Analyst Price Target Update on Kate Spade & Company

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"We remain focused on our two key axes of growth - geographic expansion and product category expansion - and selected the Regent Street location based on customer demand and existing success in this market", said Craig Leavitt, Chief Executive Officer of Kate Spade & Company.

Research firm Zacks has rated Kate Spade & Company (NYSE:KATE) and has ranked it at 3, indicating that for the short term the shares are a hold.

Several equities research analysts recently commented on the stock. SunTrust reiterated a "neutral" rating and set a $25.00 price target (down from $32.00) on shares of Kate Spade & Co in a report on Friday, August 7th.

The overall rating for the company is 1.62. Kate Spade & Co's quarterly revenue was up 26.1% compared to the same quarter a year ago.

Kate Spade & Company (NYSE:KATE): On Thursday heightened volatility was witnessed in Kate Spade & Company (NYSE:KATE) which led to swings in the share price. The stock has a 52-week high price of $35.75 and its 52-week low was recorded at $16.76. Kate Spade & Co presently has a consensus rating of "Buy" and a consensus target price of $33.59.

Saving the day for RL stock was management's forward guidance of $2.03 billion to $2.07 billion in revenue, above the street's consensus for $2.04 billion.

Firm & Kate Spade is engaged in the design and advertising of a wide selection of accessories and clothing. KATE SPADE global section consists in worldwide markets of the Company's kate spade JACK SPADE, KATE SPADE SATURDAY and new york brands. The company's Adelington Design Group saw sales rise 40 percent to $6 million. The Company operates specialty retail stores, outlet stores and concession shops. Adelington Design Group segment is made of exclusive arrangements to provide jewelry for MONET brands and the LIZ CLAIBORNE; the wholesale clothes and wholesale non -clothes businesses of the authorized LIZWEAR brand along with other brands, and the LIZ CLAIBORNE NEW YORK brand that is authorized.