Kate Spade & Co (KATE) – Research Analysts’ Weekly Ratings Updates

Kate Spade & Co (NYSE: KATE) recently received a number of ratings updates from brokerages and research firms:

  • 5/9/2017 – Kate Spade & Co was downgraded by analysts at Instinet from a “buy” rating to a “neutral” rating. They now have a $18.50 price target on the stock, down previously from $25.00.
  • 5/9/2017 – Kate Spade & Co was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating. They now have a $19.00 price target on the stock, down previously from $24.50.
  • 5/9/2017 – Kate Spade & Co had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $18.50 price target on the stock.
  • 5/9/2017 – Kate Spade & Co had its “neutral” rating reaffirmed by analysts at Buckingham Research.
  • 5/8/2017 – Kate Spade & Co was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 5/8/2017 – Kate Spade & Co had its price target lowered by analysts at Wunderlich from $24.00 to $18.50. They now have a “buy – hold” rating on the stock.
  • 4/24/2017 – Kate Spade & Co was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Kate Spade & Company engages in designing and marketing accessories and apparel under three global, multichannel lifestyle brands: Kate spade New York, Kate Spade Saturday and Jack Spade. The company offers apparel, handbags, briefcases, travel bags, small leather goods, tabletop products, legwear, bedding, stationery, jewelry, apparel, footwear, optics, fragrances, electronics cases, fashion accessories, beauty, and home décor products. Kate Spade & Company, formerly known as Fifth & Pacific Companies, Inc., is based in New York. “
  • 4/22/2017 – Kate Spade & Co had its “neutral” rating reaffirmed by analysts at Citigroup Inc. They now have a $22.00 price target on the stock, down previously from $24.00.
  • 4/19/2017 – Kate Spade & Co had its “buy” rating reaffirmed by analysts at Wunderlich. They now have a $24.00 price target on the stock.
  • 4/19/2017 – Kate Spade & Co had its price target lowered by analysts at Cowen and Company from $27.00 to $21.00. They now have a “market perform” rating on the stock.
  • 4/18/2017 – Kate Spade & Co was given a new $19.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 4/18/2017 – Kate Spade & Co had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 4/11/2017 – Kate Spade & Co was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Kate Spade & Company engages in designing and marketing accessories and apparel under three global, multichannel lifestyle brands: Kate spade New York, Kate Spade Saturday and Jack Spade. The company offers apparel, handbags, briefcases, travel bags, small leather goods, tabletop products, legwear, bedding, stationery, jewelry, apparel, footwear, optics, fragrances, electronics cases, fashion accessories, beauty, and home décor products. Kate Spade & Company, formerly known as Fifth & Pacific Companies, Inc., is based in New York. “
  • 4/4/2017 – Kate Spade & Co was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $25.44 price target on the stock.
  • 3/28/2017 – Kate Spade & Co was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $25.44 price target on the stock.
  • 3/27/2017 – Kate Spade & Co was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $23.96 price target on the stock.
  • 3/22/2017 – Kate Spade & Co was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $24.00 price target on the stock.

Shares of Kate Spade & Co (NYSE:KATE) traded up 0.05% during mid-day trading on Friday, reaching $18.43. The company’s stock had a trading volume of 2,898,433 shares. The stock has a market capitalization of $2.37 billion, a P/E ratio of 16.59 and a beta of 1.62. Kate Spade & Co has a 12-month low of $14.02 and a 12-month high of $24.24. The company’s 50-day moving average price is $18.68 and its 200-day moving average price is $18.75.

Kate Spade & Co (NYSE:KATE) last released its quarterly earnings data on Tuesday, April 18th. The textile maker reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 had revenue of $271 million during the quarter, compared to the consensus estimate of $299.08 million. During the same period in the previous year, the firm earned $0.05 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Kate Spade & Co will post $0.78 earnings per share for the current fiscal year.

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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