Kate Spade & Company (NYSE:KATE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.55 by 11 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Kate Spade & Company (NYSE:KATE). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $33 per share from a prior target of $32. The rating by the firm was issued on May 5, 2016.
Kate Spade & Company (NYSE:KATE) shares are expected to touch $30.11 in the short term. This short term price target has been shared by 9 analysts. However, the standard deviation of short term price estimate has been valued at 3.89. The target price could hit $39 on the higher end and $25 on the lower end.
Kate Spade & Company (NYSE:KATE) rose 0.9% or 0.19 points on Tuesday and made its way into the gainers of the day. After trading began at $21.25 the stock was seen hitting $21.47 as a peak level and $21.04 as the lowest level. The stock ended up at $21.36. The daily volume was measured at 1,353,587 shares. The 52-week high of the share price is $26.46 and the 52-week low is $15.1. The company has a market cap of $2,734 million.
Shares of Kate Spade & Company appreciated by 9.26% during the last five trading days but lost 3.44% on a 4-week basis. Kate Spade & Company has dropped 13.59% during the last 3-month period . Year-to-Date the stock performance stands at 20.2%.
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.