California Public Employees Retirement System reduced its stake in shares of Kate Spade & Co (NYSE:KATE) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,500 shares of the textile maker’s stock after selling 16,100 shares during the period. California Public Employees Retirement System’s holdings in Kate Spade & Co were worth $3,752,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KATE. Neuburgh Advisers LLC increased its stake in shares of Kate Spade & Co by 16.0% in the first quarter. Neuburgh Advisers LLC now owns 4,774 shares of the textile maker’s stock valued at $111,000 after buying an additional 660 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Kate Spade & Co by 126.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,579 shares of the textile maker’s stock valued at $122,000 after buying an additional 3,671 shares during the period. Tyers Asset Management LLC increased its stake in shares of Kate Spade & Co by 16.0% in the first quarter. Tyers Asset Management LLC now owns 6,076 shares of the textile maker’s stock valued at $141,000 after buying an additional 840 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Kate Spade & Co by 51.2% in the first quarter. Acrospire Investment Management LLC now owns 6,825 shares of the textile maker’s stock valued at $159,000 after buying an additional 2,310 shares during the period. Finally, Flinton Capital Management LLC increased its stake in shares of Kate Spade & Co by 16.0% in the first quarter. Flinton Capital Management LLC now owns 7,378 shares of the textile maker’s stock valued at $171,000 after buying an additional 1,020 shares during the period. Institutional investors and hedge funds own 97.87% of the company’s stock.

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

Kate Spade & Co (NYSE:KATE) last announced its quarterly earnings data on Tuesday, April 18th. The textile maker reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.06. The business had revenue of $271 million during the quarter, compared to the consensus estimate of $299.08 million. Kate Spade & Co had a return on equity of 1.11% and a net margin of 0.44%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. Equities research analysts forecast that Kate Spade & Co will post $0.78 earnings per share for the current year.

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Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Kate Spade & Co from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. 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 report on Thursday, July 6th. Wells Fargo & Company downgraded shares of Kate Spade & Co from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $24.50 to $19.00 in a research report on Tuesday, May 9th. William Blair downgraded shares of Kate Spade & Co from an “outperform” rating to a “market perform” rating in a research report on Monday, May 8th. Finally, Vetr downgraded shares of Kate Spade & Co from a “buy” rating to a “hold” rating and set a $23.96 price target for the company. in a research report on Monday, March 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.87.

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).

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

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