First Mercantile Trust Co. raised its stake in Kate Spade & Co. (NYSE:KATE) by 51.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,300 shares of the company’s stock after buying an additional 12,700 shares during the period. First Mercantile Trust Co.’s holdings in Kate Spade & Co. were worth $768,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Nicholas Investment Partners LP purchased a new position in shares of Kate Spade & Co. during the first quarter worth about $1,891,000. State Street Corp increased its position in shares of Kate Spade & Co. by 1.9% in the first quarter. State Street Corp now owns 3,314,855 shares of the company’s stock worth $84,592,000 after buying an additional 62,049 shares during the period. Alpine Partners VI LLC purchased a new position in shares of Kate Spade & Co. during the first quarter worth about $278,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Kate Spade & Co. during the first quarter worth about $3,001,000. Finally, Columbia Partners L L C Investment Management purchased a new position in shares of Kate Spade & Co. during the first quarter worth about $8,852,000.

Kate Spade & Co. (NYSE:KATE) opened at 18.38 on Wednesday. The company has a 50 day moving average of $18.64 and a 200-day moving average of $21.71. Kate Spade & Co. has a one year low of $15.10 and a one year high of $26.46. The stock has a market capitalization of $2.35 billion, a P/E ratio of 23.00 and a beta of 2.17.

Kate Spade & Co. (NYSE:KATE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Kate Spade & Co. had a return on equity of 28.45% and a net margin of 7.86%. The company earned $320 million during the quarter, compared to analyst estimates of $318.55 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Equities research analysts predict that Kate Spade & Co. will post $0.65 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on KATE shares. Wells Fargo & Co. upgraded shares of Kate Spade & Co. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $17.00 to $23.50 in a research report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Kate Spade & Co. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 6th. Vetr downgraded shares of Kate Spade & Co. from a “strong-buy” rating to a “hold” rating and set a $23.06 price target on the stock. in a research report on Wednesday, June 1st. TheStreet downgraded shares of Kate Spade & Co. to a “hold” rating in a research report on Thursday, May 26th. Finally, Mizuho dropped their price target on shares of Kate Spade & Co. from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.20.

About Kate Spade & Co.

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.

5 Day Chart for NYSE:KATE

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