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:
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:
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:
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:
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:
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