Analyst Rating Update on Kate Spade & Company (KATE)

Kate Spade & Company (NYSE:KATE) : Zacks Investment Research ranks Kate Spade & Company (NYSE:KATE) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.55, which indicates as a Buy.

Kate Spade & Company (NYSE:KATE) : The consensus price target for Kate Spade & Company (NYSE:KATE) is $30.11 for the short term with a standard deviation of $3.89. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $39, however, the pessimist price target for the company is $25.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Citigroup maintains its ratings on Kate Spade & Company (NYSE:KATE). In the latest research report, Citigroup raises the target price from $32 per share to $33 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on May 5, 2016.

Kate Spade & Company (NYSE:KATE): stock turned positive on Tuesday. Though the stock opened at $19.17, the bulls momentum made the stock top out at $19.825 level for the day. The stock recorded a low of $19.14 and closed the trading day at $19.63, in the green by 4.14%. The total traded volume for the day was 2,317,898. The stock had closed at $18.85 in the previous days trading.

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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