Kate Spade & Company (NYSE:KATE)‘s stock had its “buy” rating reaffirmed by research analysts at William Blair in a report released on Friday.

Several other research firms have also recently commented on KATE. Wells Fargo & Company restated an “outperform” rating and set a $24.50 price target (up from $23.50) on shares of Kate Spade & Company in a report on Thursday. Goldman Sachs Group, Inc. (The) boosted their price target on shares of Kate Spade & Company to $20.00 in a report on Friday. Mizuho boosted their price target on shares of Kate Spade & Company from $21.00 to $25.00 and gave the company a “buy” rating in a report on Friday. CLSA cut shares of Kate Spade & Company from an “outperform” rating to an “underperform” rating in a report on Friday. Finally, Wunderlich restated a “buy” rating and set a $24.00 price target on shares of Kate Spade & Company in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Kate Spade & Company currently has a consensus rating of “Buy” and a consensus price target of $23.29.

Analyst Recommendations for Kate Spade & Company (NYSE:KATE)

Shares of Kate Spade & Company (NYSE:KATE) traded up 1.68% during mid-day trading on Friday, hitting $22.94. The stock had a trading volume of 9,298,590 shares. Kate Spade & Company has a 52 week low of $14.02 and a 52 week high of $26.46. The stock has a market cap of $2.94 billion, a P/E ratio of 23.01 and a beta of 1.62. The stock has a 50-day moving average price of $18.50 and a 200 day moving average price of $17.56.

Kate Spade & Company (NYSE:KATE) last posted its quarterly earnings results on Thursday, February 16th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. Kate Spade & Company had a net margin of 9.67% and a return on equity of 27.34%. The business had revenue of $470 million for the quarter, compared to analysts’ expectations of $472.80 million. During the same period in the previous year, the company posted $0.32 EPS. Kate Spade & Company’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Kate Spade & Company will post $0.64 EPS for the current fiscal year.

This report was published by Financial Market News and is owned by of Financial Market News. If you are accessing this report on another publication, it was stolen and reposted in violation of United States & international copyright & trademark laws. The correct version of this report can be viewed at http://www.financial-market-news.com/kate-spade-company-kate-receives-buy-rating-from-william-blair/1321578/.

In related news, insider Deborah J. Lloyd sold 29,011 shares of Kate Spade & Company stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $14.63, for a total value of $424,430.93. Following the completion of the sale, the insider now owns 46,544 shares of the company’s stock, valued at approximately $680,938.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.82% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in KATE. Harris Associates L P raised its stake in Kate Spade & Company by 0.7% in the third quarter. Harris Associates L P now owns 6,343,511 shares of the company’s stock valued at $108,664,000 after buying an additional 45,700 shares during the last quarter. OZ Management LP raised its stake in Kate Spade & Company by 7.0% in the third quarter. OZ Management LP now owns 4,628,514 shares of the company’s stock valued at $79,287,000 after buying an additional 304,748 shares during the last quarter. BlackRock Fund Advisors raised its stake in Kate Spade & Company by 3.9% in the third quarter. BlackRock Fund Advisors now owns 4,619,423 shares of the company’s stock valued at $79,131,000 after buying an additional 172,871 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Kate Spade & Company by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,762,983 shares of the company’s stock valued at $64,460,000 after buying an additional 31,587 shares during the last quarter. Finally, Columbus Circle Investors raised its stake in Kate Spade & Company by 42.1% in the second quarter. Columbus Circle Investors now owns 2,642,548 shares of the company’s stock valued at $54,463,000 after buying an additional 783,023 shares during the last quarter. 98.36% of the stock is owned by institutional investors and hedge funds.

About Kate Spade & Company

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments, which include KATE SPADE North America, KATE SPADE International and Adelington Design Group. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America.

5 Day Chart for NYSE:KATE

Receive News & Ratings for Kate Spade & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kate Spade & Company and related companies with MarketBeat.com's FREE daily email newsletter.