Thrivent Financial For Lutherans reduced its position in shares of Kate Spade & Co (NYSE:KATE) by 84.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,920 shares of the textile maker’s stock after selling 141,373 shares during the period. Thrivent Financial For Lutherans’ holdings in Kate Spade & Co were worth $479,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stevens Capital Management LP acquired a new position in Kate Spade & Co during the second quarter valued at approximately $9,316,000. BT Investment Management Ltd acquired a new position in Kate Spade & Co during the second quarter valued at approximately $102,000. Amalgamated Bank lifted its position in Kate Spade & Co by 25.3% during the second quarter. Amalgamated Bank now owns 25,777 shares of the textile maker’s stock valued at $477,000 after buying an additional 5,203 shares in the last quarter. BlackRock Inc. raised its stake in shares of Kate Spade & Co by 1.5% during the second quarter. BlackRock Inc. now owns 10,072,353 shares of the textile maker’s stock valued at $186,238,000 after purchasing an additional 146,677 shares during the period. Finally, Capital Fund Management S.A. raised its stake in shares of Kate Spade & Co by 2,817.4% during the second quarter. Capital Fund Management S.A. now owns 326,090 shares of the textile maker’s stock valued at $6,029,000 after purchasing an additional 338,090 shares during the period. 97.87% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. BMO Capital Markets set a $19.00 price objective on shares of Kate Spade & Co and gave the company a “hold” rating in a research note on Thursday, July 6th. BidaskClub lowered shares of Kate Spade & Co from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.46.
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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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