Kate Spade & Co (KATE) Announces Quarterly Earnings
Kate Spade & Co (NASDAQ:KATE) posted its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, American Banking News.com reports. The company had revenue of $266.00 million for the quarter, compared to the consensus estimate of $237.83 million.
A number of analysts have recently weighed in on KATE shares. Analysts at BMO Capital Markets initiated coverage on shares of Kate Spade & Co in a research note on Tuesday, July 8th. They set an “outperform” rating and a $48.00 price target on the stock. On the ratings front, analysts at Nomura reiterated a “buy” rating on shares of Kate Spade & Co in a research note on Thursday, May 15th. They now have a $43.00 price target on the stock, up previously from $41.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Kate Spade & Co in a research note on Thursday, May 15th. They now have a $44.00 price target on the stock, up previously from $42.00. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.60.
Kate Spade & Co (NASDAQ:KATE) opened at 38.87 on Tuesday. Kate Spade & Co has a 52-week low of $22.99 and a 52-week high of $40.84. The stock’s 50-day moving average is $38.38 and its 200-day moving average is $35.60. The company has a market cap of $4.919 billion and a P/E ratio of 28.20.
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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