Kate Spade & Company (KATE) Receives Price Target

Kate Spade & Company (KATE) : The most positive equity analysts on Kate Spade & Company (KATE) expects the shares to touch $29, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $21.89 with an expected fluctuation of $3.37 from the mean.

Kate Spade & Company (KATE) : 9 brokerage houses believe that Kate Spade & Company (KATE) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Kate Spade & Company (KATE). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 12 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.


Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Kate Spade & Company (NYSE:KATE). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $33 per share to $23 per share. The rating by the firm was issued on August 4, 2016.

Kate Spade & Company (NYSE:KATE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.63 and $18.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.86, notching a gain of 1.07% for the day. The total traded volume was 1,258,772 . The stock had closed at $18.66 on the previous day.

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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