Capri Holdings Limited (NYSE:CPRI) Short Interest Up 15.6% in March

Capri Holdings Limited (NYSE:CPRIGet Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,440,000 shares, an increase of 15.6% from the February 29th total of 5,570,000 shares. Based on an average trading volume of 1,000,000 shares, the short-interest ratio is currently 6.4 days. Currently, 5.7% of the shares of the stock are sold short.

Capri Trading Down 1.1 %

Capri stock traded down $0.49 during mid-day trading on Tuesday, hitting $44.87. 691,561 shares of the company’s stock were exchanged, compared to its average volume of 1,032,482. The company’s 50 day simple moving average is $46.66 and its 200-day simple moving average is $48.99. The firm has a market capitalization of $5.23 billion, a P/E ratio of 25.21, a PEG ratio of 10.56 and a beta of 2.03. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $54.52.

Capri (NYSE:CPRIGet Free Report) last released its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. Capri’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $1.84 EPS. On average, equities analysts anticipate that Capri will post 3.8 earnings per share for the current year.

Hedge Funds Weigh In On Capri

A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capri by 2.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,234 shares of the company’s stock valued at $644,000 after acquiring an additional 266 shares in the last quarter. Blair William & Co. IL grew its holdings in Capri by 8.0% during the first quarter. Blair William & Co. IL now owns 5,498 shares of the company’s stock worth $258,000 after purchasing an additional 406 shares during the period. Fifth Third Bancorp grew its holdings in Capri by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock worth $91,000 after purchasing an additional 440 shares during the period. Private Wealth Management Group LLC bought a new position in Capri during the fourth quarter worth about $25,000. Finally, Captrust Financial Advisors grew its holdings in Capri by 5.4% during the fourth quarter. Captrust Financial Advisors now owns 13,166 shares of the company’s stock worth $755,000 after purchasing an additional 676 shares during the period. Institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPRI. Telsey Advisory Group reiterated a “market perform” rating and issued a $57.00 price objective on shares of Capri in a research report on Friday, February 9th. StockNews.com started coverage on Capri in a research report on Thursday, March 28th. They issued a “hold” rating on the stock. Thirteen analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.50.

Read Our Latest Stock Analysis on Capri

About Capri

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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.

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