Capri Holdings Limited (NYSE:CPRI) Short Interest Update

Capri Holdings Limited (NYSE:CPRI) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 7,920,000 shares, a drop 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 presently 2.2 days. Currently, 6.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CPRI shares. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. Wells Fargo & Company lowered 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 note on Friday, October 25th. UBS Group decreased their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. dropped their price target on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. One investment 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 company currently has an average rating of “Hold” and a consensus target price of $28.88.

Capri Price Performance

Shares of Capri stock opened at $20.61 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a 50 day moving average price of $34.30 and a 200 day moving average price of $34.07.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CPRI. Sunbelt Securities Inc. acquired a new position in shares of Capri during the 3rd quarter worth approximately $42,000. Quarry LP acquired a new position in Capri during the 3rd quarter worth about $53,000. Bessemer Group Inc. boosted its stake in shares of Capri by 82.4% in the first 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 period. CWM LLC grew its stake in shares of Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after acquiring an additional 638 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.