Kate Spade & Company (KATE) : Analyst Rating Update

Kate Spade & Company (KATE) : 8 brokerage houses believe that Kate Spade & Company (KATE) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Kate Spade & Company (KATE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.55.

Kate Spade & Company (KATE) : The most positive equity analysts on Kate Spade & Company (KATE) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $30.11 with an expected fluctuation of $3.89 from the mean.

Kate Spade & Company (NYSE:KATE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.81 and $19.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.06, notching a gain of 0.80% for the day. The total traded volume was 2,595,010 . The stock had closed at $19.90 on the previous day.

Also, Brokerage firm Citigroup maintains its rating on Kate Spade & Company (NYSE:KATE). As per the latest information, the brokerage house raises the price target to $33 per share from a prior target of $32. The shares have been rated Buy. The rating by the firm was issued on May 5, 2016. The company shares have dropped -0.45% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $26.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $21.13 and the 200 Day Moving Average price is recorded at $21.03.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.