Kate Spade & Company stock performance trend indicates that the stock price has rallied 68.69% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 39.35% . Looking at the past 52 week period, the stock price is down -4.48% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Kate Spade & Company has a negative value of -28.06 compared to overall market performance.Kate Spade & Company is having a Relative Strength Index of 68.44 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Kate Spade & Company (NYSE:KATE) has tumbled 0.08% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.93% in the last four weeks. The stocks have underperformed the S&P 500 by 0.32% during the past week but Kate Spade & Company (NYSE:KATE) it has outperformed the index in 4 weeks by 1.76%.
For the current week, the company shares have a recommendation consensus of Buy. Kate Spade & Company (NYSE:KATE) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.02 points or 0.08% at $23.87 with 1,904,964 shares getting traded. Post opening the session at $23.92, the shares hit an intraday low of $23.69 and an intraday high of $23.93 and the price was in this range throughout the day. The company has a market cap of $3,062 million and the number of outstanding shares has been calculated to be 128,291,120 shares. The 52-week high of Kate Spade & Company (NYSE:KATE) is $26.46 and the 52-week low is $14.02.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Mizuho on Feb 17, 2017 to Buy, Raises Price Target to $ 25 from a previous price target of $21 .Kate Spade & Co was Downgraded by CLSA to Underperform on Feb 17, 2017. Kate Spade & Co was Downgraded by Telsey Advisory Group on Jan 25, 2017 to Market Perform, Lowers Price Target to $ 21 from a previous price target of $23 .Kate Spade & Co was Downgraded by BofA/Merrill to Neutral on Jan 19, 2017.
Company has reported several Insider transactions to the SEC, on Dec 22, 2016, Deborah J Lloyd (Chief Creative Officer) sold 29,011 shares at 14.63 per share price.On May 13, 2015, Doreen A Toben (director) sold 594 shares at 29.04 per share price.
Kate Spade & Co Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.35. The company had revenue of $471.00 million for the quarter, compared to analysts expectations of $473.29 million. The companys revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Kate Spade & Company engages in designing and marketing accessories and apparel under three global, multichannel lifestyle brands: Kate spade New York, Kate Spade Saturday and Jack Spade. The company offers apparel, handbags, briefcases, travel bags, small leather goods, tabletop products, legwear, bedding, stationery, jewelry, apparel, footwear, optics, fragrances, electronics cases, fashion accessories, beauty, and home decor products. Kate Spade & Company, formerly known as Fifth & Pacific Companies, Inc., is based in New York.