NEW YORK, August 22, 2016 /PRNewswire/ --
This morning's equities in focus on Stock-Callers.com belong in the Apparel Footwear and Accessories industry, which comprises companies that design, manufacture, and retail clothing, accessories, luxury goods, footwear, and textiles. Stocks in this space offer average dividend yields that are in-line with the wider market. Here are today's featured companies: NIKE Inc. (NYSE: NKE), Coach Inc. (NYSE: COH), Skechers U.S.A. Inc. (NYSE: SKX), and Foot Locker Inc. (NYSE: FL). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Last Friday at the close, shares in Beaverton, Oregon headquartered NIKE Inc. ended 2.95% higher at $58.90. The stock recorded a trading volume of 15.45 million shares, which was above its three months average volume of 10.40 million shares. The Company's shares have advanced 3.35% in the last one month and 4.59% in the previous three months. The stock is trading above its 50-day moving average by 5.73%. Furthermore, shares of NIKE, which together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide, have a Relative Strength Index (RSI) of 69.27.
On August 11th, 2016, NIKE announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on the company's outstanding Class A and Class B Common Stock payable on October 3rd, 2016, to shareholders of record at the close of business on September 6th, 2016. Free research report on NKE is available at: http://stock-callers.com/registration/?symbol=NKE
New York-based Coach Inc.'s stock finished Friday's session 2.15% higher at $40.31. A total volume of 4.85 million shares was traded, which was above their three months average volume of 3.68 million shares. The Company's shares have advanced 3.91% over the previous three months and 25.30% since the start of this year. The stock is trading above its 200-day moving average by 9.52%. Additionally, shares of Coach, which provides luxury accessories and lifestyle collections in the US, have an RSI of 46.00.
On August 9th, 2016, Coach reported that net sales totaled $1.15 billion for Q4 FY16, an increase of 15% on both a reported and constant currency basis. The company's net income, on a non-GAAP basis, for the quarter totaled $126 million compared to $85 million a year ago, with earnings per diluted share of $0.45, up 47% versus prior year.
On August 10th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'. The complimentary research report on COH can be downloaded at: http://stock-callers.com/registration/?symbol=COH
Shares in Manhattan Beach, California headquartered Skechers U.S.A. Inc. ended the session 0.48% higher at $25.04 and with a total volume of 2.22 million shares traded. The stock is trading below its 50-day moving average by 9.81%. Shares of the Company, which designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand name worldwide, have an RSI of 45.41.
On August 12th, 2016, research firm Susquehanna initiated a 'Neutral' rating on the Company's stock, issuing a target price of $27 per share.
On August 16th, 2016, SKECHERS announced that the Company has opened a flagship store at the heart of the World Trade Center's new shopping district. Located along the main level of the West Concourse near the WTC Transportation Hub, the store will be home to more than 350,000 daily visitors in the area and a key tourist destination. Visit us today and access our complete research report on SKX at: http://stock-callers.com/registration/?symbol=SKX
New York headquartered Foot Locker Inc.'s shares recorded a trading volume of 11.84 million shares, which was above their three months average volume of 2.46 million shares. The stock closed the day 11.04% higher at $68.49. The Company's shares have gained 16.84% in the past month, 25.64% in the previous three months, and 6.63% on an YTD basis. The stock is trading 20.09% above its 50-day moving average and 12.00% above its 200-day moving average. Additionally, shares of Foot Locker, which operates as an athletic shoes and apparel retailer, have an RSI of 83.92.
On August 12th, 2016, research firm Susquehanna initiated a 'Positive' rating on the Company's stock, issuing a target price of $73 per share.
On August 19th, 2016, Foot Locker reported that net income for Q2 ended July 30th, 2016 was $127 million, or $0.94 per share, compared with net income of $119 million, or $0.84 per share, last year. The company noted that second quarter comparable-store sales increased 4.7%. Total sales increased 5.0%, to $1,780 million this year, compared with sales of $1,695 million for the corresponding prior-year period. Get free access to your research report on FL at: http://stock-callers.com/registration/?symbol=FL
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