Share on StockTwits

Kate Spade & Co (NASDAQ:KATE)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a report issued on Wednesday. They currently have a $34.00 price target on the stock, down from their previous price target of $44.00. Citigroup Inc.’s target price suggests a potential upside of 17.24% from the stock’s previous close.

A number of other analysts have also recently weighed in on KATE. Analysts at Telsey Advisory Group cut their price target on shares of Kate Spade & Co from $43.00 to $38.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.60.

Shares of Kate Spade & Co (NASDAQ:KATE) traded up 8.72% during mid-day trading on Wednesday, hitting $31.53. 10,111,150 shares of the company’s stock traded hands. Kate Spade & Co has a 1-year low of $22.99 and a 1-year 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 $3.990 billion and a price-to-earnings ratio of 21.32. Kate Spade & Co also was the recipient of some unusual options trading on Tuesday. Stock traders bought 37,354 call options on the stock. This represents an increase of approximately 1,687% compared to the average daily volume of 2,090 call options.

Kate Spade & Co (NASDAQ:KATE) last posted its quarterly earnings results 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.