Capri (NYSE:CPRI) Sees Strong Trading Volume – Still a Buy?

Capri Holdings Limited (NYSE:CPRI) saw unusually-strong trading volume on Friday . Approximately 965,125 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 1,072,336 shares.The stock last traded at $20.25 and had previously closed at $20.61.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, November 26th. Barclays reaffirmed an “equal weight” rating and set a $21.00 price objective on shares of Capri in a report on Wednesday, November 20th. Wells Fargo & Company dropped their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. UBS Group reduced their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, TD Cowen lowered their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.90.

Capri Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The stock has a market capitalization of $2.41 billion, a PE ratio of -6.67, a PEG ratio of 4.55 and a beta of 2.05. The company has a 50 day moving average price of $21.26 and a 200-day moving average price of $30.97.

Institutional Trading of Capri

Large investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Capri in the 3rd quarter valued at approximately $224,000. Riverwater Partners LLC bought a new position in Capri in the third quarter worth $1,030,000. Senvest Management LLC purchased a new position in Capri during the third quarter valued at $6,610,000. Primecap Management Co. CA boosted its holdings in shares of Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares in the last quarter. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Capri during the 3rd quarter valued at $7,869,000. 84.34% of the stock is owned by 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.