ING Groep NV Takes Position in Kate Spade & Co (KATE)

ING Groep NV acquired a new position in shares of Kate Spade & Co (NYSE:KATE) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 15,607 shares of the textile maker’s stock, valued at approximately $289,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC bought a new stake in shares of Kate Spade & Co during the second quarter worth $11,645,000. State Treasurer State of Michigan boosted its stake in shares of Kate Spade & Co by 1.5% in the second quarter. State Treasurer State of Michigan now owns 52,900 shares of the textile maker’s stock worth $978,000 after buying an additional 800 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Kate Spade & Co by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 33,500 shares of the textile maker’s stock worth $619,000 after buying an additional 1,100 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Kate Spade & Co by 11.2% in the second quarter. LS Investment Advisors LLC now owns 15,806 shares of the textile maker’s stock worth $292,000 after buying an additional 1,590 shares in the last quarter. Finally, Chicago Capital Management LLC bought a new stake in shares of Kate Spade & Co during the second quarter worth $11,000,000. 97.87% of the stock is owned by hedge funds and other institutional investors.

Kate Spade & Co (KATE) remained flat at $18.49 during trading on Friday. The stock had a trading volume of 7,789,960 shares. Kate Spade & Co has a 12-month low of $14.02 and a 12-month high of $24.24. The firm has a 50-day moving average price of $18.45 and a 200 day moving average price of $19.25.

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KATE has been the subject of a number of analyst reports. BidaskClub cut Kate Spade & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Instinet cut Kate Spade & Co from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $18.50 in a research report on Tuesday, May 9th. BMO Capital Markets set a $19.00 price target on Kate Spade & Co and gave the stock a “hold” rating in a research report on Tuesday, April 18th. Wunderlich reaffirmed a “buy” rating and issued a $24.00 price target on shares of Kate Spade & Co in a research report on Wednesday, April 19th. Finally, Nomura reaffirmed a “neutral” rating and issued a $18.50 price target on shares of Kate Spade & Co in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Kate Spade & Co has an average rating of “Hold” and a consensus price target of $20.80.

Kate Spade & Co Company Profile

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).

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

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