Kate Spade & Co (KATE) Stake Lowered by Nationwide Fund Advisors

Share
Kate Spade & Co (KATE) Stake Lowered by Nationwide Fund Advisors

If the market is performing well and the stock is over-valued, KATE might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. Finally, Acrospire Investment Management LLC boosted its position in Kate Spade & Co by 51.2% in the first quarter. Institutional investors own 98.36% of the company's stock. Mik Capital LLC acquired a new position in shares of Kate Spade & Co during the third quarter valued at about $34,138,000. KCG Holdings Inc. boosted its position in shares of Kate Spade & Co by 10.9% in the third quarter. BlackRock Advisors LLC now owns 72,845 shares of the textile maker's stock worth $1,248,000 after buying an additional 1,479 shares during the period. Riverhead Capital Management LLC now owns 6,300 shares of the textile maker's stock valued at $108,000 after buying an additional 195 shares during the period.

Now the shares of Kate Spade & Company (KATE) has a trading volume of 7.3 Million shares, with an average trading volume of 22020 shares - with shares dropping to a 52 week low of $14.02, and the company's shares hitting a 52 week high of $ 24.24. The Stock now has a Weekly Volatility of 0.18% and Monthly Volatility of 2.26%.

The stock added in the prior trading session by 0.11%, closing at the stock price of $18.42. Envestnet Asset Management Inc. now owns 6,579 shares of the textile maker's stock valued at $122,000 after buying an additional 3,671 shares in the last quarter. The Beta for the stock stands at 1.62.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -0.88%, and has a poor year to date (YTD) performance of -1.34% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

The share of Kate Spade & Company (KATE) now has a value of $18.4 while the company's 52 week low is at $14.02, the shares dropped to the 52 week low on 12/22/16.

Now the P/E of Kate Spade & Company stands at 16.79.

Currently, EPS of Kate Spade & Company (KATE) is 0.01 while the analysts predicted the EPS of the stock to be 0.07 suggesting the company fell short of the analysts' expectations.

The company's expected revenue in the current quarter to be 335.76 Million, seeing a projected current quarter growth of 27.3%, and per annum growth estimates over the next 5 year period of around 23.75%. The Return on Equity (ROE) value stands at 37.7%.

Historically, if we look at price target revisions, two weeks ago Kate Spade & Co (NYSE:KATE)'s price target was revised on 4/19/17 by the analysts, however the bullish price estimates of the stock set at $27 while the bearish estimates kept at $20 over the next one year. The company is estimating to achieve earnings per share (EPS) growth of -21.10% in this year and the earnings per share (EPS) growth expected to be 6.34% in the next year. Analysts are expecting EPS growth rates to be at 593.60% this quarter and EPS estimate for next year reflect a 18.22% growth rate.

TRADEMARK VIOLATION NOTICE: This news story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and worldwide copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/05/19/kate-spade-co-kate-position-increased-by-louisiana-state-employees-retirement-system-updated.html.

Several research analysts recently issued reports on the stock.

Kate Spade & Company (KATE) will report its next earnings on May 03. Zacks Investment Research raised Kate Spade & Co from a sell rating to a hold rating and set a $25.00 target price on the stock in a research report on Friday, February 17th. Wunderlich reaffirmed a "buy" rating and issued a $24.00 price target on shares of Kate Spade & Co in a report on Thursday, February 16th. In contrast, KATE's 52 week high hovers at $24.24 with its current distance from 52 week high value is -24.09%.

Kate Spade & Co (NYSE:KATE) opened at 18.42 on Friday.

Some buy side analysts are also providing their Analysis on Kate Spade & Company, where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 17 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

Share

Advertisement

Related Posts

Cavs set NBA record with 41-point halftime lead
That one was critical to clinching Cleveland's first championship since the Browns won the National Football League title in 1964. We understand that this is a good team. "It's honestly just embarrassing", guard Avery Bradley said.

Trump told Russians that firing 'nut job' Comey relieved pressure on him
News reports that Comey had written memos about his conversations with Trump since January have fueled that aspect of the probe. He added, "The investigation would have always continued, and obviously, the termination of Comey would not have ended it".

White House Faces New Pressure on Comey, Russia
The Justice Department on Friday issued the text of Rosenstein's opening remarks for the briefings on Capitol Hill. President Trump meets with Russian Foreign Minister Sergey Lavrov (left) and Russian Ambassador to the U.S.

From American Airlines via CNN
He refused to comply when a flight attendant asked him to return to his seat, and then seemed to lunge at the cockpit door. American Airlines aircraft are parked at Ronald Reagan Washington National Airport in Washington, U.S., August 8, 2016.

Host Hotels and Resorts Inc (HST) Position Maintained by Henderson Group PLC
Following the sale, the insider now directly owns 93,231 shares in the company, valued at approximately $1,679,090.31. Susquehanna Bancshares Inc began coverage on shares of Park Hotels & Resorts in a report on Wednesday, April 26th.

Says Who? WaPo, NYT Blast Trump on Comey, Russia Through Anonymous Reports
Lavrov - on Syria, Ukraine and other issues - by saying that Russian meddling in last year's election had created enormous political problems for Mr.

Aishwarya dons princess look for Cannes red carpet appearance
Lets have a look a to the bunch of those pictures and we can assure that you will not be able to take your eyes off. Meanwhile, Deepika Padukone already graced the 70th worldwide film festival, Cannes , France on Wednesday.

U.S. releases 2 Turkish bodyguards after violence
McCain added: "It should have repercussions, including identifying these people and bringing charges against them". The United States sees YPG as the most effective force on the ground in the fight against IS group.

Trump kept pushing Comey for information on Russian Federation investigation, kept wanting loyalty
However, Mueller's appointment saw a rare consensus between Democrats and Republicans on Capitol Hill, who applauded the pick. When asked whether he had urged Comey to shut down the Flynn investigation, Trump quickly replied: "No.

Immigration arrests up almost 40 percent under Trump
Growers Association said he hasn't seen signs of a new crackdown, but an ongoing labor shortage is getting worse. The criminal convictions range from using a false Social Security card, to rape or murder.

© 2015 Vivere Milano. All Rights reserved.