NEW YORK, January 6, 2017 /PRNewswire/ --
Companies in the Textile and Apparel Clothing space engage in the design, development, and production of apparel and accessories. They sometimes also retail apparel under many different brand names. These firms are generally structured as corporations, and tend to offer below-average dividend yields. Pre-market, Stock-Callers.com shifts focus on: Michael Kors Holdings Ltd (NYSE: KORS), Lululemon Athletica Inc. (NASDAQ: LULU), PVH Corp. (NYSE: PVH), and Ralph Lauren Corp. (NYSE: RL). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
On Thursday, shares in London, the UK-based Michael Kors Holdings Ltd recorded a trading volume of 3.70 million shares, which was above their three months average volume of 2.86 million shares. The stock ended the session 3.22% lower at $42.10. The Company's shares are trading 11.12% below their 50-day moving average. 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 30.97.
On November 10th, 2016, Michael Kors reported that total revenue decreased 3.7% to $1.09 billion in Q2 FY17 from $1.13 billion in Q2 FY16. The Company's gross profit decreased 3.0% to $644.7 million, and as a percentage of total revenue was 59.2% in the reported quarter. Net income attributed to Michael Kors was $160.9 million, or $0.95 per diluted share in Q2 FY17, compared to net income attributed to Michael Kors for Q2 FY16 of $193.1 million, or $1.01 per diluted share.
On January 03rd, 2017, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to 'Neutral'. Visit us today and access our complete research report on KORS at:
Vancouver, Canada-based Lululemon Athletica Inc.'s stock closed the day 0.98% lower at $68.73, with a total trading volume of 2.29 million shares. The Company's shares have advanced 20.33% in the past month, 16.12% in the previous three months, and 5.75% on an YTD basis. The stock is trading 13.50% above its 50-day moving average and 3.33% above its 200-day moving average. Additionally, 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 65.96.
On December 12th, 2016, research firm FBR & Co. upgraded the Company's stock rating from 'Underperform' to 'Market Perform' while revising its previous target price from $40 a share to $67 a share.
On January 05th, 2017, lululemon athletica announced that it will visit the Nasdaq MarketSite in Times Square. The visit is part of NASDAQ's 6th annual "Fit Week" - from January 03rd to January 06th, 2017 - featuring companies that help individuals lead healthier lifestyles during bell ceremonies. In honor of the occasion, Stuart Haselden, Chief Financial Officer and Executive Vice President, Operations, will ring the Opening Bell. The complimentary report on LULU can be downloaded at:
Shares in New York-based PVH Corp. recorded a trading volume of 2.21 million shares, which was above their three months average volume of 1.14 million shares. The stock ended yesterday's trading session 1.08% higher at $92.96. The Company's shares have advanced 3.01% since the start of this year. The stock is trading below its 200-day moving average by 7.48%. Furthermore, shares of PVH, which operates as apparel company in the US and internationally, have an RSI of 41.50.
On December 12th, 2016, PVH announced that it has expanded its engagement with the United Nations by signing onto the UN Global Compact, in recognizing business's ability to lead change on the global sustainable development agenda, with a focus on the apparel industry. PVH and its Tommy Hilfiger business have also signed the CEO Water Mandate, an initiative to mobilize business leaders to advance water stewardship and to improve access to clean water and sanitation. Earlier this year, PVH signed the UN Women's Empowerment Principles to reinforce its commitment to gender equality in the workplace. Register for free on Stock-Callers.com and access the latest research report on PVH at:
New York-based Ralph Lauren Corp.'s stock finished Thursday's session 1.73% lower at $89.05. A total volume of 2.11 million shares was traded, which was higher than their three months average volume of 877,360 shares. The Company's shares are trading below their 200-day moving average by 8.29%. Additionally, shares of Ralph Lauren, which designs, markets, and distributes lifestyle products worldwide, have an RSI of 31.10.
On December 13th, 2016, Ralph Lauren announced that its Board of Directors has declared a regular quarterly dividend of $0.50 per share on Ralph Lauren's Common Stock. The dividend is payable on January 13th, 2017 to shareholders of record at the close of business on December 30th, 2016. Get free access to your research report on RL at:
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SOURCE Chelmsford Park SA