Wedbush Securities Inc. purchased a new stake in shares of Kate Spade & Co (NYSE:KATE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,700 shares of the textile maker’s stock, valued at approximately $253,000.

A number of other hedge funds have also recently added to or reduced their stakes in KATE. Utah Retirement Systems raised its stake in Kate Spade & Co by 0.4% in the first quarter. Utah Retirement Systems now owns 23,300 shares of the textile maker’s stock valued at $541,000 after buying an additional 100 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Kate Spade & Co by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 10,276 shares of the textile maker’s stock valued at $190,000 after buying an additional 137 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Kate Spade & Co by 0.5% in the second quarter. Great West Life Assurance Co. Can now owns 77,595 shares of the textile maker’s stock valued at $1,433,000 after buying an additional 400 shares in the last quarter. Capstone Asset Management Co. raised its stake in Kate Spade & Co by 2.1% in the first quarter. Capstone Asset Management Co. now owns 22,725 shares of the textile maker’s stock valued at $528,000 after buying an additional 470 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in Kate Spade & Co by 3.2% in the first quarter. Advantus Capital Management Inc now owns 16,426 shares of the textile maker’s stock valued at $382,000 after buying an additional 502 shares in the last quarter. Institutional investors own 97.87% of the company’s stock.

Kate Spade & Co (KATE) opened at 18.49 on Monday. The company’s 50-day moving average is $18.45 and its 200-day moving average is $19.25. Kate Spade & Co has a 52-week low of $14.02 and a 52-week high of $24.24.

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Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of Kate Spade & Co from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Kate Spade & Co from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Instinet lowered shares of Kate Spade & Co from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $18.50 in a research report on Tuesday, May 9th. Nomura reiterated a “neutral” rating and issued a $18.50 target price on shares of Kate Spade & Co in a research report on Tuesday, May 9th. Finally, Buckingham Research reiterated a “neutral” rating on shares of Kate Spade & Co in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.80.

Kate Spade & Co 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).

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

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