Shares in Baltimore, Maryland headquartered Under Armour Inc. ended Friday's session 0.98% lower at $25.23 with a total trading volume of 1.44 million shares. The stock is trading 19.14% below its 50-day moving average. Shares of the Company, which together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia/Pacific, and Latin America, have a Relative Strength Index (RSI) of 29.47.
On November 28th, 2016, research firm Stifel reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $33 a share to $28 a share.
On December 14th, 2016, Under Armour announced the brand's newest UA Record Equipped running shoes - UA SpeedForm® Gemini 3 RE, UA SpeedForm® Velociti RE, and UA SpeedForm® Europa RE. The new shoes are powered exclusively by MapMyRun, Under Armour's mobile app and global digital running community. The latest line of UA Record Equipped footwear features three unique styles, and is an expansion of Under Armour's successful launch of the UA SpeedForm Gemini 2 RE, the brand's first smart shoe, which was released earlier this year. With footwear as a major growth driver for Under Armour, the Company plans to more than double the number of units of Connected Footwear worldwide in 2017 with global distribution to North America, Europe, the Middle East, Australia, New Zealand, Japan, and for the first time, Greater China. Free research report on UA is available at:
Winston-Salem, North Carolina headquartered Hanesbrands Inc.'s shares saw a slight decline of 0.14%, closing the day at $21.69 with a total trading volume of 3.43 million shares. The stock is trading 8.89% below its 50-day moving average. Shares of the Company, which designs, manufactures, sources, and sells various basic apparels for men, women, and children in the US, have an RSI of 34.63.
On December 12th, 2016, research firm CL King upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On December 15th, 2016, Hanesbrands announced that it will sell its Australian Dunlop Flooring and Tontine pillow businesses as planned. Hanesbrands has agreed to sell the business and assets of Dunlop Flooring in an all-cash transaction for AUD34 million (US$25 million) to UK-based Victoria PLC. The Company has also sold the Tontine pillow and quilt business and assets in an all-cash transaction for AUD14 million (US$10 million) to John Cotton Group, a privately held international pillow and quilt manufacturer based in the UK. The complimentary research report on HBI can be downloaded at:
Last Friday, shares in Greensboro, North Carolina headquartered V.F. Corp. declined 0.45%, closing the session at $53.30. The stock recorded a trading volume of 2.58 million shares. The Company's shares are trading 2.95% below their 50-day moving average. Furthermore, shares of V.F. Corp., which engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products in the US and Europe, have an RSI of 40.79.
On December 19th, 2016, VF Corp., in partnership with the Paradigm for Parity coalition, announced its commitment to achieving gender parity throughout its corporate leadership structure by 2030. Visit us today and access our complete research report on VFC at:
New York-based Kate Spade & Co.'s stock finished the session 0.93% higher at $14.15 with a total trading volume of 1.69 million shares. The Company's shares are trading below their 50-day moving average by 12.20%. Shares of the Company, which together with its subsidiaries, designs and markets apparel and accessories, have an RSI of 37.46.
On November 02nd, 2016, Kate Spade reported that net sales for Q3 2016 were $317 million, an increase of $39 million, or 14.1% compared to Q3 2015. Gross profit as a percentage of net sales was 59.4% for the reported quarter compared to 61.2% for the Q3 2015. The Company's income from continuing operations was $30 million, or $0.23 per diluted share, in Q3 2016 compared to $5 million, or $0.04 per diluted share, in Q3 2015.
On December 13th, 2016, research firm Mizuho reiterated its 'Buy' rating on the Company's stock, with a target price of $21 per share. Get free access to your research report on KATE at:
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