of Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after buying an additional 660 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CPRI shares. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Wells Fargo & Company upgraded Capri from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, November 26th. Finally, Barclays reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of Capri in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus price target of $27.55.

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.