Kate Spade & Company (NYSE:KATE) stock is currently pricing at roughly $16.76. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 13 analysts covering the company at $22.00. That suggests shares of the stock may have another 24 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $26.00, which would imply another 45 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 3 “Buy” ratings in place. At the same time, 4 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 12 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Citigroup took a look at KATE shares in a research note released on Mar 22, 2017, and issued a Neutral rating to this company. CLSA analysts provided their own take on company recently as well. In a research note published on Feb 17, 2017,the house assigned a Underperform rating to this stock. According to a piece that hit the wires on Jan 25, 2017, researchers at Telsey Advisory Group reconsidered their prior rating on the stock, and lowered it from Outperform Perform to Market Perform.
Kate Spade & Company (KATE) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 1.93 percent of the stock.
If we take a more granular look, Mr. Paul R. Charron is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 217,926 shares, representing a total current market value of roughly $3652439.76. Ms. Kay Koplovitz is another major player among company insiders, currently holding 191,381 shares as of 0.15%, carrying a current market value of $3207545.56. Ms. Nancy J. Karch is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 143,897 shares, valued at around $2411713.72 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2016-12-20, the company’s Chief Creative Officer Lloyd Deborah J sold 29,011 company shares for 424430. That means, once accounting for this transaction, the Chief Creative Officer is left with a stake of 17,533 shares, carrying a current total market value of $293853. In addition, by means of a transaction dated 2015-11-09, Former Officer Di Nardo Christopher Thomas 59 sold 2,500 shares worth $50950. After that transaction, this investor is left with a total holding of 1,885 shares, representing a total investment value of $31592.6. We also noted a 2015-05-11 transaction in which KATE Director TOBEN DOREEN A sold 594 shares at a stock price of $29.04, carrying a total value of $17250, after which, this insider’s investment stands at 64,962 shares, with an overall financial value of $1088763.
Kate Spade & Company (NYSE:KATE) Earnings View
In the company’s last quarter, KATE EPS moved to $0.01 from $0.41 compared sequentially with the prior quarter. Revenues for the company came in at $271.23MM. This stacks up against $470.84MM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.07 per share on $299.37MM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.10 to $0.18. On a year-over-year basis, that compares with an EPS comp of $0.11.