Short Interest in Capri Holdings Limited (NYSE:CPRI) Declines By 19.5%
by Scott Moore · The Cerbat GemCapri Holdings Limited (NYSE:CPRI – Get Free Report) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 7,167,426 shares, a decrease of 19.5% from the November 30th total of 8,902,664 shares. Based on an average daily volume of 2,935,903 shares, the short-interest ratio is currently 2.4 days. Approximately 6.2% of the shares of the stock are short sold. Approximately 6.2% of the shares of the stock are short sold. Based on an average daily volume of 2,935,903 shares, the short-interest ratio is currently 2.4 days.
Insider Activity at Capri
In related news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total value of $259,600.00. Following the completion of the sale, the chief financial officer owned 741 shares of the company’s stock, valued at $19,236.36. This trade represents a 93.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.
Institutional Trading of Capri
Several hedge funds have recently added to or reduced their stakes in CPRI. Vontobel Holding Ltd. raised its position in shares of Capri by 105.6% during the third quarter. Vontobel Holding Ltd. now owns 127,029 shares of the company’s stock worth $2,530,000 after purchasing an additional 65,259 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in Capri during the 1st quarter worth approximately $8,673,000. AXQ Capital LP raised its holdings in Capri by 67.7% during the 2nd quarter. AXQ Capital LP now owns 44,387 shares of the company’s stock worth $786,000 after buying an additional 17,913 shares during the period. ProShare Advisors LLC bought a new position in Capri in the second quarter valued at approximately $515,000. Finally, Ameritas Investment Partners Inc. lifted its stake in Capri by 47.2% in the second quarter. Ameritas Investment Partners Inc. now owns 34,778 shares of the company’s stock valued at $616,000 after buying an additional 11,157 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on CPRI shares. Guggenheim raised Capri to a “strong-buy” rating in a research note on Wednesday, December 10th. Jefferies Financial Group raised their price target on Capri from $20.00 to $24.00 and gave the company a “hold” rating in a report on Friday, December 12th. Telsey Advisory Group lifted their price objective on Capri from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. BTIG Research started coverage on shares of Capri in a research report on Tuesday, October 14th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Raymond James Financial raised shares of Capri from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.23.
Check Out Our Latest Stock Analysis on Capri
Capri Trading Down 0.4%
NYSE:CPRI traded down $0.11 during mid-day trading on Thursday, hitting $24.40. The company had a trading volume of 1,191,500 shares, compared to its average volume of 2,413,095. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.69 and a current ratio of 1.25. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $28.26. The firm has a market cap of $2.91 billion, a P/E ratio of -2.48, a P/E/G ratio of 0.49 and a beta of 1.48. The business’s fifty day moving average is $23.90 and its two-hundred day moving average is $21.27.
Capri (NYSE:CPRI – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.17). Capri had a negative net margin of 29.55% and a negative return on equity of 138.53%. The company had revenue of $856.00 million during the quarter, compared to the consensus estimate of $825.74 million. Capri has set its Q3 2026 guidance at 0.700-0.80 EPS and its FY 2026 guidance at 1.200-1.400 EPS. As a group, research analysts expect that Capri will post 0.98 earnings per share for the current year.
About Capri
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.