Capri Sees Unusually High Options Volume (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI - Get Free Report) saw unusually large options trading on Monday. Stock traders bought 22,639 call options on the company. This is an increase of approximately 139% compared to the typical daily volume of 9,478 call options.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $57.00 target price on shares of Capri in a research note on Friday, February 9th. StockNews.com initiated coverage on shares of Capri in a research report on Saturday. They set a "hold" rating for the company. Thirteen investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Capri currently has an average rating of "Hold" and a consensus target price of $50.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPRI. Private Wealth Management Group LLC acquired a new position in Capri during the fourth quarter worth about $25,000. Itau Unibanco Holding S.A. bought a new stake in shares of Capri in the 2nd quarter worth approximately $63,000. Vima LLC bought a new stake in Capri during the fourth quarter worth approximately $70,000. U S Global Investors Inc. acquired a new position in Capri in the fourth quarter worth approximately $75,000. Finally, Fifth Third Bancorp increased its holdings in shares of Capri by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company's stock valued at $91,000 after buying an additional 440 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Performance

Capri stock traded up $0.02 during mid-day trading on Monday, hitting $39.33. 4,718,537 shares of the company's stock traded hands, compared to its average volume of 1,155,344. Capri has a one year low of $34.17 and a one year high of $54.52. The company has a market cap of $4.58 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 7.98 and a beta of 2.03. The firm has a 50 day moving average price of $45.62 and a 200 day moving average price of $48.37. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. Capri's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. On average, equities analysts forecast that Capri will post 3.8 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.