Schwab Charles Investment Management Inc. Has $6.27 Million Holdings in Kate Spade & Co (KATE)

Schwab Charles Investment Management Inc. grew its stake in Kate Spade & Co (NYSE:KATE) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 339,025 shares of the textile maker’s stock after buying an additional 5,515 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Kate Spade & Co were worth $6,269,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Longfellow Investment Management Co. LLC acquired a new position in shares of Kate Spade & Co during the 2nd quarter worth about $11,645,000. Virtu Financial LLC acquired a new position in shares of Kate Spade & Co during the 2nd quarter worth about $723,000. Two Sigma Securities LLC acquired a new position in shares of Kate Spade & Co during the 1st quarter worth about $220,000. New York State Teachers Retirement System lifted its position in shares of Kate Spade & Co by 5.4% during the 1st quarter. New York State Teachers Retirement System now owns 229,805 shares of the textile maker’s stock worth $5,338,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Kate Spade & Co by 114.0% during the 1st quarter. Morgan Stanley now owns 871,171 shares of the textile maker’s stock worth $20,238,000 after purchasing an additional 464,075 shares during the last quarter. 97.87% of the stock is owned by institutional investors.

KATE has been the subject of several research analyst reports. BidaskClub cut Kate Spade & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. 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 analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.46.

WARNING: “Schwab Charles Investment Management Inc. Has $6.27 Million Holdings in Kate Spade & Co (KATE)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/schwab-charles-investment-management-inc-has-6-27-million-holdings-i

Several other large investors also recently made changes to their positions in the business. Longfellow Investment Management Co. LLC acquired a new position in shares of Kate Spade & Co during the 2nd quarter worth about $11,645,000. Virtu Financial LLC acquired a new position in shares of Kate Spade & Co during the 2nd quarter worth about $723,000. Two Sigma Securities LLC acquired a new position in shares of Kate Spade & Co during the 1st quarter worth about $220,000. New York State Teachers Retirement System lifted its position in shares of Kate Spade & Co by 5.4% during the 1st quarter. New York State Teachers Retirement System now owns 229,805 shares of the textile maker’s stock worth $5,338,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Kate Spade & Co by 114.0% during the 1st quarter. Morgan Stanley now owns 871,171 shares of the textile maker’s stock worth $20,238,000 after purchasing an additional 464,075 shares during the last quarter. 97.87% of the stock is owned by institutional investors.

KATE has been the subject of several research analyst reports. BidaskClub cut Kate Spade & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. 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 analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.46.

WARNING: “Schwab Charles Investment Management Inc. Has $6.27 Million Holdings in Kate Spade & Co (KATE)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/11/schwab-charles-investment-management-inc-has-6-27-million-holdings-in-kate-spade-co-kate.html.

Kate Spade & Co Profile

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).

Institutional Ownership by Quarter for Kate Spade & Co (NYSE:KATE)

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