Analyst Price Target Update on Kate Spade & Company (NYSE:KATE)

Kate Spade & Company (NYSE:KATE): The mean short term price target for Kate Spade & Company (NYSE:KATE) has been established at $30.11 per share. The higher price target estimate is at $39 and the lower price target estimate is expected at $25 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $3.89

Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup maintains the rating on Kate Spade & Company (NYSE:KATE). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $32 per share to $33 per share. The rating by the firm was issued on May 5, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Kate Spade & Company (NYSE:KATE) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.44 points or 2.17% at $19.86 with 1,784,605 shares getting traded. Post opening the session at $20.15, the shares hit an intraday low of $19.86 and an intraday high of $20.42 and the price was in this range throughout the day. The company has a market cap of $2,542 million and the number of outstanding shares have been calculated to be 127,979,386 shares. The 52-week high of Kate Spade & Company (NYSE:KATE) is $26.46 and the 52-week low is $15.1.

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments: KATE SPADE North America, KATE SPADE International and Adelington Design Group. KATE SPADE North America segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America. KATE SPADE International segment consists of the Companys kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in International markets. Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands, and the licensed LIZ CLAIBORNE NEW YORK brand. The Company operates specialty retail stores, outlet stores and concession stores.

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