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Kate Spade & Co (NASDAQ:KATE)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Thursday, Analyst RN reports. They currently have a $44.00 price target on the stock, up from their previous price target of $42.00. Citigroup Inc.’s target price would indicate a potential upside of 17.02% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Kate Spade & Co from $40.00 to $43.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $43.18.

Kate Spade & Co (NASDAQ:KATE) traded down 3.19% during mid-day trading on Thursday, hitting $36.40. The stock had a trading volume of 1,034,943 shares. Kate Spade & Co has a 52-week low of $19.90 and a 52-week high of $40.75. The stock’s 50-day moving average is $34.7 and its 200-day moving average is $32.69. The company has a market cap of $4.492 billion and a price-to-earnings ratio of 63.73.

Kate Spade & Co (NASDAQ:KATE) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.02. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $201.28 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 42.7% on a year-over-year basis. Analysts expect that Kate Spade & Co will post $0.25 EPS for the current fiscal year.

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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