Kate Spade & Co. (NYSE:KATE) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Wednesday. The brokerage currently has a $20.75 target price on the stock. Vetr‘s target price points to a potential upside of 12.89% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Citigroup Inc. restated a “buy” rating and set a $33.00 price target on shares of Kate Spade & Co. in a research note on Saturday, June 4th. Wunderlich cut their price objective on shares of Kate Spade & Co. from $39.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research lowered shares of Kate Spade & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Wedbush cut their price objective on shares of Kate Spade & Co. from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Finally, SunTrust Banks Inc. cut their price objective on shares of Kate Spade & Co. from $25.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $24.20.

Analyst Recommendations for Kate Spade & Co. (NYSE:KATE)

Kate Spade & Co. (NYSE:KATE) opened at 18.38 on Wednesday. The stock has a market cap of $2.35 billion, a PE ratio of 23.00 and a beta of 2.17. The company’s 50 day moving average is $18.64 and its 200-day moving average is $21.71. Kate Spade & Co. has a 1-year low of $15.10 and a 1-year high of $26.46.

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Kate Spade & Co. (NYSE:KATE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. Kate Spade & Co. had a net margin of 7.86% and a return on equity of 28.45%. The business had revenue of $320 million for the quarter, compared to analyst estimates of $318.55 million. During the same quarter in the prior year, the business posted $0.08 EPS. Kate Spade & Co.’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Kate Spade & Co. will post $0.65 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Advisor Group Inc. acquired a new stake in shares of Kate Spade & Co. during the second quarter worth approximately $134,000. LS Investment Advisors LLC boosted its stake in shares of Kate Spade & Co. by 65.5% in the second quarter. LS Investment Advisors LLC now owns 7,875 shares of the company’s stock worth $162,000 after buying an additional 3,118 shares during the period. Invictus RG acquired a new stake in shares of Kate Spade & Co. during the second quarter worth approximately $163,000. PNC Financial Services Group Inc. boosted its stake in shares of Kate Spade & Co. by 155.5% in the second quarter. PNC Financial Services Group Inc. now owns 9,589 shares of the company’s stock worth $198,000 after buying an additional 5,836 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Kate Spade & Co. during the second quarter worth approximately $222,000.

Kate Spade & Co. Company Profile

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments, which include KATE SPADE North America, KATE SPADE International and Adelington Design Group. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America.

5 Day Chart for NYSE:KATE

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