S. Muoio & CO. LLC purchased a new stake in shares of Kate Spade & Co (NYSE:KATE) during the second quarter, Holdings Channel reports. The firm purchased 210,000 shares of the textile maker’s stock, valued at approximately $3,883,000. Kate Spade & Co comprises approximately 1.9% of S. Muoio & CO. LLC’s holdings, making the stock its 17th largest position.

Other institutional investors also recently bought and sold shares of the company. Utah Retirement Systems raised its position in Kate Spade & Co by 0.4% in the first quarter. Utah Retirement Systems now owns 23,300 shares of the textile maker’s stock valued at $541,000 after buying an additional 100 shares during the last quarter. Teacher Retirement System of Texas raised 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 raised 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. Capstone Asset Management Co. raised its position in Kate Spade & Co by 2.1% in the first quarter. Capstone Asset Management Co. now owns 22,725 shares of the textile maker’s stock valued at $528,000 after buying an additional 470 shares during the last quarter. Finally, Advantus Capital Management Inc raised 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. Institutional investors own 97.87% of the company’s stock.

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

COPYRIGHT VIOLATION NOTICE: “S. Muoio & CO. LLC Purchases New Stake in Kate Spade & Co (NYSE:KATE)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.watchlistnews.com/s-muoio-co-llc-purchases-new-stake-in-kate-spade-co-nysekate/1489988.html.

Several research firms recently weighed in on KATE. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Kate Spade & Co in a research report on Tuesday, April 18th. BidaskClub upgraded shares of Kate Spade & Co from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Instinet lowered shares of Kate Spade & Co from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $18.50 in a research report on Tuesday, May 9th. Nomura reaffirmed a “neutral” rating and set a $18.50 price objective on shares of Kate Spade & Co in a report on Tuesday, May 9th. Finally, Buckingham Research reaffirmed a “neutral” rating on shares of Kate Spade & Co in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Kate Spade & Co currently has an average rating of “Hold” and a consensus price target of $20.80.

Kate Spade & Co Company 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).

Want to see what other hedge funds are holding KATE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kate Spade & Co (NYSE:KATE).

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

Receive News & Ratings for Kate Spade & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kate Spade & Co and related companies with Analyst Ratings Network's FREE daily email newsletter.