Bank of Montreal Can decreased its stake in Kate Spade & Co (NYSE:KATE) by 82.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 23,901 shares of the textile maker’s stock after selling 110,865 shares during the period. Bank of Montreal Can’s holdings in Kate Spade & Co were worth $443,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Neuburgh Advisers LLC boosted its position in Kate Spade & Co by 16.0% in the first quarter. Neuburgh Advisers LLC now owns 4,774 shares of the textile maker’s stock valued at $111,000 after buying an additional 660 shares during the last quarter. Tyers Asset Management LLC boosted its position in Kate Spade & Co by 16.0% in the first quarter. Tyers Asset Management LLC now owns 6,076 shares of the textile maker’s stock valued at $141,000 after buying an additional 840 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Kate Spade & Co by 51.2% in the first quarter. Acrospire Investment Management LLC now owns 6,825 shares of the textile maker’s stock valued at $159,000 after buying an additional 2,310 shares during the last quarter. Flinton Capital Management LLC boosted its position in Kate Spade & Co by 16.0% in the first quarter. Flinton Capital Management LLC now owns 7,378 shares of the textile maker’s stock valued at $171,000 after buying an additional 1,020 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Kate Spade & Co by 10.9% in the first quarter. IFP Advisors Inc now owns 8,172 shares of the textile maker’s stock valued at $190,000 after buying an additional 800 shares during the last quarter. 97.87% of the stock is owned by institutional investors.

Kate Spade & Co (NYSE KATE) remained flat at $18.49 during midday trading on Tuesday. 7,789,960 shares of the company were exchanged. The firm’s 50-day moving average is $18.45 and its 200 day moving average is $19.25. Kate Spade & Co has a 1-year low of $14.02 and a 1-year high of $24.24.

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Several research analysts recently commented on KATE shares. William Blair cut Kate Spade & Co from an “outperform” rating to a “market perform” rating in a research note on Monday, May 8th. BidaskClub downgraded Kate Spade & Co from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BMO Capital Markets set a $19.00 price target on Kate Spade & Co and gave the stock a “hold” rating in a report on Thursday, July 6th. Wunderlich decreased their price target on Kate Spade & Co from $24.00 to $18.50 and set a “buy – hold” rating for the company in a report on Monday, May 8th. Finally, Wells Fargo & Company downgraded Kate Spade & Co from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $24.50 to $19.00 in a report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

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