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.
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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.