How These Textile Stocks are Faring? -- Crocs, Deckers Outdoor, Iconix Brand, and Steven Madden
NEW YORK, February 9, 2017 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com directs investors' attention to Crocs Inc. (NASDAQ: CROX), Deckers Outdoor Corp. (NYSE: DECK), Iconix Brand Group Inc. (NASDAQ: ICON), and Steven Madden Ltd (NASDAQ: SHOO). These Textile and Apparel Footwear and Accessories companies design, manufacture, and retail fashion products related to footwear, along with other equipment and accessories. Structured as corporations, they offer average dividend yields that are in-line with the wider market. Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Crocs
Colorado headquartered Crocs Inc.'s stock finished Wednesday's session 1.65% higher at $6.77. A total volume of 1.23 million shares was traded, which was above their three months average volume of 963,890 shares. The Company's shares are trading 5.62% below their 50-day moving average. Additionally, shares of Crocs, which together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide, have a Relative Strength Index (RSI) of 37.58.
On January 31st, 2017, Crocs announced that it has chosen PlumRiver LLC to help the Company enhance its wholesale retailer merchandising program through the roll out of a global B2B ecommerce initiative. The new platform is designed to give retailers greater visibility into Crocs product lines, provide real-time access to inventory, create a more seamless purchasing process and provide key improvements to the retailer user experience. The expected results for Crocs are cost savings through new B2B process efficiencies and increased revenue through enhanced sales growth. Access our complete research report on CROX for free at:
http://stock-callers.com/registration/?symbol=CROX
Deckers Outdoor
On Wednesday, shares in California headquartered Deckers Outdoor Corp. recorded a trading volume of 7.19 million shares, which was higher than their three months average volume of 959,890 shares. The stock ended the session 8.98% higher at $49.03. The Company's shares are trading 15.09% below their 50-day moving average. Moreover, shares of Deckers Outdoor, which together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities, have an RSI of 32.96.
On February 02nd, 2017, Deckers reported that net sales decreased 4.5% to $760.3 million in Q3 FY17 compared to $795.9 million in Q3 FY16. On a constant currency basis, net sales decreased 3.7%. The Company's gross margin was 50.5% in Q3 FY17 compared to 49.1% for Q3 FY16. For Q3 FY17, Deckers reported operating income of $53.3 million compared to $202.5 million for Q3 FY16. The Company's diluted earnings per share were $1.27 in Q3 FY17 compared to $4.78 for Q3 FY16. Decker's non-GAAP diluted earnings per share were $4.11 for Q3 FY17.
On February 03rd, 2017, research firm Susquehanna upgraded the Company's stock rating from 'Negative' to 'Neutral'. The complimentary research report on DECK can be downloaded at:
http://stock-callers.com/registration/?symbol=DECK
Iconix Brand
Shares in New York-based Iconix Brand Group Inc. closed the day 2.88% higher at $9.28. The stock recorded a trading volume of 610,401 shares. The Company's shares have gained 16.00% in the previous three months. The stock is trading 11.24% above its 200-day moving average. 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 40.78.
On December 30th, 2016, Iconix Brand announced that it has signed an agreement to sell the rights to the Sharper Image brand and related intellectual property assets to ThreeSixty Group, the brand's largest licensee, for $100 million in cash. Register for free on Stock-Callers.com and get access to the latest PDF format report on ICON at:
http://stock-callers.com/registration/?symbol=ICON
Steven Madden
At the close of trading on Wednesday, shares in Long Island City, New York-based Steven Madden Ltd finished 2.22% higher at $34.50. The stock recorded a trading volume of 614,587 shares, which was above its three months average volume of 528,890 shares. The Company's shares are trading below their 200-day moving average by 2.11%. Furthermore, shares of Steven Madden, which designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children, has an RSI of 42.00.
On January 31st, 2017, Steve Madden announced that it has completed the acquisition of the privately held Schwartz & Benjamin, Inc. family of companies. Founded in 1923, Schwartz & Benjamin distributes its fashion footwear to wholesale customers, including better department stores and specialty boutiques, as well as the retail stores of its brand partners. Schwartz & Benjamin's trailing twelve month net sales as of December 31st, 2016, were approximately $87.6 million. The acquisition was completed for cash at closing plus an earn-out provision based on financial performance through January 31st, 2023.
On January 31st, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. Download your free research report on SHOO at:
http://stock-callers.com/registration/?symbol=SHOO
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