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

Capri Holdings Ltd (NYSE:CPRI) was the target of unusually large options trading activity on Tuesday. Stock investors bought 4,441 call options on the company. This is an increase of 3,901% compared to the typical daily volume of 111 call options.

Several brokerages recently issued reports on CPRI. Needham & Company LLC reissued a “buy” rating and set a $54.00 price objective on shares of Capri in a report on Thursday. Credit Suisse Group reissued a “neutral” rating and set a $40.00 price objective (down from $52.00) on shares of Capri in a report on Thursday. They noted that the move was a valuation call. Canaccord Genuity reissued a “buy” rating and set a $67.00 price objective (down from $76.00) on shares of Capri in a report on Thursday. They noted that the move was a valuation call. Wells Fargo & Co reissued a “market perform” rating and set a $40.00 price objective (down from $48.00) on shares of Capri in a report on Thursday. Finally, Guggenheim reissued a “hold” rating on shares of Capri in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Capri presently has a consensus rating of “Hold” and a consensus price target of $52.44.

CPRI traded down $1.27 during trading on Thursday, hitting $33.79. The stock had a trading volume of 4,738,417 shares, compared to its average volume of 2,239,553. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.47. Capri has a twelve month low of $35.68 and a twelve month high of $75.96. The company has a quick ratio of 1.93, a current ratio of 2.48 and a debt-to-equity ratio of 0.86.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Capri had a net margin of 11.19% and a return on equity of 35.44%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, sell-side analysts expect that Capri will post 4.95 EPS for the current year.

Several institutional investors have recently modified their holdings of CPRI. Fifth Third Bancorp purchased a new position in shares of Capri during the first quarter worth $25,000. Signaturefd LLC purchased a new position in Capri in the first quarter valued at $40,000. Ladenburg Thalmann Financial Services Inc. purchased a new position in Capri in the first quarter valued at $45,000. CSat Investment Advisory L.P. purchased a new position in Capri in the first quarter valued at $46,000. Finally, CenterStar Asset Management LLC purchased a new position in Capri in the first quarter valued at $49,000. 86.17% of the stock is owned by hedge funds and other institutional investors.

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About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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