Pacad Investment Ltd. trimmed its holdings in shares of Kate Spade & Co (NYSE:KATE) by 72.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,800 shares of the textile maker’s stock after selling 42,180 shares during the quarter. Pacad Investment Ltd.’s holdings in Kate Spade & Co were worth $292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Utah Retirement Systems grew its position in Kate Spade & Co by 0.4% during 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 during the period. Teacher Retirement System of Texas grew its position in Kate Spade & Co by 1.4% during 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 during the period. Great West Life Assurance Co. Can grew its position in Kate Spade & Co by 0.5% during 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 during the period. Advantus Capital Management Inc grew its position in Kate Spade & Co by 3.2% during 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 during the period. Finally, Capstone Asset Management Co. grew its position in Kate Spade & Co by 2.5% during the second quarter. Capstone Asset Management Co. now owns 23,295 shares of the textile maker’s stock valued at $431,000 after buying an additional 570 shares during the period. Institutional investors own 97.87% of the company’s stock.

Kate Spade & Co (NYSE KATE) opened at 18.49 on Friday. The stock has a 50 day moving average of $18.45 and a 200 day moving average of $19.25. Kate Spade & Co has a 12-month low of $14.02 and a 12-month high of $24.24.

Several brokerages have weighed in on KATE. BidaskClub raised shares of Kate Spade & Co from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research raised shares of Kate Spade & Co from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, BMO Capital Markets set a $19.00 price target on shares of Kate Spade & Co and gave the company a “hold” rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Kate Spade & Co presently has a consensus rating of “Hold” and an average target price of $20.80.

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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. 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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