Kate Spade & Company (KATE) Shares are Up 2.74%

Kate Spade & Company (KATE) has been under a strong bear grip, hence the stock is down -9.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.78% in the past 1 week. The stock has risen by 2.74% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.36% in the past 4 weeks.

Kate Spade & Company has dropped 11.98% during the last 3-month period . Year-to-Date the stock performance stands at 9.57%. The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 3.43%.


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 $19.17 and $18.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.47, notching a gain of 1.25% for the day. The total traded volume was 2,749,141 . The stock had closed at $19.23 on the previous day.

Also, Citigroup maintains its rating on Kate Spade & Company (NYSE:KATE). The global brokerage major lowers the current price target from $33 per share to $23 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on August 4, 2016.

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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