Vanguard Group Inc. increased its holdings in Kate Spade & Co (NYSE:KATE) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,197,435 shares of the textile maker’s stock after buying an additional 188,228 shares during the period. Vanguard Group Inc.’s holdings in Kate Spade & Co were worth $188,551,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BT Investment Management Ltd purchased a new stake in shares of Kate Spade & Co in the second quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kate Spade & Co by 42.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,546 shares of the textile maker’s stock worth $103,000 after buying an additional 1,647 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of 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 worth $190,000 after buying an additional 137 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Kate Spade & Co in the first quarter worth $220,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Kate Spade & Co in the second quarter worth $253,000. Institutional investors own 97.87% of the company’s stock.

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A number of brokerages recently issued reports on KATE. BMO Capital Markets set a $19.00 price objective on Kate Spade & Co and gave the stock a “hold” rating in a research report on Thursday, July 6th. BidaskClub downgraded Kate Spade & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.46.

Kate Spade & Co 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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