Research pros at Bank of America begun coverage on shares of Kate Spade & Company (NASDAQ: KATE) in a report released on The following friday. The firm set a "buy" rating on the stock.
The pros wrote, "The company's efforts to ensure tight distribution, limit outlet sexual penetration, and improve quality of products sold should enable it to avoid commonness, stay relevant and gain grip internationally…Our 11% comp estimate is generally above +HSD guidance and considers the company generates outperformance from products sold strength online and at the relocated regularly re-entering the comp in 3Q15. Our +12% 2016 comp look at assumes Kate continues to pull in return on its promotional cadence in 2012. "
Shares of Kate Spade & Company (NASDAQ: KATE) traded in up 0. 51% on The following friday, hitting $29. 35. The investing had a trading volume of 2, one hundred and five, 558 shares. Kate Spade + Company has a 1-year low of a $24. 07 and a 1-year most of $42. 87. The stock's 50-day moving average is $33. and the 200-day moving average is $31.. The company has a market cap of a $3. 74 billion and a price-to-earnings ratio of 23. 50.
Kate Spade & Company (NASDAQ: KATE) last issued its quarterly paychecks data on Thursday, May in 7th place. The company reported $0. 03 paychecks per share for the quarter, busting the analysts' consensus estimate of a $0. 02 by $0. 01. The company had revenue of $255. 00 million for the quarter, when compared to the consensus estimate of $244. 92 % of million. During the same quarter in 2009, the company posted ($0. 06) paychecks per share. Kate Spade + Company's revenue was up age 14. 2% compared to the same quarter in 2009. On average, analysts predict that Kate Spade & Company will comment $0. 54 earnings per contribute to for the current fiscal year.
Numerous analysts have also recently weighed through on KATE. Analysts at Nomura reiterated a "buy" rating and put a $36. 00 price handle on shares of Kate Spade & Company in a research be on Monday. Analysts at Mizuho reiterated a "buy" rating and put a $40. 00 price handle on shares of Kate Spade & Company in a research be on Sunday. Analysts at TheStreet downgraded shares of Kate Spade & Company from a "buy" evaluating to a "hold" rating in a look for note on Thursday, May in 7th place. Finally, analysts at Wunderlich reiterated a "buy" rating and set a new $39. 00 price target on the shares of Kate Spade + Company in a research note on the Thursday, May 7th. Two pros have rated the stock with a carry rating and four have issued a new buy rating to the company. Kate Spade & Company has an frequent rating of "Buy" and a normal target price of $38. 33.
Kate Spade & Co, formerly 5th & Pacific Companies Inc, habits and markets a portfolio of a retail-based, premium brands, including BRIGHT COUTURE, KATE SPADE and ROUTINE BRAND. The Company also has a private designer brand jewelry design and development division, which market segments brands through department stores and provides J. C.
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