Capri (NYSE:CPRI) Stock Sees Unusually High Call Option Buying

Capri Holdings Limited (NYSE:CPRI) saw unusually large options trading activity on Thursday. Traders purchased 7,262 call options on the stock. This represents an increase of 137% compared to the average volume of 3,062 call options.

Capri Price Performance

CPRI stock traded up $0.58 during trading on Thursday, hitting $16.28. 699,371 shares of the stock traded hands, compared to its average volume of 3,550,480. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.35 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.27. Capri has a one year low of $12.40 and a one year high of $28.26. The company has a 50 day simple moving average of $14.40 and a 200 day simple moving average of $16.97.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.27. The firm had revenue of $769.00 million during the quarter, compared to the consensus estimate of $757.61 million. Capri had a return on equity of 297.36% and a net margin of 4.44%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. Equities analysts expect that Capri will post 2.11 EPS for the current fiscal year.

Institutional Trading of Capri

Hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC bought a new position in Capri in the 3rd quarter valued at $444,000. Counterpoint Mutual Funds LLC lifted its stake in shares of Capri by 4.4% during the third quarter. Counterpoint Mutual Funds LLC now owns 18,230 shares of the company’s stock valued at $257,000 after acquiring an additional 772 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Capri by 35.6% during the third quarter. State of Alaska Department of Revenue now owns 25,806 shares of the company’s stock valued at $363,000 after acquiring an additional 6,773 shares during the period. Avaii Wealth Management LLC boosted its holdings in Capri by 146.5% in the third quarter. Avaii Wealth Management LLC now owns 46,365 shares of the company’s stock valued at $670,000 after acquiring an additional 27,557 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in Capri in the second quarter valued at about $3,804,000. 84.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. BTIG Research decreased their price objective on Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company lowered their price objective on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Barclays lowered their price objective on Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Finally, Telsey Advisory Group cut their target price on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.80.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.