Capri Holdings Limited (NYSE:CPRI) Short Interest Down 19.5% in December

Capri Holdings Limited (NYSE:CPRI) was the recipient of a large decrease in short interest in the month of 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. Approximately 6.2% of the shares of the stock are sold short. Based on an average trading volume of 2,935,903 shares, the days-to-cover ratio is presently 2.4 days. Based on an average trading volume of 2,935,903 shares, the days-to-cover ratio is presently 2.4 days. Approximately 6.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CPRI. Raymond James Financial upgraded Capri from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Tuesday, October 21st. Jefferies Financial Group increased their target price on shares of Capri from $20.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, December 12th. Zacks Research downgraded shares of Capri from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Telsey Advisory Group upped their price objective on shares of Capri from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. Finally, Robert W. Baird set a $26.00 target price on shares of Capri in a research report on Wednesday, December 17th. One 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.23.

Capri Trading Down 0.4%

Shares of Capri stock traded down $0.11 on Wednesday, hitting $24.40. The stock had a trading volume of 1,191,500 shares, compared to its average volume of 2,413,095. The stock has a 50 day moving average of $23.90 and a 200 day moving average of $21.27. The firm has a market capitalization of $2.91 billion, a P/E ratio of -2.48, a PEG ratio of 0.49 and a beta of 1.48. Capri has a twelve month low of $11.86 and a twelve month high of $28.26. 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 (NYSE:CPRI) last posted its earnings results on Tuesday, November 4th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.17). The business had revenue of $856.00 million for the quarter, compared to the consensus estimate of $825.74 million. Capri had a negative return on equity of 138.53% and a negative net margin of 29.55%.Capri has set its Q3 2026 guidance at 0.700-0.80 EPS and its FY 2026 guidance at 1.200-1.400 EPS. Sell-side analysts expect that Capri will post 0.98 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total value of $259,600.00. Following the transaction, the chief financial officer owned 741 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Penn Capital Management Company LLC acquired a new stake in shares of Capri during the 3rd quarter worth approximately $243,000. CIBC Bancorp USA Inc. purchased a new stake in Capri in the 3rd quarter valued at $247,000. Integrated Wealth Concepts LLC lifted its stake in Capri by 4.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 20,246 shares of the company’s stock valued at $403,000 after acquiring an additional 940 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Capri by 41.4% during the 3rd quarter. Gotham Asset Management LLC now owns 229,247 shares of the company’s stock worth $4,567,000 after acquiring an additional 67,114 shares during the last quarter. Finally, Dean Capital Management bought a new stake in shares of Capri in the 3rd quarter worth $1,468,000. 84.34% of the stock is owned by institutional investors and hedge funds.

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.