Daiwa Securities Group Inc. Has $2.48 Million Position in Kate Spade & Co (KATE)

Daiwa Securities Group Inc. increased its position in shares of Kate Spade & Co (NYSE:KATE) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,958 shares of the textile maker’s stock after buying an additional 4,150 shares during the period. Daiwa Securities Group Inc.’s holdings in Kate Spade & Co were worth $2,476,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in KATE. Tyers Asset Management LLC raised its stake in shares of 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 worth $141,000 after buying an additional 840 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Kate Spade & Co by 1.2% in the first quarter. State Treasurer State of Michigan now owns 52,100 shares of the textile maker’s stock worth $1,210,000 after buying an additional 600 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Kate Spade & Co by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 77,195 shares of the textile maker’s stock worth $1,793,000 after buying an additional 3,302 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Kate Spade & Co by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 45,046 shares of the textile maker’s stock worth $1,046,000 after buying an additional 600 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Kate Spade & Co by 10.9% in the first quarter. IFP Advisors Inc now owns 8,172 shares of the textile maker’s stock valued at $190,000 after buying an additional 800 shares in the last quarter. Institutional investors own 97.87% of the company’s stock.

Shares of Kate Spade & Co (NYSE KATE) remained flat at $18.49 during mid-day trading on Friday. 7,789,960 shares of the company were exchanged. The stock’s 50 day moving average price is $18.45 and its 200-day moving average price is $19.25. Kate Spade & Co has a one year low of $14.02 and a one year high of $24.24.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Kate Spade & Co from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. BMO Capital Markets set a $19.00 price target on shares of Kate Spade & Co and gave the company a “hold” rating in a report on Thursday, July 6th. Wells Fargo & Company lowered shares of Kate Spade & Co from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $24.50 to $19.00 in a report on Tuesday, May 9th. William Blair lowered shares of Kate Spade & Co from an “outperform” rating to a “market perform” rating in a report on Monday, May 8th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $22.00 price target (down previously from $24.00) on shares of Kate Spade & Co in a report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price 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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