Louisiana State Employees Retirement System Increases Stake in Kate Spade & Co (KATE)

Louisiana State Employees Retirement System raised its stake in Kate Spade & Co (NYSE:KATE) by 3.4% during the second quarter, according to its most recent Form 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 reporting period.

Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP acquired a new position in Kate Spade & Co during the first quarter valued at approximately $4,151,000. 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 valued at $141,000 after buying an additional 840 shares during the period. State Treasurer State of Michigan increased its position in Kate Spade & Co by 1.2% in the first quarter. State Treasurer State of Michigan now owns 52,100 shares of the textile maker’s stock valued at $1,210,000 after buying an additional 600 shares during the period. Great West Life Assurance Co. Can increased its position in Kate Spade & Co by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 77,195 shares of the textile maker’s stock valued at $1,793,000 after buying an additional 3,302 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Kate Spade & Co by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 45,046 shares of the textile maker’s stock valued at $1,046,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 97.87% of the company’s stock.

Shares of Kate Spade & Co (NYSE:KATE) remained flat at $18.49 during midday trading on Tuesday. 7,789,960 shares of the company’s stock were exchanged. Kate Spade & Co has a 52 week low of $14.02 and a 52 week high of $24.24. The stock has a 50-day moving average price of $18.45 and a 200-day moving average price of $19.25.

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Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Kate Spade & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub upgraded shares of Kate Spade & Co from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. 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 note on Thursday, July 6th. William Blair downgraded shares of Kate Spade & Co from an “outperform” rating to a “market perform” rating in a research note on Monday, May 8th. Finally, Buckingham Research restated a “neutral” rating on shares of Kate Spade & Co in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Kate Spade & Co currently has an average 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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