Mercredi, 13 Novembre 2019
Dernières nouvelles
Principale » Analyst Commentary On Kate Spade & Company (KATE), Facebook, Inc. (FB)

Analyst Commentary On Kate Spade & Company (KATE), Facebook, Inc. (FB)

12 Juillet 2017

Shares from the company will be delisted from the New York Stock Exchange on Wednesday (12Jul17). (NYSE:COH) (SEHK:6388), a leading NY design house of modern luxury accessories and lifestyle brands, today (Jul. 10, 2017) announced that its wholly owned subsidiary has successfully completed its previously announced tender offer for all of the outstanding shares of common stock, par value $1.00 per share, of Kate Spade & Company (NYSE:KATE), at a price of $18.50 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes.

Several research firms recently weighed in on KATE. Tyers Asset Management LLC increased its position in shares of Kate Spade & Company by 16.0% in the first quarter. Lee Capital Management LP acquired a new stake in shares of Kate Spade & Company during the first quarter worth $395,000. Accern also assigned news headlines about the textile maker an impact score of 84 out of 100, meaning that recent press coverage is very likely to have an impact on the stock's share price in the next few days. BlackRock Inc. raised its stake in shares of Kate Spade & Company by 10,025.1% in the first quarter. AQR Capital Management LLC now owns 1,990,466 shares of the textile maker's stock valued at $37,162,000 after buying an additional 499,960 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Kate Spade & Company by 1.3% in the first quarter. Finally, GLG LLC increased its stake in Kate Spade & Company by 6.8% in the fourth 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.

Shares of Kate Spade & Company (NYSE KATE) opened at 18.49 on Thursday. The firm has a 50-day moving average of $18.45 and a 200-day moving average of $19.25.

This stock (KATE) is ahead of its 52-week low with 31.88%.

Kerala: BJP office vandalised, torched in Kannur; RSS worker hacked
In May this year, a 32-year-old BJP activist, who was an acused in murder case of CPM activist Dhanaraj, was hacked to death. After a forensic examination, it will be known whether a petrol bomb was used in setting the building ablaze.

Kate Spade & Company (NYSE:KATE) last issued its quarterly earnings results on Tuesday, April 18th. The textile maker reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by $0.06. Kate Spade & Company had a return on equity of 22.47% and a net margin of 10.40%. The firm had revenue of $271 million during the quarter, compared to the consensus estimate of $299.08 million. During the same quarter a year ago, the firm earned $0.05 earnings per share. The firm's quarterly revenue was down 1.1% compared to the same quarter previous year. JPMorgan Chase & Co. owned approximately 0.47% of Kate Spade & Company worth $14,065,000 as of its most recent filing with the SEC.

COPYRIGHT VIOLATION WARNING: This article was first published by Stock Observer and is the sole property of of Stock Observer. BidaskClub upgraded Kate Spade & Company from a "sell" rating to a "hold" rating in a report on Saturday, June 17th. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and worldwide copyright and trademark legislation. The legal version of this news story can be read at https://www.themarketsdaily.com/2017/07/11/ironwood-investment-management-llc-reduces-stake-in-kate-spade-company-kate-updated-updated.html.

KATE has been the subject of a number of analyst reports. BMO Capital Markets set a $19.00 target price on Kate Spade & Company and gave the stock a "hold" rating in a research report on Tuesday, April 18th. William Blair downgraded shares of Kate Spade & Company from an "outperform" rating to a "market perform" rating in a research note on Monday, May 8th.

The parties expect to complete the acquisition of all remaining outstanding shares of Kate Spade & Company on Tuesday, July 11, 2017, pursuant to a merger of Coach, Inc.'s wholly owned subsidiary into Kate Spade & Company. Facebook, Inc. has 21 buy ratings, 3 holds and 0 sells even after the stock tumbled -1.92% from its high of $156.5 to a $449.41 billion market value through last close.

Analyst Commentary On Kate Spade & Company (KATE), Facebook, Inc. (FB)