Capri (NYSE:CPRI) Sees Large Volume Increase

Capri Holdings Limited (NYSE:CPRI) shares saw an uptick in trading volume on Tuesday . 1,145,512 shares traded hands during trading, a decline of 8% from the previous session’s volume of 1,239,844 shares.The stock last traded at $37.02 and had previously closed at $37.96.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CPRI. Telsey Advisory Group lowered their target price on shares of Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research note on Tuesday. StockNews.com initiated coverage on shares of Capri in a research note on Saturday, April 13th. They issued a “hold” rating for the company. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Thirteen analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.25.

Capri Price Performance

The stock has a market capitalization of $4.26 billion, a PE ratio of 20.77, a PEG ratio of 7.82 and a beta of 2.03. The company has a current ratio of 1.06, a quick ratio of 0.49 and a debt-to-equity ratio of 0.71. The company’s 50 day simple moving average is $44.75 and its 200 day simple moving average is $47.89.

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

Institutional Trading of Capri

Several institutional investors have recently made changes to their positions in CPRI. Norges Bank acquired a new position in shares of Capri during the 4th quarter valued at $166,766,000. Alpine Associates Management Inc. lifted its holdings in shares of Capri by 0.3% during the 4th quarter. Alpine Associates Management Inc. now owns 2,447,800 shares of the company’s stock valued at $122,977,000 after acquiring an additional 8,200 shares in the last quarter. Westchester Capital Management LLC lifted its holdings in shares of Capri by 31.5% during the 4th quarter. Westchester Capital Management LLC now owns 2,184,170 shares of the company’s stock valued at $109,733,000 after acquiring an additional 523,796 shares in the last quarter. TIG Advisors LLC lifted its holdings in shares of Capri by 9.3% during the 4th quarter. TIG Advisors LLC now owns 1,863,562 shares of the company’s stock valued at $93,625,000 after acquiring an additional 158,303 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Capri by 82.8% during the 4th quarter. Franklin Resources Inc. now owns 1,669,441 shares of the company’s stock valued at $83,873,000 after acquiring an additional 756,425 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

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.