Latest Stocks: ValuEngine Lowers Synergy Pharmaceuticals Inc (SGYP) to Sell
Vettel wins in Monaco to extend his F1 lead
Vettel denies Ferrari had team orders
British Airways says restarts flights from Gatwick and Heathrow
Moody's reduces China's credit rating over debt concerns
Great Lakes Advisors LLC Sells 5480 Shares of Kate Spade & Co (KATE)
20 May 2017, 02:13 | Austin Hogan
BlackRock Inc. boosted its position in shares of Kate Spade & Co by 10,025.1% in the first quarter. California State Teachers Retirement System now owns 272,943 shares of the textile maker's stock valued at $4,676,000 after buying an additional 2,300 shares during the last quarter. This pressure to sustain forced Coach Inc.to enter into a merger with Kate spade for an amount of $2.4 billion.
Kate Spade & Company was covered by a number of analysts recently, 0 rated the stock as Buy, 17 rated Hold, 0 rated sell and 0 gave an Underperform. Mik Capital LLC acquired a new position in shares of Kate Spade & Co during the third quarter valued at about $34,138,000. Laurion Capital Management LP bought a new stake in shares of Kate Spade & Co during the third quarter valued at approximately $205,000.
15 analysts on average are expecting Kate Spade & Company to report earnings of $0.14 per share for the current quarter.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -1.07%, and has a poor year to date (YTD) performance of -1.45% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Riverhead Capital Management LLC raised its stake in shares of Kate Spade & Co by 3.2% in the third quarter. OZ Management LP now owns 3,100,284 shares of the textile maker's stock worth $72,020,000 after buying an additional 2,643,531 shares during the last quarter.
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Kate Spade (NYSE:KATE). In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.00% with $127.93 Million sitting short, betting on future declines.
All You Need To Know About WannaCry Ransomware
There's a blame game brewing over who's responsible for the massive cyberattack that infected hundreds of thousands of computers. Where do you get a patch? Here are some of the key players in the attack and what may - or may not - be their fault.
Guardiola: 'Perfect' send off for Zabaleta
West Brom , who have won just one of their last 11 matches, were poor as City eased to the three points. "Do it better during the season and you will not have this problem".
Analysts on average have given a price target of $20.5 to Kate Spade & Company (KATE) stock. Kate Spade & Co (NYSE:KATE)'s shares are now trading -24.01% away from the 52-week high price of $24.24 and +31.38% far from the 52-week low price of $14.02.
Kate Spade & Co (NYSE:KATE) last posted its quarterly earnings data on Tuesday, April 18th.
The company's expected revenue in the current quarter to be 336.84 Million, seeing a projected current quarter growth of 27.3%, and per annum growth estimates over the next 5 year period of around 23.75%. The business had revenue of $271 million during the quarter, compared to analyst estimates of $299.08 million. Kate Spade & Co had a return on equity of 27.34% and a net margin of 9.67%. Kate Spade & Co's quarterly revenue was down 1.1% on a year-over-year basis. Similarly, full-year EPS forecasts have ranged between $0.71 and $0.81. On average, equities research analysts forecast that Kate Spade & Co will post $0.78 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark law.
12/28/2016 - Kate Spade had its "buy" rating reiterated by analysts at Mizuho. Vetr raised shares of Kate Spade & Co from a "hold" rating to a "buy" rating and set a $25.44 target price for the company in a report on Tuesday, March 28th. Looking at this figure it suggests that the shares of Kate Spade & Company (KATE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Kate Spade & Company (KATE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Buckingham Research had a markedly different take on 09/05/2017, proposing that Kate Spade & Company is now considered Neutral versus prior Buy rating. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The company presently has an average rating of "Hold" and a consensus price target of $20.87. Kate Spade & Company (KATE) is a part of Consumer Goods sector and belongs to Textile - Apparel Clothing industry.
Oil at one-month high, supply-cut extension expected
But U.S. oil producers are not paying any attention to the plea, and the number of rigs has more than doubled over the past year. Bank of America, for instance, last week lowered its 2017 target for Brent crude by $7 a barrel to $54.
Sidney Crosby, Penguins beat Senators 3-2 to tie series
While defense has been an issue at times Evgeni Malkin knows they to start putting the puck in the net if they hope to move on. Murray saw his first playoff action Wednesday night in Game 3, as Sullivan benched Fleury after Ottawa's hot start.
Yemen rebel ballistic missile shot down near Saudi capital
The Coalition Air Forces retaliated immediately, hitting the sites of the missile's launching pads, the news agency added. Trump was expected to conclude important security and trade deals in his meetings with top Saudi officials in Riyadh .
Cavs set NBA record with 41-point halftime lead
The 41-point deficit ranked as the largest in National Basketball Association playoff history, breaking a 30-year-old record. Oh well, at least the Celtics have the #1 pick! This series is over . "I don't want to put that on any one guy.