BlackRock Inc. Purchases 146,677 Shares of Kate Spade & Co (KATE)

BlackRock Inc. boosted its position in Kate Spade & Co (NYSE:KATE) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,072,353 shares of the textile maker’s stock after purchasing an additional 146,677 shares during the quarter. BlackRock Inc.’s holdings in Kate Spade & Co were worth $186,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KATE. UBS Asset Management Americas Inc. raised its stake in Kate Spade & Co by 22.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 89,739 shares of the textile maker’s stock valued at $2,085,000 after purchasing an additional 16,200 shares during the last quarter. Karp Capital Management Corp acquired a new position in Kate Spade & Co in the 1st quarter valued at $577,000. Parametric Portfolio Associates LLC raised its stake in Kate Spade & Co by 70.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 108,648 shares of the textile maker’s stock valued at $2,524,000 after purchasing an additional 45,069 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kate Spade & Co by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 605,447 shares of the textile maker’s stock worth $14,065,000 after acquiring an additional 26,663 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Kate Spade & Co by 8.0% in the 1st quarter. Arizona State Retirement System now owns 53,400 shares of the textile maker’s stock worth $1,240,000 after acquiring an additional 3,942 shares during the last quarter. 97.87% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts have issued reports on the company. BidaskClub raised 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 target price on Kate Spade & Co and gave the stock a “hold” rating in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.46.

About Kate Spade & Co

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).

Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

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