Kate Spade & Company (NYSE:KATE) registered a -1.89% decrease, still its new closing price is 29.67% up from the company’s 1 year high of 26.46.It posted -2.62% losses in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 19 stock analysts following this company have an average price target at $19.87, with individual PT in the $15.00-$25.00 range. The shares moved at $18.18, implying that brokerage firms see shares losing about -2.10% in twelve months time.
Kate Spade & Company (KATE) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -2.62% fall year to date. A Chief Creative Officer at Kate Spade & Company (KATE) offloaded shares in a transaction closed on Tuesday December 20, 2016. Lloyd Deborah J sold 29,011 shares in the company at $14.63 each and collected $424,000 in proceeds. Lloyd Deborah J now owns 17,533 shares in the company after this transaction. A Former Officer in the company, Di Nardo Christopher Thomas 59, disclosed a transaction on Monday November 09, 2015 that ended up generating $50,001 from the sale of 2,500 shares at $20.38 per share.
Kate Spade & Company (NYSE:KATE) Upcoming Results on Tap
Kate Spade & Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.16 in that period. Sales during the quarter are predicted to arrive at $295.21 million.
Earnings surprise history: Last quarter, the company posted approximately $316.53 million in revenue and EPS of $0.13. The mean forecast was for $310.66 million and $0.08 a share, respectively. One quarter earlier, revenue for the stock was at $319.69 million, with earnings at $0.11/share.
Kate Spade & Company (KATE) Brokerage Update
Kate Spade & Company (KATE) is in Telsey Advisory Group’s research list so their analyst rating change is noteworthy. These shares were downgraded to Market Perform from Outperform by Telsey Advisory Group, according to news reported on Wednesday January 25, 2017.Another important research note was issued by BofA/Merrill on Thursday January 19, 2017.The firm downgraded KATE to Neutral from Buy. Over the last six months and over the last three months, the shares of Kate Spade & Company (KATE), have changed 10.38% and 11.33%, respectively.