Capri Holdings Limited (NYSE:CPRI) Sees Significant Decrease in Short Interest

Capri Holdings Limited (NYSE:CPRI) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 7,920,000 shares, a decrease of 6.7% from the October 15th total of 8,490,000 shares. Based on an average daily volume of 3,640,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 6.9% of the shares of the stock are short sold.

Analyst Ratings Changes

Several brokerages have recently commented on CPRI. UBS Group decreased their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. TD Cowen decreased their price target on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Telsey Advisory Group dropped their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Friday, September 13th. Finally, Robert W. Baird lowered their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.88.

Hedge Funds Weigh In On Capri

Institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new stake in shares of Capri during the 3rd quarter valued at about $42,000. Quarry LP purchased a new stake in Capri during the third quarter valued at approximately $53,000. Bessemer Group Inc. lifted its stake in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. CWM LLC boosted its holdings in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the period. Finally, Signaturefd LLC increased its position in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Down 2.7 %

NYSE CPRI opened at $20.05 on Wednesday. The stock has a 50 day moving average price of $33.62 and a 200-day moving average price of $33.85. Capri has a one year low of $18.70 and a one year high of $51.23. 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 company has a market capitalization of $2.36 billion, a P/E ratio of -6.55, a P/E/G ratio of 4.33 and a beta of 2.05.

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.