Kate Spade & Co. (NYSE:KATE)‘s stock had its “outperform” rating reiterated by research analysts at Wells Fargo & Co. in a report issued on Wednesday. They presently have a $21.50 price target on the stock. Wells Fargo & Co.’s price objective indicates a potential upside of 23.56% from the stock’s current price.

Other research analysts also recently issued reports about the company. Citigroup Inc. lowered their target price on Kate Spade & Co. from $33.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Wunderlich decreased their price target on Kate Spade & Co. from $39.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. SunTrust Banks Inc. decreased their price target on Kate Spade & Co. from $25.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, August 4th. Wedbush decreased their price target on Kate Spade & Co. from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Finally, Telsey Advisory Group decreased their price target on Kate Spade & Co. from $30.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.54.

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

Kate Spade & Co. (NYSE:KATE) opened at 17.40 on Wednesday. Kate Spade & Co. has a 1-year low of $14.26 and a 1-year high of $26.46. The firm has a market capitalization of $2.23 billion, a P/E ratio of 17.45 and a beta of 1.67. The company has a 50-day moving average price of $17.07 and a 200 day moving average price of $19.78.

Kate Spade & Co. (NYSE:KATE) last announced its earnings results on Wednesday, November 2nd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Kate Spade & Co. had a return on equity of 27.34% and a net margin of 9.67%. The company had revenue of $317 million for the quarter, compared to the consensus estimate of $310.64 million. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 14.1% on a year-over-year basis. Analysts expect that Kate Spade & Co. will post $0.65 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. raised its position in Kate Spade & Co. by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 39,048 shares of the company’s stock valued at $669,000 after buying an additional 18,812 shares during the last quarter. Verition Fund Management LLC raised its position in Kate Spade & Co. by 50.5% in the third quarter. Verition Fund Management LLC now owns 21,503 shares of the company’s stock valued at $368,000 after buying an additional 7,215 shares during the last quarter. Mackenzie Financial Corp raised its position in Kate Spade & Co. by 10.6% in the third quarter. Mackenzie Financial Corp now owns 118,151 shares of the company’s stock valued at $2,024,000 after buying an additional 11,310 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Kate Spade & Co. during the third quarter valued at approximately $3,007,000. Finally, Moore Capital Management LP acquired a new position in Kate Spade & Co. during the third quarter valued at approximately $7,709,000.

Kate Spade & Co. Company Profile

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments, which include KATE SPADE North America, KATE SPADE International and Adelington Design Group. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America.

5 Day Chart for NYSE:KATE

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