Stock Traders Buy High Volume of Call Options on Capri (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI) was the target of some unusual options trading activity on Wednesday. Investors bought 31,807 call options on the company. This is an increase of approximately 555% compared to the typical volume of 4,855 call options.

Capri News Summary

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri beat Q4 earnings expectations with adjusted EPS of $0.22 versus $0.11 expected, and it guided FY2027 EPS to $2.15, above consensus. Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results
• Positive Sentiment: BTIG Research reaffirmed its Buy rating and set a $30 price target, implying substantial upside from current levels. BTIG reaffirms Buy rating on Capri
• Positive Sentiment: JPMorgan also kept an Overweight rating and lifted its target to $29, suggesting confidence in Capri’s recovery path. JPMorgan lowers but keeps Overweight rating on Capri
• Neutral Sentiment: Telsey Advisory Group and Bank of America both cut price targets, but neither changed to a bearish stance; BofA moved to Neutral and Telsey to Market Perform. Analyst target changes for Capri
• Neutral Sentiment: Capri’s revenue of $796 million missed estimates slightly and declined 23.1% year over year, highlighting that the turnaround is still in progress. Capri earnings report and conference call
• Negative Sentiment: The company’s outlook for first-quarter FY2027 revenue came in below Wall Street expectations, which could temper enthusiasm despite the EPS beat. Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results

Analyst Ratings Changes

A number of brokerages have issued reports on CPRI. Barclays reduced their target price on Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. dropped their price target on Capri from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday. BTIG Research reiterated a “buy” rating and issued a $30.00 price target on shares of Capri in a research report on Thursday. UBS Group decreased their target price on shares of Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Capri in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.79.

Capri Trading Up 8.1%

Shares of CPRI stock opened at $19.75 on Friday. Capri has a 1 year low of $16.22 and a 1 year high of $28.26. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.24 and a beta of 1.43. The firm has a fifty day moving average price of $18.79 and a 200-day moving average price of $21.52. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.21 and a quick ratio of 0.52.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a net margin of 3.94% and a return on equity of 664.22%. The firm had revenue of $796.00 million during the quarter, compared to analyst estimates of $800.04 million. During the same quarter last year, the business earned ($4.90) EPS. The business’s revenue was down 23.1% on a year-over-year basis. 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, equities analysts predict that Capri will post 2.15 earnings per share for the current year.

Insider Transactions at Capri

In other Capri news, CEO John D. Idol bought 55,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the acquisition, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at approximately $40,592,457.10. This trade represents a 2.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Trading of Capri

A number of institutional investors have recently bought and sold shares of CPRI. Vanguard Group Inc. boosted its position in shares of Capri by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock worth $285,525,000 after buying an additional 121,209 shares during the period. State Street Corp grew its position in Capri by 19.3% in the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after purchasing an additional 724,967 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Capri by 92.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after buying an additional 1,314,611 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Capri during the 4th quarter worth about $53,759,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Capri by 34.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock valued at $38,154,000 after acquiring an additional 557,955 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Company Profile

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.