Apparel Footwear & Accessories Stocks Technical Report -- Fossil, Wolverine World Wide, Iconix Brand, and Crocs

Aug 29, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, August 29, 2016 /PRNewswire/ --

The Textile Apparel Footwear and Accessories industry is composed of companies that design, manufacture, and retail fashion products such as clothing, footwear, equipment, and accessories. Stocks in this space offer average dividend yields that are in-line with the wider market. Today on Stock-Callers.com, we cover these featured equities: Fossil Group Inc. (NASDAQ: FOSL), Wolverine World Wide Inc. (NYSE: WWW), Iconix Brand Group Inc. (NASDAQ: ICON), and Crocs Inc. (NASDAQ: CROX). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

http://stock-callers.com/registration

Fossil Group  

Last Friday, Richardson, Texas headquartered Fossil Group Inc.'s stock dropped 1.86%, closing the day at $29.50 with a total volume of 884,365 shares traded. The Company's shares have advanced 6.46% in the previous three months and are trading 1.95% below their 50-day moving average. Additionally, shares of Fossil Group, which together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories, have a Relative Strength Index (RSI) of 42.44.

On August 9th, 2016, Fossil Group reported net income for Q2 FY16 of $6.0 million compared to $54.6 million for Q2 FY15. Diluted earnings per share were $0.12, compared to $1.12 for Q2 FY15. The company's net sales was $685.4 million for Q2 2016, down 7% from net sales of $740.0 million in the year ago quarter.

On August 10th, 2016, research firm Mizuho reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $27 a share to $29 a share. Visit us today and access our complete research report on FOSL at:

http://stock-callers.com/registration/?symbol=FOSL

Wolverine World Wide  

Shares in Rockford, Michigan-based Wolverine World Wide Inc. saw a slight decline of 0.20%, finishing Friday's session at $24.66. The stock recorded a trading volume of 475,164 shares. The Company's shares have gained 0.74% in the last month, 37.28% in the previous three months, and 48.53% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.92% and 29.91%, respectively. Furthermore, shares of Wolverine World Wide, which designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories, have an RSI of 60.66.

On August 12th, 2016, research firm Susquehanna initiated a 'Negative' rating on the Company's stock, issuing a target price of $20 per share.

On August 16th, 2016, the company announced the pricing of its offering of $250 million aggregate principal amount of 5.000% Senior Notes due 2026. The Company intends to use the net proceeds from the offering, together with borrowings under its senior credit facility and cash on hand, to fund the redemption of its outstanding 6.125% Senior Notes due 2020, and pay related fees and expenses. The offering is expected to close on August 30th, 2016. The complimentary report on WWW can be downloaded at:

http://stock-callers.com/registration/?symbol=WWW

Iconix Brand Group  

New York-based Iconix Brand Group Inc.'s stock finished 3.30% lower at $8.50 with a total volume of 953,515 shares traded. The Company's shares have advanced 19.38% in the past month, 12.43% over the previous three months, and 24.45% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.92% and 15.38%, respectively. Additionally, shares of Iconix Brand Group, which owns a portfolio of consumer brands across women's, men's, entertainment, and home industries in the US and internationally, have an RSI of 57.93.

On August 4th, 2016, the company reported that for Q2 2016 licensing revenue was approximately $95.7 million, a 2% decline as compared to approximately $97.4 million in Q2 2015. The company noted GAAP net income was approximately $11.6 million in Q2 2016, a 16% decline as compared to approximately $13.7 million in Q2 2015. Register for free on Stock-Callers.com and access the latest research report on ICON at:

http://stock-callers.com/registration/?symbol=ICON

Crocs  

Shares in Niwot, Colorado headquartered Crocs Inc. ended the session 1.15% lower at $8.60 and with a total volume of 426,997 shares traded. The stock is trading 12.65% below its 200-day moving average. Shares of the Company, which together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide, have an RSI of 33.44.

On August 03rd, 2016, Crocs reported GAAP net income attributable to common stockholders of $11.7 million, or $0.13 per diluted share, in Q2 2016 compared to net income attributable to common stockholders of $9.7 million, or $0.11 per diluted share, in the year ago quarter. The company reported revenue of $323.8 million in the reported quarter down 6.3% on y-o-y basis.

On August 12th, 2016, research firm Susquehanna initiated a 'Neutral' rating on the Company's stock, issuing a target price of $9.50 per share. Get free access to your research report on CROX at:

http://stock-callers.com/registration/?symbol=CROX

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: info@stock-callers.com Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA