Kate Spade & Co (KATE) Getting Somewhat Positive Press Coverage, Report Finds
News coverage about Kate Spade & Co (NYSE:KATE) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kate Spade & Co earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 45.4907236075752 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Stitch Fix Adds 100+ Premium Brands to Popular Personal Styling Service (newkerala.com)
- Isla Fisher Leopard Print Jacket (popsugar.co.uk)
- Isn’t she fetching! Pippa Matthews looks chic in Kate Spade as she steps out for a stroll with her two dogs in West London (dailymail.co.uk)
- Retail app maker Tulip raises $40 mln from Kleiner Perkins, others – Business Insider (businessinsider.com)
Kate Spade & Co (KATE) remained flat at $18.49 during mid-day trading on Tuesday. The company’s stock had a trading volume of 7,789,960 shares. Kate Spade & Co has a 52-week low of $14.02 and a 52-week high of $24.24. The company has a 50-day moving average price of $18.45 and a 200-day moving average price of $19.25.
A number of brokerages recently commented on KATE. BidaskClub downgraded Kate Spade & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BMO Capital Markets set a $19.00 price target on Kate Spade & Co and gave the company a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised Kate Spade & Co from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. William Blair downgraded Kate Spade & Co from an “outperform” rating to a “market perform” rating in a research report on Monday, May 8th. Finally, Buckingham Research reaffirmed a “neutral” rating on shares of Kate Spade & Co in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Kate Spade & Co presently has an average rating of “Hold” and an average target price of $20.80.
About Kate Spade & Co
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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