Kate Spade Shares Are 'Fully Valued,' SunTrust Says

In a report published Wednesday, SunTrust Robinson Humphrey analyst Pamela Quintiliano maintained a Neutral rating on

, after the company reported robust results for 4Q. In the report, SunTrust Robinson Humphrey noted, "KATE posted adjusted 4Q EPS of $0.28 vs STRH/Street of $0.28 on solid top-line results partly offset by GM/SG&A pressure. F15 guidance reiterated." "The two axes of growth (category/international expansion) were updated with new licensing agreements in home and activity across categories (Fossil partnership, children's launch and KSS/Jack Spade developments) and regions (China JV and U.K. e-com)," Quintiliano wrote. "While we view these developments favorably, we believe shares are fully valued," the analyst added.