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

Capri Holdings Limited (NYSE:CPRI) saw some unusual options trading activity on Wednesday. Stock investors bought 16,139 put options on the stock. This represents an increase of 24% compared to the typical daily volume of 12,990 put options.

Hedge Funds Weigh In On Capri

Institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp boosted its stake in 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 acquiring an additional 440 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in Capri in the fourth quarter valued at approximately $25,000. M&T Bank Corp boosted its stake in Capri by 9.0% in the third quarter. M&T Bank Corp now owns 8,683 shares of the company’s stock valued at $457,000 after acquiring an additional 716 shares in the last quarter. State of Michigan Retirement System boosted its stake in Capri by 2.9% in the first quarter. State of Michigan Retirement System now owns 28,665 shares of the company’s stock valued at $1,299,000 after acquiring an additional 800 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Capri by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company’s stock valued at $1,518,000 after acquiring an additional 900 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPRI. OTR Global reiterated a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. StockNews.com began coverage on shares of Capri in a report on Saturday, April 13th. They set a “hold” rating on the stock. Finally, Telsey Advisory Group cut their price target on shares of Capri from $57.00 to $42.00 and set a “market perform” rating on the stock in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.25.

Capri Stock Performance

Shares of NYSE:CPRI opened at $34.81 on Friday. The firm has a market cap of $4.06 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 7.41 and a beta of 2.03. The firm’s 50 day simple moving average is $44.30 and its 200-day simple moving average is $47.69. Capri has a one year low of $34.17 and a one year high of $54.52. 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 issued its quarterly earnings data 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 business 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 business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. As a group, equities analysts predict that Capri will post 3.8 EPS for the current year.

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.