NEW YORK, November 22, 2016 /PRNewswire/ --
This morning, Stock-Callers.com explores the Textile and Apparel Clothing industry, which is involved in the design, development, and production of apparel and accessories. The U.S. market is the largest in the world, valued at approximately $343 billion in 2015. Research reports have been issued on the following brands: Under Armour Inc. (NYSE: UA), Hanesbrands Inc. (NYSE: HBI), Kate Spade & Co. (NYSE: KATE), and V.F. Corp. (NYSE: VFC). Learn more about these stocks by accessing their free research reports at:
Maryland headquartered Under Armour Inc.'s shares declined 0.26%, closing Monday's trading session at $30.87 with a total trading volume of 5.28 million shares. The stock is trading 13.89% 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 32.89.
On October 26th, 2016, research firm Telsey Advisory Group downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. The research firm also revised downwards its previous target price from $49 to $35.
On November 03rd, 2016, Under Armour opened the doors of its newest specialty retail location at the Prudential Center in Boston's Back Bay. Featuring nearly 19,000 square feet of interactive retail space across two floors, the brand's latest innovations will be highlighted across various product categories. The Boston Brand House will offer localized Boston apparel that celebrates the legacy of the city in both sport and style including Boston Red Sox gear and the New England Patriots NFL Combine Authentic Team collection. Free research report on UA is available at:
On Monday, shares in North Carolina headquartered Hanesbrands Inc. recorded a trading volume of 4.20 million shares, which was above their three months average volume of 3.96 million shares. The stock fell 0.53%, ending the day at $24.48. The Company's shares are trading below their 50-day moving average by 2.22%. Furthermore, shares of Hanesbrands, which designs, manufactures, sources, and sells various basic apparels for men, women, and children in the US, have an RSI of 46.59.
On November 07th, 2016, Hanes announced the launch of FreshIQ[TM] Advanced Odor Protection Technology across its line of men's underwear, socks, T-shirts and fleece products. Hanes FreshIQ underwear and socks, which offer antimicrobial protection, for men are available at major retailers and directly to consumers through the brand's website and in owned stores. Additional products will be introduced through fall of 2017. The complimentary research report on HBI can be downloaded at:
Kate Spade & Co.'s stock finished the day 0.61% lower at $16.29. A total volume of 2.56 million shares was traded, which was above their three months average volume of 2.54 million shares. The Company's shares are trading below their 50-day moving average by 6.13%. Additionally, shares of Kate Spade, which together with its subsidiaries, designs and markets apparel and accessories, have an RSI of 44.81.
On November 02nd, 2016, Kate Spade's net sales for Q3 2016 were $317 million, an increase of $39 million, or 14.1% compared to Q3 2015. Comparable sales per square foot for Kate Spade New York stores were $1,615 for the latest twelve months compared to $1,619 for the twelve month period ended July 2nd, 2016. 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. Visit us today and access our complete research report on KATE at:
Shares in North Carolina headquartered V.F. Corp. ended yesterday's session 1.43% higher at $55.30. The stock recorded a trading volume of 4.10 million shares, which was higher than its three months average volume of 2.93 million shares. The Company's shares have advanced 1.15% in the last one month. The stock is trading 0.20% below its 50-day moving average. Moreover, 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 49.22.
On October 24th, 2016, V.F. Corp reported that during Q3 2016, operating income on a reported basis was down 1% to $635 million compared to Q3 2015. Operating margin on a reported basis increased 10 basis points to 18.2%. Earnings per share were up 13% to $1.20 in Q3 2016 compared to $1.06 during Q3 2015. V.F. Corp.'s revenue declined 1% to $3.5 billion.
On October 25th, 2016, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $70 a share to $68 a share. Get free access to your research report on VFC at:
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