Capri Holdings Limited (NYSE:CPRI) Short Interest Up 10.1% in July

Capri Holdings Limited (NYSE:CPRI) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 7,980,000 shares, a growth of 10.1% from the June 30th total of 7,250,000 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is currently 6.0 days.

Institutional Trading of Capri

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Capri by 26.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 48,524 shares of the company’s stock worth $2,438,000 after buying an additional 10,029 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Capri by 30.2% during the fourth quarter. Pacer Advisors Inc. now owns 17,463 shares of the company’s stock worth $877,000 after purchasing an additional 4,051 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Capri by 273.7% during the fourth quarter. State of Alaska Department of Revenue now owns 51,554 shares of the company’s stock valued at $2,589,000 after purchasing an additional 37,760 shares during the period. U S Global Investors Inc. acquired a new position in Capri during the fourth quarter valued at $75,000. Finally, GAM Holding AG boosted its holdings in Capri by 21.2% in the fourth quarter. GAM Holding AG now owns 12,000 shares of the company’s stock valued at $603,000 after purchasing an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 0.2 %

CPRI stock traded down $0.06 during trading on Tuesday, hitting $33.64. The company had a trading volume of 16,926 shares, compared to its average volume of 1,252,349. The firm has a market capitalization of $3.92 billion, a P/E ratio of -17.12, a PEG ratio of 3.42 and a beta of 2.01. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. Capri has a 52-week low of $30.79 and a 52-week high of $54.52. The company has a 50 day simple moving average of $33.56 and a 200-day simple moving average of $40.18.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.30). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.29 billion. Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. Capri’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. As a group, research analysts forecast that Capri will post 3.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPRI has been the subject of a number of analyst reports. StockNews.com assumed coverage on Capri in a research report on Saturday, April 13th. They issued a “hold” rating for the company. OTR Global reiterated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and decreased their price target for the company from $56.00 to $41.00 in a research report on Monday, June 17th. Telsey Advisory Group restated a “market perform” rating and set a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. Finally, Wells Fargo & Company raised Capri from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $57.00 to $43.00 in a research note on Tuesday, June 25th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Capri presently has an average rating of “Hold” and an average target price of $47.75.

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.