Kate Spade Receives a Hold from BMO Capital

By Carrie Williams

BMO Capital analyst John Morris reiterated a Hold rating on Kate Spade (NYSE: KATE) yesterday. The company’s shares opened today at $15.02, close to its 52-week low of $14.26.

According to TipRanks.com, Morris is a 1-star analyst with an average return of -4.1% and a 32.0% success rate. Morris covers the Services sector, focusing on stocks such as Duluth Holdings Inc, Abercrombie Fitch, and Burlington Stores.

Kate Spade has an analyst consensus of Moderate Buy.

The company has a one year high of $26.46 and a one year low of $14.26. Currently, Kate Spade has an average volume of 2.93M.

Kate Spade & Co. designs and markets a portfolio of retail-based, premium brands including Kate Spade and Jack Spade. The company operates through three segments: KATE SPADE North America, KATE SPADE International and Adelington Design Group segment. The KATE SPADE North America segment includes Kate spade New York, KATE SPADE SATURDAY and JACK SPADE brands in North America. The Kate spade New York brand offers fashion products for women and children, as well as home products, under the Kate spade New York trademark. The kate spade new york brand product line includes handbags, small leather goods, fashion accessories, jewelry, fragrances and apparel along with existing licensing agreements for footwear, swimwear, watches, optics, tabletop products, legwear, electronics cases, bedding and stationery. The JACK SPADE brand offers fashion products for men, including briefcases, travel bags, small leather goods, fashion accessories and apparel under the JACK SPADE trademark. The KATE SPADE International segment consists of Kate spade New York, KATE SPADE SATURDAY and JACK SPADE brands in International markets. The Adelington Design Group segment consists of exclusive arrangements to supply jewelry for the LIZ CLAIBORNE and MONET brands; the wholesale apparel non-apparel operations of the licensed LIZWEAR brand and other brands; the licensed LIZ CLAIBORNE NEW YORK brand. The company was founded by Liz Claiborne, Art Ortenberg, Leonard Boxer and Jerome Chazen in January 1976 and is headquartered New York, NY.