Fifth & Pacific Companies Receives New Coverage from Analysts at Sterne Agee (FNP)
Analysts at Sterne Agee initiated coverage on shares of Fifth & Pacific Companies (NYSE: FNP) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $26.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Fifth & Pacific Companies from $14.00 to $18.00 in a research note to investors on Friday, February 22nd. They now have an “equal weight” rating on the stock. Separately, analysts at Monness Crespi & Hardt reiterated a “buy” rating on shares of Fifth & Pacific Companies in a research note to investors on Wednesday, February 20th. They now have a $21.00 price target on the stock, up previously from $15.00. Finally, analysts at BB&T Capital Mkts initiated coverage on shares of Fifth & Pacific Companies in a research note to investors on Wednesday, February 20th. They set a “hold” rating on the stock.
Shares of Fifth & Pacific Companies opened at 17.85 on Monday. Fifth & Pacific Companies has a one year low of $9.02 and a one year high of $18.17. The stock’s 50-day moving average is currently $16.08. The company’s market cap is $2.139 billion.
Fifth & Pacific Companies last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.07. The company had revenue of $486.53 million for the quarter, compared to the consensus estimate of $484.03 million. Fifth & Pacific Companies’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Fifth & Pacific Companies will post $0.02 EPS for the current fiscal year.
Fifth & Pacific Companies Inc, formerly Liz Claiborne Inc. (Liz Claiborne) designs and markets a portfolio of retail-based, premium brands, including JUICY COUTURE, KATE SPADE and LUCKY BRAND.
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