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

Capri Holdings Limited (NYSE:CPRI) was the recipient of unusually large options trading on Wednesday. Stock investors bought 16,139 put options on the company. This is an increase of 24% compared to the typical volume of 12,990 put options.

Capri Trading Down 1.7 %

NYSE:CPRI opened at $34.81 on Friday. The company has a market cap of $4.06 billion, a P/E ratio of 19.56, a P/E/G ratio of 7.41 and a beta of 2.03. The stock’s fifty day moving average price is $44.30 and its two-hundred day moving average price is $47.69. Capri has a 1 year low of $34.17 and a 1 year high of $54.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49.

Capri (NYSE:CPRI) last posted its earnings results 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 company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. As a group, analysts expect that Capri will post 3.8 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Capri

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in shares of Capri by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the company’s stock worth $1,518,000 after buying an additional 900 shares in the last quarter. Amalgamated Bank raised its position in shares of Capri by 10.3% in the first quarter. Amalgamated Bank now owns 80,121 shares of the company’s stock worth $3,629,000 after buying an additional 7,475 shares in the last quarter. Accurate Wealth Management LLC purchased a new stake in shares of Capri in the first quarter worth $508,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Capri by 142.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 117,476 shares of the company’s stock worth $5,322,000 after buying an additional 68,952 shares in the last quarter. Finally, Silverlake Wealth Management LLC purchased a new stake in shares of Capri in the first quarter worth $1,153,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.