Barings LLC held its stake in shares of Kate Spade & Co (NYSE:KATE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,000 shares of the textile maker’s stock at the close of the second quarter. Barings LLC’s holdings in Kate Spade & Co were worth $906,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of KATE. BT Investment Management Ltd purchased a new stake in Kate Spade & Co in the 2nd quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kate Spade & Co by 42.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,546 shares of the textile maker’s stock worth $103,000 after purchasing an additional 1,647 shares in the last quarter. UBS Oconnor LLC purchased a new stake in Kate Spade & Co in the 2nd quarter worth approximately $186,000. Teacher Retirement System of Texas boosted its position in Kate Spade & Co by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,276 shares of the textile maker’s stock worth $190,000 after purchasing an additional 137 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Kate Spade & Co in the 1st quarter worth approximately $220,000. Institutional investors own 97.87% of the company’s stock.
KATE has been the topic of several recent research reports. BidaskClub upgraded Kate Spade & Co from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. BMO Capital Markets set a $19.00 price objective on Kate Spade & Co and gave the stock a “hold” rating in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target 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).
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