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Capri Holdings (CPRI) Surges: Stock Moves 11.3% Higher

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Capri Holdings Limited (CPRI - Free Report) was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $40.00 to $42.90 in the past one-month time frame.

The upmove came after the company's fiscal third quarter (ended Dec 29, 2018) earnings trumped estimates.

The company has seen a mixed track record when it comes to estimate revision of one increase and three decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Capri Holdings currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

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Investors interested in the Retail – Apparel and Shoes industry may consider DSW Inc. , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
 
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