Kate Spade (NYSE:KATE) target price raised to $21.00, reported today by CLSA
- Updated: September 29, 2016
Just yesterday Kate Spade (NYSE:KATE) traded -2.32% lower at $17.65. Kate Spade’s 50-day moving average is $18.72 and its 200-day moving average is $21.52. The last stock price is down -17.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,124,886 shares of KATE traded hands, down from an average trading volume of 2,701,060
Kate Spade (NYSE:KATE) had its price target raised to $21.00 by CLSA in a report released 09/29/2016. The increased target suggests a possible upside of 0.19% from the company's previous stock price.
Previously on 09/28/2016, CLSA released a statement about Kate Spade (NYSE:KATE) increased the target price from $0.00 to $21.00. At the time, this indicated a possible upside of 0.19%.
Recent Performance Chart
Kate Spade has 52 week low of $15.10 and a 52 week high of $26.46 with a PE ratio of 22.09 and has a market capitalization of $0.
In addition to CLSA reporting its stock price target, a total of 16 brokerages have issued a research note on the company. The average stock price target is $28.50 with 8 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Kate Spade (NYSE:KATE)
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. The KATE SPADE International segment consists of the Company's kate spade new york and JACK SPADE brands in International markets (principally in Japan, Asia (excluding Japan), Europe and Latin America). The Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands, and the licensed LIZWEAR and LIZ CLAIBORNE NEW YORK brands. It operates retail stores under the kate spade new york trademark, consisting of retail stores within the United States and outside the United States (primarily in Japan, Europe and Canada). It also operates outlet and concession stores.
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