Capri (NYSE:CPRI) Sees Large Volume Increase

Capri Holdings Limited (NYSE:CPRI) saw strong trading volume on Wednesday . 2,539,801 shares were traded during mid-day trading, an increase of 111% from the previous session’s volume of 1,205,002 shares.The stock last traded at $38.15 and had previously closed at $38.93.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Capri in a research report on Saturday. They issued a “hold” rating on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $57.00 price objective on shares of Capri in a research report on Friday, February 9th. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.50.

Capri Trading Down 2.7 %

The firm has a market capitalization of $4.41 billion, a PE ratio of 21.33, a P/E/G ratio of 7.98 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. The business’s fifty day moving average price is $45.47 and its 200 day moving average price is $48.27.

Capri (NYSE:CPRI) 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). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Capri’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts expect that Capri Holdings Limited will post 3.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Capri

Several institutional investors have recently bought and sold shares of CPRI. Private Wealth Management Group LLC acquired a new position in shares of Capri during the fourth quarter worth $25,000. Itau Unibanco Holding S.A. acquired a new stake in Capri in the second quarter valued at $63,000. Vima LLC acquired a new stake in Capri in the fourth quarter valued at $70,000. U S Global Investors Inc. bought a new stake in Capri during the fourth quarter valued at $75,000. Finally, Fifth Third Bancorp grew its position in shares of 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 acquiring an additional 440 shares during the last quarter. 84.34% of the stock is currently 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.