Kate Spade & Co. (NYSE:KATE) was downgraded by research analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday.

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

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

Kate Spade & Co. (NYSE:KATE) opened at 16.29 on Tuesday. The stock has a 50 day moving average of $16.96 and a 200-day moving average of $19.35. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 16.34 and a beta of 1.67. Kate Spade & Co. has a 52-week low of $14.26 and a 52-week high of $26.46.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC increased its position in Kate Spade & Co. by 61.4% in the third quarter. Mycio Wealth Partners LLC now owns 6,310 shares of the company’s stock worth $108,000 after buying an additional 2,400 shares during the period. Riverhead Capital Management LLC increased its position in Kate Spade & Co. by 3.2% in the third quarter. Riverhead Capital Management LLC now owns 6,300 shares of the company’s stock worth $108,000 after buying an additional 195 shares during the period. D.A. Davidson & CO. increased its position in Kate Spade & Co. by 1.9% in the third quarter. D.A. Davidson & CO. now owns 6,631 shares of the company’s stock worth $112,000 after buying an additional 123 shares during the period. Advisor Group Inc. increased its position in Kate Spade & Co. by 5.0% in the third quarter. Advisor Group Inc. now owns 6,885 shares of the company’s stock worth $118,000 after buying an additional 329 shares during the period. Finally, LS Investment Advisors LLC increased its position in Kate Spade & Co. by 5.6% in the third quarter. LS Investment Advisors LLC now owns 8,314 shares of the company’s stock worth $142,000 after buying an additional 439 shares during the period. 99.45% of the stock is owned by hedge funds and other institutional investors.

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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