Stock Traders Buy Large Volume of Capri Put Options (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI - Get Free Report) was the target of some unusual options trading activity on Wednesday. Traders purchased 16,139 put options on the stock. This represents an increase of 24% compared to the average daily volume of 12,990 put options.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Telsey Advisory Group dropped their target price on shares of Capri from $57.00 to $42.00 and set a "market perform" rating for the company in a report on Tuesday. StockNews.com assumed coverage on shares of Capri in a report on Saturday, April 13th. They set a "hold" rating for the company. Finally, OTR Global reiterated a "mixed" rating on shares of Capri in a report on Wednesday, April 17th. Thirteen investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $49.25.

Capri Trading Down 3.0 %

CPRI stock traded down $1.10 during trading on Wednesday, reaching $35.41. The company had a trading volume of 4,546,883 shares, compared to its average volume of 1,350,998. Capri has a 52 week low of $34.17 and a 52 week high of $54.52. The business has a 50 day moving average of $44.54 and a 200 day moving average of $47.78. The company has a market cap of $4.13 billion, a P/E ratio of 19.89, a PEG ratio of 7.71 and a beta of 2.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results 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). Capri had a net margin of 3.96% and a return on equity of 25.79%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $1.84 EPS. Capri's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Capri will post 3.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently made changes to their positions in CPRI. Private Wealth Management Group LLC purchased a new stake in shares of Capri during the fourth quarter valued at approximately $25,000. Vima LLC purchased a new stake in shares of Capri during the fourth quarter valued at approximately $70,000. U S Global Investors Inc. purchased a new stake in shares of Capri during the fourth quarter valued at approximately $75,000. Fifth Third Bancorp grew its holdings in shares of Capri by 34.0% during 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 during the last quarter. Finally, EMC Capital Management purchased a new stake in shares of Capri during the third quarter valued at approximately $96,000. Institutional investors own 84.34% of the company's stock.

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.