Capri (NYSE:CPRI) Stock Sees Unusually High Call Option Buying

Capri Holdings Limited (NYSE:CPRI) was the recipient of some unusual options trading on Thursday. Traders acquired 7,262 call options on the stock. This is an increase of 137% compared to the average volume of 3,062 call options.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Capri from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Wells Fargo & Company dropped their target price on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Capri in a research report on Tuesday, August 25th. The Goldman Sachs Group decreased their price target on shares of Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, UBS Group lowered their price objective on shares of Capri from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.80.

Capri Stock Up 3.7%

NYSE CPRI traded up $0.58 during trading on Thursday, reaching $16.28. The company’s stock had a trading volume of 699,371 shares, compared to its average volume of 3,550,480. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $1.85 billion, a PE ratio of 12.53, a PEG ratio of 0.35 and a beta of 1.35. Capri has a 1-year low of $12.40 and a 1-year high of $28.26. The business has a 50-day moving average price of $14.40 and a 200-day moving average price of $16.97.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.40 by $0.27. The company had revenue of $769.00 million for the quarter, compared to analyst estimates of $757.61 million. Capri had a net margin of 4.44% and a return on equity of 297.36%. Capri’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 EPS. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. On average, research analysts forecast that Capri will post 2.11 earnings per share for the current fiscal year.

Institutional Trading of Capri

A number of institutional investors and hedge funds have recently modified their holdings of the company. Measured Wealth Private Client Group LLC grew its position in shares of Capri by 299.7% in the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock valued at $27,000 after purchasing an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after buying an additional 1,638 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Capri by 14.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after buying an additional 555 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Capri during the first quarter worth approximately $190,000. Finally, Keybank National Association OH bought a new stake in shares of Capri in the first quarter valued at approximately $194,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.