Capri (NYSE:CPRI) Sees Strong Trading Volume

Shares of Capri Holdings Limited (NYSE:CPRI) saw unusually-high 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.

Wall Street Analyst Weigh In

CPRI has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company. Telsey Advisory Group restated a “market perform” rating and set a $57.00 target price on shares of Capri in a research report on Friday, February 9th. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research report on Wednesday. Thirteen research analysts have rated the stock with a hold rating, According to data from MarketBeat, Capri has an average rating of “Hold” and a consensus target price of $50.50.

Capri Stock Up 1.9 %

The company’s fifty day moving average price is $45.10 and its 200-day moving average price is $48.13. The stock has a market cap of $4.49 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 7.68 and a beta of 2.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06.

Capri (NYSE:CPRI) last released its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. Capri’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. Equities analysts forecast that Capri Holdings Limited will post 3.8 EPS for the current year.

Institutional Investors Weigh In On Capri

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Capri in the 4th quarter worth about $166,766,000. Alpine Associates Management Inc. purchased a new position in Capri in the 3rd quarter worth about $128,347,000. Westchester Capital Management LLC purchased a new position in Capri in the 3rd quarter worth about $87,352,000. PSquared Asset Management AG purchased a new position in Capri in the 3rd quarter worth about $61,090,000. Finally, Segantii Capital Management Ltd purchased a new position in Capri in the 3rd quarter worth about $52,347,000. Institutional investors own 84.34% of the company’s stock.

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.