Stock Traders Purchase High Volume of Call Options on Capri (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI) saw unusually large options trading activity on Tuesday. Stock investors acquired 75,732 call options on the stock. This is an increase of approximately 299% compared to the average volume of 18,974 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC grew its holdings in Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares in the last quarter. Bessemer Group Inc. increased its holdings in Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares during the period. CWM LLC lifted its stake in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares in the last quarter. Signaturefd LLC boosted its holdings in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the period. Finally, EMC Capital Management grew its position in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CPRI shares. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. UBS Group lowered their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Wells Fargo & Company decreased their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday. Telsey Advisory Group dropped their price objective on Capri from $42.00 to $26.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.50.

Capri Stock Down 1.0 %

Shares of CPRI stock traded down $0.22 on Tuesday, hitting $21.17. The stock had a trading volume of 431,524 shares, compared to its average volume of 1,699,762. Capri has a 12-month low of $20.99 and a 12-month high of $51.46. The business has a 50 day moving average of $38.74 and a 200 day moving average of $35.84. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -10.86, a price-to-earnings-growth ratio of 6.93 and a beta of 1.97.

Capri (NYSE:CPRI) last released its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The firm’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. As a group, analysts expect that Capri will post 2.12 EPS for the current year.

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.