Kate Spade & Co (KATE) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $39 . Wunderlich advised their investors in a research report released on Aug 3, 2016.
On the company’s financial health, Kate Spade & Co reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.14. The company had revenue of $320.00 million for the quarter, compared to analysts expectations of $318.20 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Kate Spade & Co closed down -1.36 points or -6.33% at $20.14 with 38,86,868 shares getting traded on Tusday. Post opening the session at $21.46, the shares hit an intraday low of $20.07 and an intraday high of $21.55 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, 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 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.