Thursday, 27 April, 2017

Kate Spade (NYSE:KATE) Reviewed By Analysts

Bullish Option Activity In Kate Spade May Suggest A Decent Premium Is Still In The Cards Kate Spade & Co (NYSE:KATE) has been downgraded to Hold in a statement by Zacks Investment Research earlier
Juana Turner | 21 April, 2017, 00:35

Gross profit was up to 63.2% for the quarter compared to 61.8% in the same period previous year.

More recently, Coach has emerged as the most likely buyer, with analysts estimating that the buyout sum could top $2 billion.

Kate Spade had its "hold" rating reiterated by analysts at Wunderlich.

Kate Spade & Company (KATE)'s distance from 200 day simple moving average is -4.14 percent, its distance from 50 day simple moving average is -17.14 percent, while its distance from 20 day simple moving average is -15.6 percent. Finally, Mizuho raised their target price on shares of Kate Spade & Co from $21.00 to $25.00 and gave the stock a buy rating in a report on Friday, February 17th.

Beta is also an important valuation ratio for analyzing the stock of the company, KATE has Beta of 1.7 while its industry and Sector's beta remains at 1.36 and 1.31 respectively. The business had revenue of $271 million for the quarter, compared to analysts' expectations of $299.08 million. The current share price indicates that stock is -31.37% away from its one year high and is moving 29.53% ahead of its 52-week low. Equities analysts forecast that Kate Spade & Co will post $0.87 earnings per share for the current fiscal year. The stock has a consensus rating of "Hold" and an average price target of $22.73. Annual EPS Growth of past 5 years is 0.50%. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

Kate Spade & Company (NYSE:KATE) yearly performance is -26.39% and net profit margin is 11.10%. Kate Spade & Company (NYSE:KATE) RSI now stands at 18.96.

ILLEGAL ACTIVITY NOTICE: "Kate Spade & Co (KATE) Posts Earnings Results, Misses Estimates By $0.06 EPS" was first published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & worldwide trademark and copyright laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/04/20/kate-spade-co-kate-receives-market-perform-rating-from-cowen-and-company.html. The FactSet consensus was for a 3.4% increase. Riverhead Capital Management LLC now owns 6,300 shares of the textile maker's stock worth $108,000 after buying an additional 195 shares in the last quarter.

Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 3 analysts "outperform", 12 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Ltd. acquired a new stake in shares of Kate Spade & Co during the fourth quarter valued at $127,000.

01/25/2017 - Kate Spade was downgraded to " by analysts at Telsey Advisory Group.

Despite declines, Kate Spade has attracted interest from at least six potential bidders in recent months, after activist firm Caerus Investors in November penned a letter to the company urging it to consider a sale. It operates through three segments.

Analysts' mean recommendation for Kate Spade & Company (KATE) stands at 2.40.

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