Stocks of Kate Spade & Company (NYSE:KATE) rallied by 1.92% during the past week but lost 6.46% on a 4-week basis. The company has outperformed the S&P 500 by 3.14% in the past week but underperformed the index by 7.32% in the last 4 weeks.
Kate Spade & Company (NYSE:KATE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.24 and $20.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.69, notching a gain of 2.63% for the day. The total traded volume was 1,716,357 . The stock had closed at $20.16 on the previous day.
The company shares have dropped -17.21% 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 $22.33 and the 200 Day Moving Average price is recorded at $20.83.
Many analysts have stated their opinion 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. Currently the company Insiders own 0.82% of Kate Spade & Company shares according to the proxy statements.
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.