BT Investment Management Ltd acquired a new position in shares of Kate Spade & Co (NYSE:KATE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,504 shares of the textile maker’s stock, valued at approximately $102,000.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kate Spade & Co by 42.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,546 shares of the textile maker’s stock worth $103,000 after acquiring an additional 1,647 shares during the period. World Asset Management Inc acquired a new position in shares of Kate Spade & Co during the first quarter worth $209,000. Two Sigma Securities LLC acquired a new position in shares of Kate Spade & Co during the first quarter worth $220,000. Teacher Retirement System of Texas grew its stake in shares of Kate Spade & Co by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 10,276 shares of the textile maker’s stock worth $190,000 after purchasing an additional 137 shares in the last quarter. Finally, Credit Agricole S A grew its stake in shares of Kate Spade & Co by 56.8% during the first quarter. Credit Agricole S A now owns 12,887 shares of the textile maker’s stock worth $299,000 after purchasing an additional 4,670 shares in the last quarter. 97.87% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/23/bt-investment-management-ltd-takes-102000-position-in-kate-spade-co-kate.html.

A number of equities analysts recently commented on KATE shares. BidaskClub upgraded shares of Kate Spade & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Kate Spade & Co from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BMO Capital Markets set a $19.00 target price on shares of Kate Spade & Co and gave the stock a “hold” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.80.

Kate Spade & Co (KATE) opened at 18.49 on Friday. Kate Spade & Co has a 1-year low of $14.02 and a 1-year high of $24.24. The firm has a 50-day moving average of $18.45 and a 200 day moving average of $19.25.

Kate Spade & Co 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).

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 MarketBeat.com's FREE daily email newsletter.