Credit Agricole S A Has $153,000 Stake in Kate Spade & Co (KATE)

Credit Agricole S A reduced its stake in shares of Kate Spade & Co (NYSE:KATE) by 73.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,217 shares of the textile maker’s stock after selling 22,178 shares during the period. Credit Agricole S A’s holdings in Kate Spade & Co were worth $153,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KATE. Harris Associates L P increased its stake in shares of Kate Spade & Co by 0.7% in the third quarter. Harris Associates L P now owns 6,343,511 shares of the textile maker’s stock worth $108,664,000 after buying an additional 45,700 shares in the last quarter. OZ Management LP increased its stake in shares of Kate Spade & Co by 7.0% in the third quarter. OZ Management LP now owns 4,628,514 shares of the textile maker’s stock worth $79,287,000 after buying an additional 304,748 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Kate Spade & Co by 3.9% in the third quarter. BlackRock Fund Advisors now owns 4,619,423 shares of the textile maker’s stock worth $79,131,000 after buying an additional 172,871 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Kate Spade & Co by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,762,983 shares of the textile maker’s stock worth $64,460,000 after buying an additional 31,587 shares in the last quarter. Finally, Mik Capital LLC bought a new stake in shares of Kate Spade & Co during the third quarter worth about $34,138,000. 98.36% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

Shares of Kate Spade & Co (NYSE:KATE) traded down 1.90% on Friday, reaching $17.54. The company had a trading volume of 4,847,876 shares. The company’s 50-day moving average is $21.96 and its 200-day moving average is $18.71. Kate Spade & Co has a one year low of $14.02 and a one year high of $26.46. The company has a market capitalization of $2.25 billion, a PE ratio of 14.79 and a beta of 1.62.

Kate Spade & Co (NYSE:KATE) last issued its quarterly earnings data on Tuesday, April 18th. The textile maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.06. Kate Spade & Co had a return on equity of 27.34% and a net margin of 9.67%. The firm earned $271 million during the quarter, compared to analysts’ expectations of $299.08 million. During the same period in the previous year, the firm earned $0.05 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts predict that Kate Spade & Co will post $0.82 earnings per share for the current year.

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KATE has been the subject of several recent analyst reports. BMO Capital Markets set a $19.00 target price on Kate Spade & Co and gave the stock a “hold” rating in a research note on Tuesday. Wunderlich restated a “buy” rating and set a $24.00 target price on shares of Kate Spade & Co in a research note on Wednesday. CLSA cut Kate Spade & Co from an “outperform” rating to an “underperform” rating in a research note on Friday, February 17th. Zacks Investment Research upgraded Kate Spade & Co from a “sell” rating to a “hold” rating and set a $25.00 target price for the company in a research note on Friday, February 17th. Finally, Mizuho upped their target price on Kate Spade & Co from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Kate Spade & Co presently has an average rating of “Hold” and a consensus price target of $22.73.

About Kate Spade & Co

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. It operates through three segments. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America. The KATE SPADE International segment consists of the Company’s kate spade new york and JACK SPADE brands in international markets, which operates principally in Japan, Asia (excluding Japan), Europe and Latin America).

5 Day Chart for NYSE:KATE

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