Prudential Financial Inc. cut its holdings in shares of Kate Spade & Co (NYSE:KATE) by 90.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,517 shares of the textile maker’s stock after selling 725,610 shares during the quarter. Prudential Financial Inc.’s holdings in Kate Spade & Co were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KATE. Utah Retirement Systems increased its position in shares of Kate Spade & Co by 0.4% during the 1st quarter. Utah Retirement Systems now owns 23,300 shares of the textile maker’s stock worth $541,000 after purchasing an additional 100 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Kate Spade & Co by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 10,276 shares of the textile maker’s stock valued at $190,000 after buying an additional 137 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Kate Spade & Co by 0.5% in the second quarter. Great West Life Assurance Co. Can now owns 77,595 shares of the textile maker’s stock valued at $1,433,000 after buying an additional 400 shares during the last quarter. Advantus Capital Management Inc lifted its position in Kate Spade & Co by 3.2% in the first quarter. Advantus Capital Management Inc now owns 16,426 shares of the textile maker’s stock valued at $382,000 after buying an additional 502 shares during the last quarter. Finally, Capstone Asset Management Co. lifted its position in Kate Spade & Co by 2.5% in the second quarter. Capstone Asset Management Co. now owns 23,295 shares of the textile maker’s stock valued at $431,000 after buying an additional 570 shares during the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.

A number of brokerages have weighed in on KATE. BidaskClub cut shares of Kate Spade & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BMO Capital Markets set a $19.00 price target on shares of Kate Spade & Co and gave the company a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of Kate Spade & Co from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.78.

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Shares of Kate Spade & Co (KATE) opened at 18.49 on Tuesday. The stock has a 50 day moving average price of $18.45 and a 200 day moving average price of $19.25. Kate Spade & Co has a 52 week low of $14.02 and a 52 week high of $24.24.

Kate Spade & Co Profile

Kate Spade & Company is engaged in the design and marketing of a range of accessories and apparel. It operates through three segments. The KATE SPADE North America segment consists of the Company’s kate spade new york and JACK SPADE brands in North America. The KATE SPADE International segment consists of the Company’s kate spade new york and JACK SPADE brands in international markets, which operates principally in Japan, Asia (excluding Japan), Europe and Latin America).

Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

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