Kate Spade & Co (KATE) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Kate Spade & Co (NASDAQ:KATE) released its earnings data on Wednesday. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.02, Stock Ratings Network.com reports. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $201.28 million.
Kate Spade & Co (NASDAQ:KATE) opened at 34.65 on Wednesday. Kate Spade & Co has a 1-year low of $19.90 and a 1-year high of $40.75. The stock’s 50-day moving average is $34.82 and its 200-day moving average is $32.61. The company has a market cap of $4.276 billion and a P/E ratio of 59.58.
A number of research firms have recently commented on KATE. Analysts at Nomura initiated coverage on shares of Kate Spade & Co in a research note on Friday, May 2nd. They set a “buy” rating and a $41.00 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of Kate Spade & Co from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 27th. They now have a $37.90 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Kate Spade & Co in a research note on Tuesday, March 18th. They set an “overweight” rating and a $50.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Kate Spade & Co has an average rating of “Buy” and a consensus target price of $42.23.
Kate Spade & Co, formerly Fifth & Pacific Companies Inc, designs and markets a portfolio of retail-based, premium brands, including JUICY COUTURE, KATE SPADE and LUCKY BRAND.
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