Friday, 24 November, 2017

Kate Spade Confirms It Is Exploring Strategic Alternatives

Nellie Chapman | 17 February, 2017, 01:41

This Retail-Wholesale Sector stock now has the Market Capitalization of 2.52 Billion. A rating of 1 or 2 would represent a Buy, and a 3 rating would signify a Hold on the stock. The Stock has a 52-Week High of $26.46 and 52-Week Low of $14.02 following the dates, it touched its 52-Week High on April 28, 2016 and 52-Week Low on Dec 22, 2016. (NYSE:YELP) established that the company was able to keep return on investment at -0.61 in the trailing twelve month while Reuters data showed that industry's average stands at 14.43 and sector's optimum level is 9.41.

Sales per square foot at stores open at least a year fell 2.4% in the 12-month period ending October 1. The Short Ratio for the stock is 2.68.

Kate Spade fall '17 collection.

(-) BBW, Non-GAAP Q4 EPS of $0.31 misses analyst mean by $0.40 per share. The TTM operating margin is 12.1 percent.

Shares for Kate Spade & Co. rallied in early morning trading after the company confirmed, following months of speculation, that it is indeed on the selling block. The estimated EPS for the current quarter is said to be $0.35.

Kate Spade posted earnings of 41 cents per share, surpassing the Zacks Consensus Estimate of 35 cents per share; investors should note this number excludes 25 cents from non-recurring items.

Kate Spade (NYSE:KATE) is reportedly seeking a buyer for its business.

Kate Spade also reported mixed fourth quarter earnings on Thursday amidst a "challenging retail environment". The year-to-date performance of the stock is 5.36%. Before Earnings Announcement on 08/03/2016, the firm had its stock price of $20.14. It opened the session with a $9.49 price tag, later ranging from $9.2 to $9.49, the range at which the stock has traded at throughout the day.

Kate Spade changed its name from Fifth & Pacific Cos three years after that holding company sold off its Juicy Couture and Lucky Brand labels. Thus showing a Surprise of 0 percent. The firm has a 50 day moving average price of $18.36 and a 200-day moving average price of $17.53.