Kate Spade Shares Slide After Earnings Miss
- Author: Todd Kelly Apr 21, 2017,
Apr 21, 2017, 0:36
KATE stock's price is now -31.37% down from its 52-week high and +29.53% up from its 52-week low.
A price target is the projected price level of a financial security stated by an investment analyst. During the same period in the previous year, the business earned $0.32 EPS.
Kate Spade & Company (KATE) is expected to post revenue of $349.44 Million in the current quarter, according to consensus of 15 analysts. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 15.22 and a beta of 1.62.
Kate Spade & Company (NYSE:KATE) yearly performance is -26.39% and net profit margin is 11.10%. 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. It looks as if the bulk of the recent activity here has been of the buy-to-open kind, meaning options traders are betting on KATE stock settle north of $25 at this Friday's close, when the series expires. They now have a Dollars 22 price target on the stock. An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target. Finally, Mizuho reiterated a "buy" rating and set a $21.00 price target on shares of Kate Spade & Co in a research report on Wednesday, December 28th.
Gross profit was up to 63.2% for the quarter compared to 61.8% in the same period a year ago.
U.S. based company, Kate Spade & Company (KATE)'s latest closing price was -4.66% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -17.63% and -15.01% compared with the 20 Day Moving Average.
The share price of the company (NYSE:KATE) was up +0.10% during the last trading session, with a high of 19.48 and the volume of Kate Spade shares traded was 1693681. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States & worldwide trademark and copyright laws. The correct version of this news story can be accessed at https://www.themarketsdaily.com/2017/04/20/kate-spade-co-kate-posts-earnings-results-misses-estimates-by-0-06-eps.html. Advisor Group Inc. increased its stake in shares of Kate Spade & Co by 5.0% in the third quarter. In addition, the Adelington Design Group segment serves J.C. Penney Corporation, Inc.
Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 3 analysts "outperform", 12 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Asset Management One Co.
That seemed odd because the job of Kate Spade's board should have been attaining the highest possible takeover price, an option that began to fade as time passed, investor euphoria cooled, and the company lost leverage to command a higher price. It operates through three segments.
Kate Spade North America sales were down 0.6% during the quarter, while the global business was flat.