Capri Sees Unusually High Options Volume (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 31,807 call options on the stock. This represents an increase of approximately 555% compared to the typical daily volume of 4,855 call options.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CPRI. Robert W. Baird upgraded Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Wednesday, February 4th. Wells Fargo & Company dropped their target price on Capri from $27.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. TD Cowen reiterated a “buy” rating on shares of Capri in a research report on Wednesday, February 4th. BTIG Research restated a “buy” rating and issued a $30.00 price objective on shares of Capri in a report on Friday, January 30th. Finally, UBS Group reaffirmed a “neutral” rating and set a $22.00 target price on shares of Capri in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Capri has an average rating of “Hold” and an average target price of $25.92.

Insider Transactions at Capri

In related news, CEO John D. Idol bought 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the transaction, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at approximately $40,592,457.10. The trade was a 2.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC lifted its holdings in Capri by 299.7% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock worth $27,000 after buying an additional 1,142 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri in the 3rd quarter worth approximately $39,000. Quantbot Technologies LP purchased a new position in shares of Capri during the second quarter valued at approximately $39,000. Hantz Financial Services Inc. raised its holdings in shares of Capri by 167.4% during the third quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock valued at $54,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Capri by 273.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock valued at $55,000 after acquiring an additional 1,638 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 5.3%

Shares of NYSE:CPRI traded down $0.99 during trading on Wednesday, reaching $17.51. 3,285,655 shares of the company traded hands, compared to its average volume of 2,969,714. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. Capri has a 52-week low of $16.22 and a 52-week high of $28.26. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -4.15, a P/E/G ratio of 0.29 and a beta of 1.43. The business’s fifty day moving average is $18.77 and its 200-day moving average is $21.56.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, May 27th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. The company’s revenue was down 23.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($4.90) EPS. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. As a group, analysts forecast that Capri will post 1.39 EPS for the current year.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.