Capri Holdings Limited (NYSE:CPRI) Short Interest Up 7.4% in November

Capri Holdings Limited (NYSE:CPRI) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 9,480,000 shares, a growth of 7.4% from the November 15th total of 8,830,000 shares. Currently, 8.2% of the shares of the company are short sold. Based on an average daily volume of 4,600,000 shares, the days-to-cover ratio is presently 2.1 days.

Analysts Set New Price Targets

CPRI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, September 13th. TD Cowen decreased their price target on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company decreased their target price on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its holdings in Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares during the period. FMR LLC grew its holdings in Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares during the period. Geode Capital Management LLC increased its position in Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after purchasing an additional 41,009 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Capri by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after purchasing an additional 68,081 shares during the period. Finally, Baupost Group LLC MA acquired a new position in shares of Capri in the 2nd quarter valued at $33,080,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Price Performance

NYSE:CPRI traded up $0.06 during mid-day trading on Tuesday, hitting $22.21. 2,986,088 shares of the company’s stock traded hands, compared to its average volume of 2,231,077. Capri has a 1 year low of $18.70 and a 1 year high of $51.23. The company has a market cap of $2.62 billion, a PE ratio of -7.27, a price-to-earnings-growth ratio of 4.63 and a beta of 2.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The firm’s 50 day simple moving average is $26.83 and its 200 day simple moving average is $32.06.

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.