Capri (NYSE:CPRI) Sees Unusually-High Trading Volume

Capri Holdings Limited (NYSE:CPRI - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,539,801 shares were traded during trading, an increase of 111% from the previous session's volume of 1,205,002 shares.The stock last traded at $38.15 and had previously closed at $38.93.

Analysts Set New Price Targets

CPRI has been the topic of a number of research reports. StockNews.com initiated coverage on Capri in a report on Saturday. They issued a "hold" rating on the stock. OTR Global restated a "mixed" rating on shares of Capri in a report on Wednesday. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $57.00 price objective on shares of Capri in a report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri has a consensus rating of "Hold" and an average price target of $50.50.

Capri Trading Down 2.7 %

The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 7.98 and a beta of 2.03. The business has a 50 day moving average price of $45.30 and a 200-day moving average price of $48.20. 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 earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $1.84 EPS. Capri's revenue was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Capri Holdings Limited will post 3.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global Assets Advisory LLC acquired a new position in shares of Capri during the first quarter valued at $2,297,000. Peak Financial Advisors LLC lifted its holdings in Capri by 15.3% in the first quarter. Peak Financial Advisors LLC now owns 53,012 shares of the company's stock worth $2,401,000 after purchasing an additional 7,043 shares during the period. Kapitalo Investimentos Ltda lifted its holdings in Capri by 8.9% in the fourth quarter. Kapitalo Investimentos Ltda now owns 236,003 shares of the company's stock worth $11,857,000 after purchasing an additional 19,203 shares during the period. Nomura Holdings Inc. acquired a new stake in Capri in the fourth quarter worth about $1,533,000. Finally, Vima LLC acquired a new stake in Capri in the fourth quarter worth about $70,000. Institutional investors and hedge funds 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.