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Kate Spade Sell For a 21.23% Gain in 11 Days

Posted by on January 2, 2017 12:48 PM
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Categories: Stocks

January 2, 2017: Sell Kate Spade for a 21.23% gain in 11 trading days. Congratulations if you were able to make money on the trade.

December 29, 2016: Kate Spade reportedly plans to begin formal sale process in January; said to have six possible bidders in mind, mainly other retailers.

December 28, 2016: According to reports in the mainstream financial press, Kate Spade reportedly is considering a sale of the company. Kate Spade has hired advisers to contact potential buyers. Retail analyst Dana Telsey says in CNBC interview today that Coach and Kors both have the cash to potentially purchase Kate Spade.

Seeing heavy call activity in Kate Spade on the news today. January $14.75 and $16 calls were active.

December 28, 2016: In addition to the selling of the company news, Kate Spade reported Q1 EPS miss of $0.01 adj versus the $0.02 estimate. Revenue beat coming in at $240 million versus the $239 million estimate.

– Affirms FY15 R$1.2-1.28B v $1.25Be; EBITDA $185-200M as given last on 3/3

– Adj EBITDA $25M v $17M y/y

December 14, 2016: Seeing heavy call activity in Kate Spade, 4300 Apr 15 calls trade at $1.97.

November 11, 2016: S&P raises Kate Spade rating one notch to BB- from B+; outlook revised to stable from positive.

November 3, 2016: The price target of Kate Spade was cut to $19 from $23 at Nomura. Nomura reiterates a Buy rating on Kate Spade.

Kate Spade Stock Chart

Kate Spade & Company designs and markets accessories and apparel principally under two global, multichannel lifestyle brands: Kate Spade New York and Jack Spade.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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  • KATE’s heavy call action you mentioned Dec 14 is now goung to pay off. Serious dojo candle as of 10:15.