Capri Holdings Limited (NYSE:CPRI – Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 6,160,000 shares, a drop of 7.5% from the November 15th total of 6,660,000 shares. Approximately 5.4% of the company’s stock are short sold. Based on an average trading volume of 1,650,000 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Capri in a research note on Friday. They issued a “hold” rating for the company. Fifteen research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Capri currently has a consensus rating of “Hold” and a consensus target price of $51.14.

Check Out Our Latest Analysis on Capri

Institutional Investors Weigh In On Capri

A number of hedge funds have recently made changes to their positions in the business. Platinum Investment Management Ltd. raised its holdings in shares of Capri by 9.1% during the second quarter. Platinum Investment Management Ltd. now owns 2,295 shares of the company’s stock valued at $82,000 after buying an additional 191 shares during the last quarter. Merlin Capital LLC raised its holdings in Capri by 3.9% during the second quarter. Merlin Capital LLC now owns 6,587 shares of the company’s stock worth $236,000 after purchasing an additional 245 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Capri by 2.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,234 shares of the company’s stock worth $644,000 after purchasing an additional 266 shares in the last quarter. Kistler Tiffany Companies LLC raised its holdings in Capri by 26.1% during the second quarter. Kistler Tiffany Companies LLC now owns 1,805 shares of the company’s stock worth $65,000 after purchasing an additional 374 shares in the last quarter. Finally, Highland Capital Management LLC raised its holdings in Capri by 3.4% during the first quarter. Highland Capital Management LLC now owns 12,180 shares of the company’s stock worth $572,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Capri Stock Performance

Shares of NYSE CPRI opened at $49.28 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $45.64. Capri has a 52-week low of $34.17 and a 52-week high of $69.25. The stock has a market capitalization of $5.73 billion, a P/E ratio of 18.81, a P/E/G ratio of 8.80 and a beta of 2.04.

Capri (NYSE:CPRI – Get Free Report) last issued its earnings results on Thursday, November 9th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.36). Capri had a return on equity of 29.86% and a net margin of 6.13%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business earned $1.79 EPS. The business’s revenue was down 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Capri will post 4.97 earnings per share for the current year.

Capri Company Profile (Get Free Report)

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.

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Original: MarketBeat News Feed: Short Interest in Capri Holdings Limited (NYSE:CPRI) Drops By 7.5%