NEW YORK, August 16, 2016 /PRNewswire/ --
Demand in the Textile and Apparel Clothing industry is largely driven by consumer tastes. Manufacturers are constantly being challenged by changing consumer preferences, increasing competition, high labor costs, and modernization. Today, Stock-Callers.com has issued research reports on these four familiar names: Under Armour Inc. (NYSE: UA), Hanesbrands Inc. (NYSE: HBI), Michael Kors Holdings Ltd (NYSE: KORS), and Kate Spade & Co. (NYSE: KATE). Learn more about these stocks by accessing their free research reports at:
On Monday, shares in Baltimore, Maryland headquartered Under Armour Inc. recorded a trading volume of 5.00 million shares. The stock ended the day at $42.24, climbing 2.80%. The Company's shares have gained 1.34% in the last one month, 13.79% over the previous three months, and 4.80% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.99% and 3.53%, respectively. Furthermore, shares of Under Armour, which together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth, have a Relative Strength Index (RSI) of 62.56.
On August 11th, 2016, Under Armour announced the appointment of Kip Fulks as Chief Product Officer, Colin Browne as President of Global Sourcing, and Andy Donkin as Chief Marketing Officer. Mr. Donkin and Mr. Browne will both report to Mr. Fulks. As Kevin Plank's first partner, Fulks has served in top leadership roles with the brand since its inception. A seasoned industry veteran, Mr. Browne has over 25 years of experience and most recently was Vice President and Managing Director of VF Corporation. Mr. Donkin joins Under Armour from Amazon, where he served as the Head of Worldwide Mass and Brand Marketing.
On August 12th, 2016, research firm Susquehanna initiated a 'Positive' rating on the Company's stock, issuing a target price of $42 per share. Free research report on UA is available at:
Winston-Salem, North Carolina headquartered Hanesbrands Inc.'s stock finished yesterday's session 0.44% higher at $27.23, with a total volume of 3.23 million shares traded. The Company's shares have gained 2.98% in the last one month and 0.92% over the previous three months. The stock is trading above its 50-day moving average by 4.02%. Furthermore, shares of Hanesbrands, which designs, manufactures, sources, and sells various basic apparels for men, women, and children in the US, have an RSI of 61.08.
On August 2nd, 2016, Hanesbrands announced that net sales declined 3% to $1.47 billion for the quarter ended July 2, 2016, as a result of comparisons with strong performance in the year-ago quarter that included expanded shelf space for product launches. On a GAAP basis, operating profit of $221 million increased 59% and earnings per diluted share of $0.34 increased 48% on y-o-y basis. The complimentary research report on HBI can be downloaded at:
Michael Kors Holdings
At the closing bell on Monday, shares in London, the UK-based Michael Kors Holdings Ltd rose 2.40%, ending the day at $49.96. The stock recorded a trading volume of 3.19 million shares. The Company's shares have advanced 20.50% in the previous three months and 24.71% on an YTD basis. The stock is trading 4.83% above its 200-day moving average. Moreover, shares of Michael Kors Holdings, which engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel, have an RSI of 48.24.
On August 10th, 2016, Michael Kors Holdings announced that Q1 FY17 total revenue increased 0.2% to $987.9 million from $986.0 million in Q1 FY16. Net income attributable to the company was $147.1 million, or $0.83 per diluted share, compared to net income attributable to the company in Q1 FY16 of $174.4 million, or $0.87 per diluted share.
On August 11th, 2016, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $46 a share to $44 a share. Visit us today and access our complete research report on KORS at:
New York-based Kate Spade & Co.'s stock ended the day 0.32% lower at $18.89. A total volume of 3.49 million shares was traded, which was above their three months average volume of 2.87 million shares. The Company's shares have gained 6.30% on an YTD basis. The stock is trading 7.25% below its 50-day moving average. Additionally, shares of Kate Spade & Co., which together with its subsidiaries, designs and markets apparel and accessories, have an RSI of 45.80.
On August 04th, 2016, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $30 a share to $22 a share. Get free access to your research report on KATE at:
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