Janney Montgomery Scott LLC acquired a new stake in shares of Kate Spade & Company (NYSE:KATE) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,494 shares of the textile maker’s stock, valued at approximately $546,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KATE. Profund Advisors LLC boosted its position in Kate Spade & Company by 3.4% in the first quarter. Profund Advisors LLC now owns 17,669 shares of the textile maker’s stock valued at $410,000 after buying an additional 589 shares during the last quarter. Quotient Investors LLC acquired a new stake in shares of Kate Spade & Company during the first quarter worth approximately $229,000. Louisiana State Employees Retirement System boosted its stake in shares of Kate Spade & Company by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the textile maker’s stock worth $753,000 after buying an additional 700 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Kate Spade & Company during the first quarter worth approximately $1,089,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Kate Spade & Company during the first quarter worth approximately $210,000. 98.55% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Kate Spade & Company (NYSE:KATE)

Kate Spade & Company (NYSE KATE) traded up 0.22% during trading on Friday, reaching $18.51. 3,380,643 shares of the company’s stock traded hands. The firm has a market capitalization of $2.38 billion, a PE ratio of 16.66 and a beta of 1.64. The company has a 50-day moving average price of $18.18 and a 200 day moving average price of $19.06. Kate Spade & Company has a one year low of $14.02 and a one year high of $24.24.

Kate Spade & Company (NYSE:KATE) last posted its quarterly earnings data on Tuesday, April 18th. The textile maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $271 million for the quarter, compared to analysts’ expectations of $299.08 million. Kate Spade & Company had a return on equity of 22.47% and a net margin of 10.40%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. On average, analysts anticipate that Kate Spade & Company will post $0.78 earnings per share for the current fiscal year.

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A number of analysts have commented on KATE shares. Wunderlich reaffirmed a “buy” rating and set a $24.00 target price on shares of Kate Spade & Company in a report on Thursday, February 16th. Cowen and Company reaffirmed a “market perform” rating and set a $23.00 target price (up from $20.00) on shares of Kate Spade & Company in a report on Thursday, February 16th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $24.50 target price (up from $23.50) on shares of Kate Spade & Company in a report on Thursday, February 16th. Mizuho upped their target price on shares of Kate Spade & Company from $21.00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 17th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on shares of Kate Spade & Company from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.87.

Kate Spade & Company 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).

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