Investors are Observing: Kate Spade & Company (KATE)

Kate Spade & Company (KATE) plummeted -2.17 percent and ended the day at $17.16. The Average Volume of the company is 4.16 Million and P/E (price to earnings) ratio is 15.64, while Forward P/E ratio is 18.14.

Citigroup Downgrade its coverage for Kate Spade & Company (KATE) in a note sent to investors on 22-Mar-17. The research firm Downgrade the stock to Neutral. Moreover, CLSA issued Downgrade rating for the stock on 17-Feb-17. Telsey Advisory Group also Downgrade the company to Market Perform on 25-Jan-17, 2016. Additionally, BofA/Merrill Downgrade its ratings on the stock to Neutral.

The highest price KATE stock touched in the last 12 month was $26.46 and the lowest price it hit in the same period was $14.02. The stock has a Return on Assets of 13.5 percent, Return on Investment of 21.8 percent and a Return on Equity of 37.7 percent. The company’s market cap is $2.2 Billion.

Kate Spade & Company (KATE)’s growth estimate is 36.4 percent for the current quarter. The growth estimate for the next quarter is 30.8 percent. The company’s stock has climbed 9.04 percent in the past five year. The company is expected to grow by 23.75 percent over the next five years.

Kate Spade & Company (KATE) has been given an average price target of $22.23 from analysts, according to data collected by Finviz.

Now we look at the Moving Averages, the 200-day is -9.18, the 50-day is -21.54 and the 20-day is -16.2. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

Looking forward, the company is expected to report earnings of $0.14 per share for the current quarter. Revenue is expected in between 359 Million and 312.2 Million with an average of 344.46 Million.

Kate Spade & Company (KATE) has a mean recommendation of 1.92, according to data compiled by Zacks Investment Research. The recommendation scale measures the value from 1 to 5, where 1 means ‘’Strong Buy’’ and 5 stands for ’’Sell’’.

Kate Spade & Company (KATE) performance during the last one year Degraded -31.66 percent, while its year to date (YTD) performance showed a Negative trend of -8.09 percent. The stock Fell -2.61 percent over the past six months. The stock’s quarterly performance indicates a Negative momentum of -6.74 percent, whereas its last one month trend is Pessimistic with -25.23 percent. Its weekly performance showed a downward trend of -11.55 percent.

Profitability analysis helps a great deal in making investment decision. Net profit margin of the company was recorded at 10.4 percent, operating profit margin was 12.5 percent, whereas gross profit margin stands at 60.1 percent. Beta factor was calculated at 1.71.

Kate Spade & Company (KATE) has 129.51 Million shares outstanding and 127.73 Million shares were floated in market. The short ratio in the company’s stock is documented at 1.87 and the short float is around of 6.08%. The stock’s average true range of stands at 0.67, while the relative strength index is 15.32.

Liquidity ratios helps investors to determine a company’s ability to pay off its debts. For the most recent quarter, quick ratio was 2.6, current ratio was 3.7, LT Debt/Equity ratio was 0.89 and Total Debt/Equity ratio was 0.9.