Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Kate Spade & Co (KATE) Stock Price

Press coverage about Kate Spade & Co (NYSE:KATE) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kate Spade & Co earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.7260810891282 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of analysts have weighed in on KATE shares. BMO Capital Markets set a $19.00 price objective on shares of Kate Spade & Co and gave the stock a “hold” rating in a report on Thursday, July 6th. BidaskClub cut shares of Kate Spade & Co from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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