Kate Spade & Co (NYSE:KATE) soared 0.11% during previous trade, a total of 7.29M shares exchanged hands compared with its average trading volume of 9.40M shares whereas its relative volume is 1.14. The stock has a market capitalization of $2.37B along with 128.60M outstanding shares. Stock’s intraday price range hit the peak level of $18.43 and touched the lowest level of $18.40.
Most recently Kate Spade & Co (NYSE:KATE)’s price target was revised on 5/15/17 and according to 12 analysts stock’s price will reach at $20.29 during 52 weeks with standard deviation of 2.88. Stock’s minimum price target estimates has been figured out at $18 while the maximum price target forecast is established at $26, if we look at the price target with an optimistic approach it has upside potential of 41% from its latest closing price of $18.42.
Historically, if we look at price target revisions, two weeks ago Kate Spade & Co (NYSE:KATE)’s price target was revised on 4/19/17 by the analysts, however the bullish price estimates of the stock set at $27 while the bearish estimates kept at $20 over the next one year. Stock’s 52-week target was retained at $23.56, the estimates indicates a standard deviation of 2.83.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.85. ABR value is precisely based on brokerage recommendations, where out of 13 brokerage recommendations 1 rate Kate Spade & Co (NYSE:KATE) stock a Strong Buy, 0 rate the stocks of the company a Buy, 12 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 5/9/17 the stock of Kate Spade & Co (NYSE:KATE) downgraded by Buckingham Research from Buy to Neutral. However previously on 5/9/16 it was downgraded by Wells Fargo from Outperform to Market Perform. A research note issued on 5/9/17 the stock was downgraded by KeyBanc Capital Mkts from Overweight to Sector Weight.
Kate Spade & Co (NYSE:KATE) performance over the past one year plunged -16.76% whereas its year to date (YTD) performance indicated a bearish trend of -1.34%. During the last six months the stock climbed 2.73%. Quarterly performance of the company shows declining momentum of -6.35% while its last one month trend is positive with 1.43%. Stock’s weekly performance expressed down trend of -0.11%.
The company’s price sits -9.38% below from its 50-day moving average of $18.81 and -0.88% below from the stock’s 200-day moving average which is $18.75. Kate Spade & Co (NYSE:KATE)’s shares are currently trading -24.01% away from the 52-week high price of $24.24 and +31.38% far from the 52-week low price of $14.02.
According to consensus agreement of 14 analysts Kate Spade & Co (NYSE:KATE) will report earnings per share of $0.14 in their quarterly report and it is expected to announce the company’s results on 8/2/17. For the current quarter the company has high EPS estimates of $0.16 in contradiction of low EPS estimates of $0.1. However a year ago for the same quarter the company has reported $0.11 EPS. Current year EPS projections for Kate Spade & Co (NYSE:KATE) set at $0.78 according to the sentiments of 13 analysts, while its lowest earnings estimates are $0.71 and highest earnings estimates are $0.82.
According to 13 analysts, Kate Spade & Co (NYSE:KATE)’s revenue estimates for the current quarter are $336.77M meanwhile the company has high revenue estimates of $354M in contradiction of low revenue estimates of $312.2M. For the current year the company’s revenue estimates are $1.44B compared to low analyst estimates of $1.38B and high estimates of $1.49B according to the projection of 14 analysts.