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Kate Spade & Co (NASDAQ:KATE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Thursday. The firm currently has a $32.80 target price on the stock. Zacks‘s price objective indicates a potential upside of 4.96% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of Kate Spade & Co in a research note on Wednesday. They now have a $38.00 price target on the stock, down previously from $43.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Kate Spade & Co in a research note on Wednesday. They now have a $34.00 price target on the stock, down previously from $44.00. Finally, 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.13.

Kate Spade & Co (NASDAQ:KATE) traded down 0.64% on Thursday, hitting $31.05. 3,549,359 shares of the company’s stock traded hands. Kate Spade & Co has a 52-week low of $22.99 and a 52-week high of $42.87. The stock’s 50-day moving average is $37.88 and its 200-day moving average is $35.62. The company has a market cap of $3.929 billion and a price-to-earnings ratio of 22.98. Kate Spade & Co also was the target of some unusual options trading activity on Tuesday. Traders bought 37,354 call options on the stock. This represents an increase of 1,687% compared to the typical 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 earnings per share for the quarter, beating the analysts’ 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.

To view Zacks’ full report, visit Zacks’ official website.

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