State Treasurer State of Michigan increased its stake in shares of Kate Spade & Co (NYSE:KATE) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,900 shares of the textile maker’s stock after buying an additional 800 shares during the period. State Treasurer State of Michigan’s holdings in Kate Spade & Co were worth $978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neuburgh Advisers LLC increased its position 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. Tyers Asset Management LLC increased its position 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 position 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. Flinton Capital Management LLC increased its position 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. Finally, IFP Advisors Inc increased its position in shares of Kate Spade & Co by 10.9% in the first quarter. IFP Advisors Inc now owns 8,172 shares of the textile maker’s stock valued at $190,000 after buying an additional 800 shares during the period. Institutional investors own 97.87% of the company’s stock.

Shares of Kate Spade & Co (NYSE:KATE) remained flat at $18.49 during trading on Tuesday. The company’s stock had a trading volume of 7,789,960 shares. 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.

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Several research analysts have weighed in on the company. Instinet downgraded Kate Spade & Co from a “buy” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $18.50 in a research note on Tuesday, May 9th. Buckingham Research restated a “neutral” rating on shares of Kate Spade & Co in a research note on Tuesday, May 9th. BidaskClub downgraded Kate Spade & Co from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BMO Capital Markets set a $19.00 price target on Kate Spade & Co and gave the company a “hold” rating in a research note on Tuesday, April 18th. Finally, Wunderlich decreased their price target on Kate Spade & Co from $24.00 to $18.50 and set a “buy – hold” rating on the stock in a research note on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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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