NEW YORK, March 31, 2017 /PRNewswire/ --
For today, Stock-Callers.com presents these four Textile Apparel Clothing equities: Michael Kors Holdings Ltd (NYSE: KORS), Lululemon Athletica Inc. (NASDAQ: LULU), Ralph Lauren Corp. (NYSE: RL), and PVH Corp. (NYSE: PVH). According to a report on Euler Hermes, textile and clothing producer prices are forecasted to rise 0.5% in 2017 in the US and China, and by 1.5% in 2018 for the latter. As a result, exports should climb by 3.5% to $925 billion, if no major occurrence upends international trade. Learn more about these stocks by accessing their free research reports at:
London, the UK-based Michael Kors Holdings Ltd's shares saw a slight decline of 0.39%, finishing Thursday's trading session at $38.13. A total volume of 1.68 million shares was traded. In the last month, the stock has advanced 3.33%. The Company's shares are trading below their 50-day moving average by 1.50%. Moreover, shares of Michael Kors, which engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel, have a Relative Strength Index (RSI) of 50.42.
On March 23rd, 2017, Michael Kors announced a host of new products and initiatives designed to further the growth and excitement generated by last fall's launch of MICHAEL KORS ACCESS, the brand's line of smartwatches and activity trackers. The brand will also be launching its wearable technology line in a number of new markets in 2017, including Mainland China and Brazil. Free research report on KORS is available at:
On Thursday, shares in Vancouver, Canada-based Lululemon Athletica Inc. recorded a trading volume of 49.36 million shares, which was above their three months average volume of 1.63 million shares. The stock ended the session 23.44% lower at $50.76. The Company's shares are trading 22.92% below their 50-day moving average. Furthermore, shares of Lululemon Athletica, which together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth, have an RSI of 21.07.
On March 29th, 2017, Lululemon Athletica announced financial results for Q4 2016 and fiscal year ended January 29th, 2017. For Q4 2016, net revenue increased 12% to $789.9 million, and total comparable sales - including comparable store sales and direct to consumer sales - increased 8%, or by 7% on a constant dollar basis. For the fiscal year ended January 29th, 2017, net revenue increased 14% to $2.3 billion, and total comparable sales increased 6%, or by 7% on a constant dollar basis.
On March 30th, 2017, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $92 a share to $78 a share. The complimentary research report on LULU can be downloaded at:
Shares in New York-based Ralph Lauren Corp. closed at $81.90, down 1.29% from the last trading session. The stock recorded a trading volume of 1.07 million shares. The Company's shares have gained 2.28% in the last month. The stock is trading 1.21% above its 50-day moving average. Additionally, shares of Ralph Lauren, which designs, markets, and distributes lifestyle products worldwide, have an RSI of 54.39.
On March 10th, 2017, Ralph Lauren announced that its Board of Directors has declared a regular quarterly dividend of $0.50 per share on its Common Stock. The dividend is payable on April 13th, 2017, to shareholders of record at the close of business on March 31st, 2017. Visit us today and access our complete research report on RL at:
New York-based PVH Corp.'s (PVH) stock ended 0.21% lower at $103.62 with a total trading volume of 755,851 shares. The Company's shares have advanced 12.34% in the last one month, 15.17% over the previous three months, and 14.88% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 12.55% and 3.58%, respectively. Furthermore, shares of PVH, which operates as an apparel Company in the US and internationally, have an RSI of 72.29.
On March 23rd, 2017, PVH and Li & Fung Limited announced that they have entered into agreements for a new supply chain relationship. The agreements transform the current non-exclusive buying agency agreement between the companies into a new strategic partnership in connection with which Li & Fung will provide additional value-added services to PVH. The transaction is expected to close on July 01st, 2017.
On March 24th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. Get free access to your research report on PVH at:
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