Kate Spade & Co (KATE) Receives Average Recommendation of “Hold” from Analysts

Kate Spade & Co (NYSE:KATE) has been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.50.

Several analysts have recently issued reports on KATE shares. BidaskClub upgraded Kate Spade & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Kate Spade & Co in a research note on Tuesday, April 18th. Instinet downgraded Kate Spade & Co from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $18.50 in a research note on Tuesday, May 9th. Buckingham Research reiterated a “neutral” rating on shares of Kate Spade & Co in a research note on Tuesday, May 9th. Finally, Nomura reiterated a “neutral” rating and set a $18.50 price target on shares of Kate Spade & Co in a research note on Tuesday, May 9th.

Kate Spade & Co (NYSE KATE) remained flat at $18.49 during mid-day trading on Monday. The stock had a trading volume of 7,789,960 shares. The stock’s 50 day moving average is $18.45 and its 200-day moving average is $19.25. Kate Spade & Co has a 1-year low of $14.02 and a 1-year high of $24.24.

Large investors have recently added to or reduced their stakes in the stock. BT Investment Management Ltd purchased a new stake in Kate Spade & Co during the second quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kate Spade & Co by 42.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,546 shares of the textile maker’s stock valued at $103,000 after buying an additional 1,647 shares during the period. Neuburgh Advisers LLC boosted its stake in Kate Spade & Co by 16.0% in the first quarter. Neuburgh Advisers LLC now owns 4,774 shares of the textile maker’s stock valued at $111,000 after buying an additional 660 shares during the period. Envestnet Asset Management Inc. boosted its stake in Kate Spade & Co by 126.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,579 shares of the textile maker’s stock valued at $122,000 after buying an additional 3,671 shares during the period. Finally, Tyers Asset Management LLC raised its position in Kate Spade & Co by 16.0% in the first quarter. Tyers Asset Management LLC now owns 6,076 shares of the textile maker’s stock valued at $141,000 after buying an additional 840 shares in the last quarter. 97.87% of the stock is owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Kate Spade & Co (NYSE:KATE)

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