Analyst Rating Update on Kate Spade & Company (KATE)

Kate Spade & Company (KATE) : 11 analysts are covering Kate Spade & Company (KATE) and their average rating on the stock is 1.55, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Kate Spade & Company (KATE) : The highest short term price target forecast on Kate Spade & Company (KATE) is $39 and the lowest target price is $25. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $30.38 with a standard deviation of $4.07.

For the current week, the company shares have a recommendation consensus of Buy. Also, William Blair initiates coverage on Kate Spade & Company (NYSE:KATE). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on July 12, 2016.


Kate Spade & Company (NYSE:KATE): The stock opened at $16.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.58 for the day. The stock traded down to $15.66 during the day, due to lack of any buying support eventually closed down at $16.47 with a loss of -18.22% for the day. The stock had closed at $20.14 on the previous day. The total traded volume was 26,301,838 shares.

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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