Capri Target of Unusually Large Options Trading (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI) was the recipient of unusually large options trading on Monday. Stock investors acquired 35,503 call options on the stock. This is an increase of 48% compared to the typical volume of 23,991 call options.

Capri Trading Down 1.8 %

Shares of CPRI stock opened at $22.43 on Wednesday. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $47.17. The stock has a market cap of $2.64 billion, a P/E ratio of -2.62, a P/E/G ratio of 7.80 and a beta of 2.06. The business has a fifty day simple moving average of $22.58 and a 200-day simple moving average of $27.98. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business posted $1.20 EPS. On average, analysts forecast that Capri will post 0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPRI has been the subject of several research analyst reports. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Barclays cut their price objective on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. Bank of America initiated coverage on Capri in a research report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.92.

Institutional Trading of Capri

Large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in shares of Capri during the third quarter valued at $42,000. Twin Tree Management LP acquired a new stake in shares of Capri during the fourth quarter valued at $45,000. Quarry LP acquired a new stake in Capri in the 3rd quarter worth about $53,000. Aster Capital Management DIFC Ltd acquired a new stake in Capri in the 4th quarter worth about $74,000. Finally, KBC Group NV boosted its stake in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares during the last quarter. Institutional investors and hedge funds 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.