Kate Spade & Co. (KATE) Tops Q4 EPS by 6c
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Kate Spade (KATE) PT Raised to $23 at Cowen; Reiterates Market Perform
February 16, 2017 3:52 PM ESTCowen raised its price target on Kate Spade (NYSE: KATE) to $23.00 (from $20.00) while maintaining a Market Perform rating. Cowen continues to believe KATE is likely to get sold.
Analyst Oliver Chen commented, "We reiterate our prior belief that 80% chance of deal... More
Kate Spade (KATE) Says It's Reviewing Strategic Alternatives
February 16, 2017 8:03 AM ESTKate Spade & Company (NYSE: KATE) today announced results for the fourth quarter and full year ended December 31, 2016.
Craig A. Leavitt, Chief Executive Officer of Kate Spade & Company, said: "Our solid fourth quarter and fiscal year performance demonstrate the strength of our differentiated business model, as we continued to gain market share and deliver strong growth despite a challenging retail environment. In 2016, we further strengthened our handbag portfolio, introduced new categories to our casual ready-to-wear classifications, and thoughtfully expanded our global store base, opening 52 net new owned and partner-operated stores. At the same... More
