NEW YORK (TheStreet) -- Shares of Kate Spade & Co
(KATE) are investing in the red, declining by 0. 2% to $30. 70 in pre-market trading on Thursday, following a scores cut to "market perform" made by "outperform" by analysts at BMO Capital Markets this morning.
Analysts within investment firm also lowered their own price target on shares method fashion brand to $32 from the previous $48. BMO cited rising concerns over the retailer's promotional sports activity in the premium department store channel.
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New York City-based Kate Spade designs and markets a particular portfolio of retail-based, premium labels, including Juicy Couture iPhone case, Kate Spade, and Lucky Brand.
Separately, TheStreet Ratings team rates KATE SPADE & CO as a Hold by using ratings score of C. TheStreet Ratings Team has this to say of their recommendation:
"We rate KATE SPADE & CO (KATE) a particular HOLD. The primary factors that have stricken our rating are mixed, numerous indicating strength, some showing weak spots, with little evidence to explain the expectation of either a effective or negative performance for this catalog relative to most other stocks. The company's good parts can be seen in multiple areas, such as their own notable return on equity, strategy revenue growth and good net income from operations. However , as a get around to these strengths, we also determine weaknesses including a generally disappointing overall in the stock itself, generally big debt management risk and premium worth. "
Highlights from the analysis with TheStreet Ratings Team goes below:
Compared to other companies in the Textiles, Shirts & Luxury Goods industry additionally , the overall market, KATE SPADE and also CO's return on equity sufficiently exceeds that of both the industry get around and the S&P 500.
The revenue emergence came in higher than the industry average coming from all 17. 1%. Since the same sampling one year prior, revenues rose with 30. 0%. Growth in the firm's revenue appears to have helped raise the earnings per share.
The yucky profit margin for KATE SPADE & CO is rather high; previously it is at 62. 82%. It's got increased from the same quarter the last year. Regardless of the strong results of the type of gross profit margin, the net money margin of -3. 64% is in fact in-line with the industry average.
Unquestionably the debt-to-equity ratio is very high by 5. 83 and currently more elevated than the industry average, implying increased threat associated with the management of debt development within the company. To add to this, KATE has a quick ratio of zero. 68, this demonstrates the lack of the power of the company to cover not long term liquidity needs.
You can view the full investigation from the report here: KATE Reviews Report
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