How Goldman Currently Rates Kate Spade (NYSE:KATE)
In an interesting research report released on Thursday morning, Goldman analyst just started coverage of Kate Spade (NYSE:KATE) with “Neutral” rating.
From a total of 16 analysts covering Kate Spade & Company (NYSE:KATE) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 74% of the ratings are positive. The highest target price is $40 while the lowest target price is $19. The mean of all analyst targets is $29.94 with a 55.20% above today’s ($17.88) stock price. Kate Spade & Company was the topic of 7 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Monness Crespi & Hardt downgraded shares on November 2 to “Neutral” rating. Monness Crespi & Hardt maintained shares with “Buy” rating and $27 target share price in a report from an August 3. Wolfe Research initiated KATE stock in a recent report from October 14 with “Outperform” rating. Finally, Mizuho maintained the stock with “Buy” rating in a report issued on a July 31.
Approximately 494,926 shares of stock traded hands. Kate Spade & Co (NYSE:KATE) has declined 32.90% since May 14, 2015 and is downtrending. It has underperformed by 30.63% the S&P500.
Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The company has a market cap of $2.31 billion. The Firm operates through three divisions: KATE SPADE North America, KATE SPADE International and Adelington Design Group. It has 27.13 P/E ratio. KATE SPADE North America segment consists of the Company’s kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America.
According to Zacks Investment Research, “Kate Spade & Company engages in designing and marketing accessories and apparel under three global, multichannel lifestyle brands: Kate spade New York, Kate Spade Saturday and Jack Spade. The company offers apparel, handbags, briefcases, travel bags, small leather goods, tabletop products, legwear, bedding, stationery, jewelry, apparel, footwear, optics, fragrances, electronics cases, fashion accessories, beauty, and home decor products. Kate Spade & Company, formerly known as Fifth & Pacific Companies, Inc., is based in New York.”