Capri Holdings Limited ($CPRI) Stock Forecast: Up 6.6% Today

What is Capri Holdings Limited?

Capri Holdings (NYSE: CPRI) is a global fashion luxury group, known for its iconic brands such as Michael Kors, Versace, and Jimmy Choo. The stock had a strong bullish movement today in the market.

Why is Capri Holdings Limited going up?

CPRI stock is up 6.6% on Aug 21, 2024 17:01

• The surge in bullish options trading for Capri Holdings suggests a high level of confidence and optimism among investors, leading to increased buying pressure on the stock.
• The significant amount of money being poured into bullish options trades indicates a positive sentiment towards the company's future performance and growth prospects.
• This flurry of bullish options activity could be driven by positive news, strong earnings expectations, or anticipation of favorable market conditions for the luxury fashion industry, all contributing to the stock's upward momentum today.

CPRI Price Chart

CPRI News

Behind the Scenes of Capri Holdings's Latest Options Trends - Capri Holdings ( NYSE:CPRI )

Benzinga's options scanner just detected over 8 options trades for Capri Holdings CPRI summing a total amount of $1,931,500. At the same time, our algo caught 4 for a total amount of 1,812,600.

https://www.benzinga.com/insights/options/24/08/40487891/behind-the-scenes-of-capri-holdingss-latest-options-trends

Unpacking the Latest Options Trading Trends in Capri Holdings - Capri Holdings ( NYSE:CPRI )

Investors with a lot of money to spend have taken a bullish stance on Capri Holdings CPRI. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/08/40422379/unpacking-the-latest-options-trading-trends-in-capri-holdings

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Capri Holdings Limited Price History

21.07.2024 - CPRI Stock was up 5.0%

• The latest options trading trends point towards a bullish outlook on Capri Holdings, demonstrating investors' belief in the company's future opportunities.
• The rise in bullish options trades may indicate positive market sentiment towards the luxury fashion sector amid ongoing consumer spending recovery.
• Institutional investors and high-net-worth individuals seem to be driving the bullish momentum in CPRI, showcasing trust in the company's potential for growth.
• On the whole, the increase in bullish activity suggests investor confidence in Capri Holdings' performance and near-term prospects.

21.07.2024 - CPRI Stock was up 6.6%

• The surge in bullish options trading for Capri Holdings suggests a high level of confidence and optimism among investors, leading to increased buying pressure on the stock.
• The significant amount of money being poured into bullish options trades indicates a positive sentiment towards the company's future performance and growth prospects.
• This flurry of bullish options activity could be driven by positive news, strong earnings expectations, or anticipation of favorable market conditions for the luxury fashion industry, all contributing to the stock's upward momentum today.

11.03.2024 - CPRI Stock was down 4.0%

• The decline in CPRI stock today is linked to:
• Noteworthy bearish activities by well-funded investors, reflected in significant options trends.
• Worries surrounding potential FTC complications from a Tapestry deal, influencing investor confidence negatively.
• Struggles with declining sales and earnings, emphasized in pessimistic assessments of the company's future.
• These factors likely contributed to the stock's descent, mirroring uncertainties and challenges encountered by the luxury fashion conglomerate.

31.04.2023 - CPRI Stock was down 10.0%

• The bearish movement in CPRI's stock today can be attributed to the following factors:
• Despite beating analyst estimates for Q4 earnings and revenue, CPRI's revenue still declined by 10.5% YoY, which could have disappointed investors.
• The revenue decline was mainly due to a decrease in Versace's revenue by 13% YoY and Jimmy Choo's revenue by 3.2% YoY.
• CPRI's Q4 loss of $34 million, as compared to a profit of $81 million in the same period last year, could have also contributed to the bearish movement.
• The near-term uncertainties in the Americas mentioned in the Q4 report could have added to the negative sentiment around the stock.

08.07.2023 - CPRI Stock was down 5.1%

• Capri Holdings' Q1 earnings might have disappointed investors due to softness in retail and wholesale units, rising operating expenses, and foreign exchange headwinds.
• The bearish movement could also be attributed to the lack of positive guidance or forecasted growth from the company.
• Despite the challenges, some analysts believe that Capri Holdings has opportunities for growth and consider the stock to be undervalued.
• It's important to note that news about Elon Musk's rebranding of Twitter and its potential impact on stocks is not directly related to Capri Holdings' bearish movement.

07.04.2024 - CPRI Stock was up 3.2%

• The bullish movement in CPRI stock today could be attributed to positive sentiment in the retail sector, especially in the luxury fashion segment.
• Investors might be optimistic about Capri Holdings' performance, potentially driven by strong sales figures or positive market outlook.
• Mentions of must-buy stocks and investment strategies from prominent figures may have influenced market participants to view CPRI as a favorable investment option, leading to increased buying activity.
• The focus on value investing and identifying stocks with high potential could have resonated with investors, prompting them to consider CPRI as a promising opportunity in the luxury retail space.

10.07.2023 - CPRI Stock was up 22.1%

• Capri Holdings is expected to report a decline in Q1 earnings, which might have initially caused a negative sentiment.
• However, news broke that Tapestry Inc., the owner of the Coach brand, is in talks to buy Capri Holdings. This potential acquisition could have sparked investor optimism and contributed to the bullish movement.
• The bullish sentiment is further supported by the fact that a whale investor took a bearish stance on Capri Holdings, indicating a potential contrarian indicator.
• Overall, the news of a potential acquisition by Tapestry Inc. seems to have outweighed the negative earnings expectations, leading to the bullish market movement.

11.07.2023 - CPRI Stock was up 24.9%

• The bullish movement in CPRI's stock can be attributed to the following factors:
• 1. Acquisition by Tapestry: Tapestry, the parent company of Coach, announced a definitive agreement to acquire Capri Holdings. This news of consolidation in the fashion industry likely boosted investor confidence in CPRI's future prospects.
• 2. Creation of a global luxury house: The combination of Tapestry and Capri Holdings creates a powerful global luxury house, which was positively received by the market. This merger is expected to enhance competitiveness in the luxury market and drive growth.
• 3. Positive market sentiment: The overall bullish sentiment in the stock market, with the Dow Jones gaining around 350 points, also contributed to the upward movement of CPRI's stock.
• Note: The news about Amyris (AMRS) filing for Chapter 11 bankruptcy protection is unrelated to CPRI's bullish movement and should not be included in the assessment.

06.07.2024 - CPRI Stock was up 0.0%

• CPRI stock experienced a bullish movement today, possibly driven by positive insights from Wall Street analysts ahead of the company's Q1 earnings report.
• The anticipation of strong performance in key metrics for Capri Holdings may have contributed to the bullish sentiment among investors.
• Despite concerns raised by Alluvium Asset Management about CPRI being a misjudged stock, the market seemed to focus more on the upcoming earnings report and the potential growth prospects of the luxury fashion group.
• The overall excitement over AI and comparisons drawn in the market did not seem to significantly impact CPRI's bullish movement, which was more influenced by internal factors related to the company's performance expectations.

15.07.2024 - CPRI Stock was up 5.2%

• CPRI stock experienced a strong bullish movement despite reporting disappointing first-quarter earnings and revenue misses.
• The bearish stance taken by investors in options trading may have initially contributed to the negative sentiment around the stock.
• The market movement could be attributed to investors potentially seeing long-term value in the company despite short-term challenges.
• The stock's resilience in the face of poor financial performance may indicate investor confidence in the company's ability to navigate through the current challenging market conditions.