William Blair Initiates Coverage on Kate Spade & Co to Outperform

William Blair Initiates Coverage on Kate Spade & Co(NYSE:KATE). The shares have been rated Outperform. The rating by William Blair was issued on Jul 12, 2016.

In a different note, On May 5, 2016, Citigroup said it Maintains its rating on Kate Spade & Co. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Goldman Sachs said it Maintains its rating on Kate Spade & Co. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Neutral’ by the firm.

Kate Spade & Co (KATE) made into the market gainers list on Fridays trading session with the shares advancing 0.19% or 0.04 points. Due to strong positive momentum, the stock ended at $21.06, which is also near the day’s high of $21.34. The stock began the session at $21.11 and the volume stood at 32,16,112 shares. The 52-week high of the shares is $26.46 and the 52 week low is $15.1. The company has a current market capitalization of $2,695 M and it has 12,79,79,386 shares in outstanding.

Kate Spade & Co(KATE) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $274.42M. Analysts had an estimated revenue of $270.92M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On May 13, 2015, Doreen A Toben (director) sold 594 shares at $29.04 per share price.

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 Company’s kate spade new york KATE SPADE SATURDAY and JACK SPADE brands in North America. KATE SPADE International segment consists of the Company’s 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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