Kate Spade & Co (NASDAQ:KATE) had its target price decreased by Mizuho from $30.00 to $25.00 in a research report sent to investors on Friday, ARN reports. Mizuho currently has a buy rating on the stock.

Shares of Kate Spade & Co (NASDAQ:KATE) traded down 0.23% during mid-day trading on Friday, reaching $17.00. 1,626,389 shares of the company were exchanged. Kate Spade & Co has a 12 month low of $15.10 and a 12 month high of $35.75. The stock has a market capitalization of $2.17 billion and a P/E ratio of 26.44. The firm has a 50-day moving average price of $17.22 and a 200 day moving average price of $19.28.

Kate Spade & Co (NASDAQ:KATE) last issued its earnings results on Thursday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $275 million for the quarter, compared to analyst estimates of $280.02 million. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts anticipate that Kate Spade & Co will post $0.49 EPS for the current fiscal year.

An institutional investor recently raised its position in Kate Spade & Co stock. Russell Frank Co boosted its position in shares of Kate Spade & Co (NASDAQ:KATE) by 480.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,289 shares of the company’s stock after buying an additional 19,275 shares during the period. Russell Frank Co’s holdings in Kate Spade & Co were worth $406,000 as of its most recent SEC filing.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Kate Spade & Co from a buy rating to a hold rating in a research report on Wednesday, January 20th. Wedbush reiterated an outperform rating and set a $32.00 target price on shares of Kate Spade & Co in a research report on Tuesday, January 5th. Goldman Sachs assumed coverage on shares of Kate Spade & Co in a report on Thursday, December 17th. They set a neutral rating and a $20.00 price target for the company. Citigroup Inc. reissued a buy rating and set a $38.00 price target (up from $34.00) on shares of Kate Spade & Co in a report on Thursday, December 3rd. Finally, Monness Crespi & Hardt downgraded shares of Kate Spade & Co from a buy rating to a neutral rating in a report on Monday, November 2nd. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $31.84.

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. The Company operates through three segments: KATE SPADE North America, KATE SPADE International and Adelington Design Group. KATE SPADE North America segment consists of the Company’s kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in North America. KATE SPADE International segment consists of the Company’s kate spade new york, KATE SPADE SATURDAY and JACK SPADE brands in International markets. Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale apparel and wholesale non-apparel operations of the licensed LIZWEAR brand and other brands, and the licensed LIZ CLAIBORNE NEW YORK brand. The Company operates specialty retail stores, outlet stores and concession stores.

12 Month Chart for NASDAQ:KATE

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