Kate Spade reported same-store sales grew 16 percent in the three months ended October 3. The 50-Day Moving Average price is $20.08 and the 200 Day Moving Average price is recorded at $22.99. Citigroup Inc. restated a “buy” rating on shares of Kate Spade & Co in a report on Wednesday, August 5th. Wunderlich restated a “buy” rating and issued a $39.00 target price on shares of Kate Spade & Co in a research note on Tuesday, August 4th.
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Kate Spade & Co (NASDAQ:KATE) shares saw strong trading volume on Thursday following a stronger than expected earnings report, Marketbeat reports.
Groupon, Inc. (GRPN) of the Technology sector is up 1.01% so far today trading at $3.00 at a volume of 2476766 shares.
Upscale fashion companies Kate Spade (NYSE:KATE) and Ralph Lauren (NYSE:RL) gapped up after reporting strong quarterly results that indicated their turnaround efforts might be working. During the third quarter, the number of funds bullish on Pandora Media Inc (NYSE:P) (among those we track) declined by seven to 30 and they held in aggregate 21% of the company.
We’ve also learned that Kate Spade & Company will report its next earnings on November 5, 2015. The higher estimate for the short term price target is at $41 while the lower estimate is at $25.
Kate Spade & Co. and Coach Inc. all topped analysts’ earnings estimates for the past quarter after the handbag retailers cut costs and reduced discounts to cope with sluggish sales.
In its most recent quarter Kate Spade & Company had actual sales of $ 281.118. Kate Spade & Co presently has a consensus rating of Buy and a consensus target price of $33.59.
Kate Spade & Business is engaged in advertising and the design of a wide selection of apparel and accessories. The reorganization also intends to streamline product supply, and the company said it sees the plan saving around $110 million a year. KATE SPADE global segment is made from the kate spade JACK SPADE, KATE SPADE SATURDAY and new york brands of the Company in worldwide marketplaces. Adelington Design Group segment consists of arrangements that are exclusive to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale clothing and wholesale non -clothing businesses of the accredited LIZWEAR brand as well as other brands, and also the accredited LIZ CLAIBORNE NEW YORK brand.
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