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Investment analysts at Telsey Advisory Group dropped their target price on shares of Kate Spade & Co (NASDAQ:KATE) from $43.00 to $38.00 in a note issued to investors on Wednesday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 31.03% from the company’s current price.

KATE has been the subject of a number of other recent research reports. 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. Separately, 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. Kate Spade & Co presently has an average rating of “Buy” and a consensus price target of $44.60.

Kate Spade & Co (NASDAQ:KATE) opened at 29.00 on Wednesday. Kate Spade & Co has a 52-week low of $22.99 and a 52-week high of $42.87. The stock has a 50-day moving average of $38.09 and a 200-day moving average of $35.65. The company has a market cap of $3.670 billion and a price-to-earnings ratio of 21.32.

Kate Spade & Co (NASDAQ:KATE) last released its earnings data on Tuesday, August 12th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.06. The company had revenue of $266.00 million for the quarter, compared to the consensus estimate of $237.83 million. On average, analysts predict that Kate Spade & Co will post $0.24 earnings per share 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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