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

Capri Holdings Limited (NYSE:CPRI) was the recipient of some unusual options trading activity on Monday. Traders acquired 22,639 call options on the company. This is an increase of 139% compared to the average daily volume of 9,478 call options.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Capri in a research note on Saturday. They set a “hold” rating on the stock. 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. Thirteen analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.50.

Hedge Funds Weigh In On Capri

A number of institutional investors have recently modified their holdings of CPRI. Private Wealth Management Group LLC bought a new position in shares of Capri during the fourth quarter valued at approximately $25,000. Itau Unibanco Holding S.A. bought a new stake in Capri during the 2nd quarter valued at $63,000. Vima LLC purchased a new position in shares of Capri in the 4th quarter valued at $70,000. U S Global Investors Inc. bought a new position in shares of Capri in the 4th quarter worth $75,000. Finally, Fifth Third Bancorp lifted its stake in shares of Capri by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock worth $91,000 after purchasing an additional 440 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Price Performance

CPRI opened at $39.33 on Tuesday. The business has a fifty day moving average of $45.62 and a 200 day moving average of $48.37. The stock has a market cap of $4.58 billion, a P/E ratio of 22.10, a PEG ratio of 7.98 and a beta of 2.03. 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 has a 52-week low of $34.17 and a 52-week high of $54.52.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) 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 analysts’ expectations of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, sell-side analysts anticipate 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.