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

Capri Holdings Limited (NYSE:CPRI) was the target of some unusual options trading on Thursday. Stock traders acquired 41,438 call options on the stock. This represents an increase of approximately 75% compared to the average volume of 23,661 call options.

Analyst Ratings Changes

CPRI has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Friday, September 13th. Wells Fargo & Company cut their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price objective on shares of Capri in a report on Friday, November 1st. Finally, UBS Group dropped their target price on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.29.

Institutional Investors Weigh In On Capri

Institutional investors and hedge funds have recently modified their holdings of the company. Riverwater Partners LLC bought a new position in Capri during the third quarter worth $1,030,000. Aristides Capital LLC bought a new stake in shares of Capri during the 2nd quarter worth about $1,865,000. State Board of Administration of Florida Retirement System grew its stake in Capri by 17.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock valued at $7,312,000 after buying an additional 23,294 shares during the last quarter. Fortis Group Advisors LLC bought a new position in Capri in the 3rd quarter valued at about $2,149,000. Finally, Gabelli Funds LLC lifted its position in Capri by 7.1% during the first quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock worth $22,858,000 after acquiring an additional 33,550 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

Capri Stock Up 4.7 %

Shares of Capri stock traded up $0.92 on Thursday, reaching $20.57. 14,242,884 shares of the company were exchanged, compared to its average volume of 2,036,867. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of -6.92, a PEG ratio of 3.84 and a beta of 2.05. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average of $34.87 and a 200 day moving average of $34.28. Capri has a one year low of $18.70 and a one year high of $51.23.

Capri Company Profile

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.