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Kate Spade (KATE) Catches Eye: Stock Moves 23.1% Higher

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Kate Spade & Company was a big mover last session, as its shares rose a little over 23% on the day. The move came after The Wall Street Journal reported that the company was exploring a sale. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.02 to $17.01 in the past one-month time frame.

Over the last 30 days, the company witnessed one positive revision while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Kate Spade currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the retail-apparel and shoes space is The Children's Place, Inc. (PLCE - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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