Capri Target of Unusually Large Options Trading (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 stock. This represents an increase of approximately 139% compared to the typical volume of 9,478 call options.

Capri Stock Up 0.1 %

CPRI stock opened at $39.33 on Tuesday. Capri has a fifty-two week low of $34.17 and a fifty-two week high of $54.52. The company’s 50 day moving average price is $45.62 and its 200 day moving average price is $48.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 7.98 and a beta of 2.03.

Capri (NYSE:CPRI) last released 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). Capri had a return on equity of 25.79% and a net margin of 3.96%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $1.84 earnings per share. Capri’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Capri will post 3.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Wealth Management Group LLC acquired a new position in shares of Capri in the 4th quarter valued at $25,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Capri in the 2nd quarter valued at about $63,000. Vima LLC acquired a new position in Capri during the fourth quarter worth approximately $70,000. U S Global Investors Inc. purchased a new stake in Capri in the 4th quarter valued at $75,000. Finally, Fifth Third Bancorp grew its position in 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 institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.