Kate Spade & Co (NYSE:KATE) stock was hit hard on Tuesday following the release of its earnings report for the first quarter of 2017. The company's revenue was up 9.8% compared to the same quarter past year. Recently, investment analysts covering the stock have updated the mean rating to 2.7. Mizuho restated a "buy" rating and set a $21.00 price objective on shares of Kate Spade & Co in a report on Wednesday, December 28th. The stock has a 50 day moving average of $22.13 and a 200-day moving average of $18.71.
Beta is also an important valuation ratio for analyzing the stock of the company, KATE has Beta of 1.7 while its industry and Sector's beta remains at 1.36 and 1.31 respectively.
16 number of analysts have estimated the sales of the company for the quarter ending May 2, 2017- May 8, 2017, analysts estimated mean sale target of 337.65 million while high and low sale targets are estimated at 351 million and 317.9 million respectively. Kate Spade has a 52-week low of 14.02 and a 52-week high of 26.46. Wunderlich reiterated a "buy" rating and issued a $24.00 target price on shares of Kate Spade & Co in a research report on Thursday, February 16th.
Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The company's last traded volume of 1.69 million shares was up it's an average volume of 3.9 million shares. If you are viewing this news story on another domain, it was copied illegally and republished in violation of USA and global copyright and trademark laws. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2017/04/20/kate-spade-co-kate-posts-earnings-results-misses-estimates-by-0-06-eps.html. The FactSet consensus was for a 3.4% increase. During its last trading session, Stock traded with the total exchanged volume of 7.74 million shares.
01/25/2017 - Kate Spade was downgraded to "market perform" by analysts at Telsey Advisory Group. Ltd. bought a new stake in shares of Kate Spade & Co during the fourth quarter valued at about $127,000. Advisor Group Inc. now owns 6,885 shares of the textile maker's stock worth $118,000 after buying an additional 329 shares in the last quarter. Investors measure stock performance on the basis of a company's earnings power.
"In addition, we continued to generate robust cash flow over the past twelve months and ended the quarter with $422 million in cash", said George Carrara, president and chief operating officer of Kate Spade & Company. It operates through three segments.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, KATE earned gross profit of 680.27 Million, in 2015 754.11 Million gross profit, while in 2016 Kate Spade & Company (KATE) produced 826.92 Million profit.