Louisiana State Employees Retirement System increased its position in shares of Kate Spade & Co (NYSE:KATE) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,500 shares of the textile maker’s stock after buying an additional 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Kate Spade & Co were worth $619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KATE. Neuburgh Advisers LLC increased its position in Kate Spade & Co by 16.0% in the first quarter. Neuburgh Advisers LLC now owns 4,774 shares of the textile maker’s stock worth $111,000 after buying an additional 660 shares during the last quarter. Tyers Asset Management LLC increased its position in 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 worth $141,000 after buying an additional 840 shares during the last quarter. Acrospire Investment Management LLC increased its position in 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 worth $159,000 after buying an additional 2,310 shares during the last quarter. Flinton Capital Management LLC increased its position in 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 worth $171,000 after buying an additional 1,020 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Kate Spade & Co by 10.9% in the first quarter. IFP Advisors Inc now owns 8,172 shares of the textile maker’s stock worth $190,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 97.87% of the company’s stock.

Shares of Kate Spade & Co (KATE) remained flat at $18.49 during mid-day trading on Tuesday. 7,789,960 shares of the stock were exchanged. Kate Spade & Co has a 12 month low of $14.02 and a 12 month high of $24.24. The company’s 50-day moving average price is $18.45 and its 200 day moving average price is $19.25.

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A number of research analysts have recently issued reports 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 stock 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 stock 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, Citigroup Inc. restated a “neutral” rating and issued a $22.00 price target (down from $24.00) on shares of Kate Spade & Co in a research report on Saturday, April 22nd. 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 company’s stock. The stock currently has an average rating of “Hold” and a consensus target price 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).

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

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