Kate Spade & Co. (NYSE:KATE) was downgraded by equities researchers at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Wednesday.

Other analysts have also issued research reports about the stock. Citigroup Inc. reduced their price target on shares of Kate Spade & Co. from $33.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Wunderlich reduced their price target on shares of Kate Spade & Co. from $39.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. SunTrust Banks Inc. reduced their price target on shares of Kate Spade & Co. from $25.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, August 4th. Wedbush reduced their price target on shares of Kate Spade & Co. from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Finally, Telsey Advisory Group reduced their price target on shares of Kate Spade & Co. from $30.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Kate Spade & Co. has an average rating of “Buy” and an average price target of $22.72.

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

Shares of Kate Spade & Co. (NYSE:KATE) opened at 16.35 on Wednesday. The firm’s 50-day moving average price is $16.90 and its 200 day moving average price is $19.27. The company has a market cap of $2.09 billion, a PE ratio of 16.40 and a beta of 1.67. Kate Spade & Co. has a 12 month low of $14.26 and a 12 month high of $26.46.

Kate Spade & Co. (NYSE:KATE) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The firm had revenue of $317 million for the quarter, compared to analyst estimates of $310.64 million. Kate Spade & Co. had a net margin of 9.67% and a return on equity of 27.34%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. Equities research analysts anticipate that Kate Spade & Co. will post $0.65 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $108,000 after buying an additional 2,400 shares in the last quarter. 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 valued at $108,000 after buying an additional 195 shares in the last quarter. 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 valued at $112,000 after buying an additional 123 shares in the last quarter. 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 valued at $118,000 after buying an additional 329 shares in the last quarter. 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 valued at $142,000 after buying an additional 439 shares in the last quarter. Institutional investors own 99.45% of the company’s stock.

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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. 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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