The new products across its flagship line help continue the company to continue acquiring new customers, said Craig Leavitt the CEO on a call with Wall Street analysts. The stock garnered a place in the hold list of 3 stock Analysts.
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Kate Spade’s stock gained about 12 percent this year up to Monday, while the S&P 500 lost 5.5 percent.
It’s a new way to trade stocks with a 91% to 100% success rate, and earn between 8% and 199% in as little as 14 days. The shares opened for trading at $19.59 and hit $20.36 on the upside, eventually ending the session at $19.82, with a gain of 1.33% or 0.26 points. Wedbush restated an “outperform” rating and set a $32.00 target price on shares of Kate Spade & Co in a research note on Tuesday, January 5th. The company has total market capitalization of $9.45 billion and a total of 510.29 million outstanding shares. The company presently has a consensus rating of “Buy” and an average target price of $30.84.
The company has a market cap of $2.54 billion and the numbers of outstanding shares have been calculated to be 127.69 million shares.
“Looking ahead, we will harness the powerful momentum we created in 2015 to drive Kate Spade & Co.’s growth across our four category pillars – women’s, men’s, children’s and home”. The shares have been rated Overweight.
The 52-week high of (KATE) is $35.75 and the 52-week low is $15.10.
Kate Spade & Company, together with its subsidiaries, designs and markets apparel and accessories.
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Share price in Kate Spade rose today after the company reported strong sales for its final quarter of its financial year, although its net income fell. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. Under the terms of the contract, Reliance Brands Limited will have the exclusive distribution rights to the kate spade NY brand in the country. It also has licenses for the LIZ CLAIBORNE NEW YORK brand, available at QVC and LIZWEAR, which is distributed through the club store channel. The company sells its products through wholly-owned specialty retail and outlet stores, and upscale department stores, as well as e-commerce Websites.
