NEW YORK, November 18, 2016 /PRNewswire/ --
The Textile and Apparel Footwear and Accessories industry is involved in the production of textiles and fabric from raw materials, and the transformation of these materials into clothing, footwear, and other accessories. This segment belongs to the Consumer Goods sector and offers equally high dividends from other companies in the sector. Pre-market, Stock-Callers.com highlights four equities for assessment: Skechers U.S.A. Inc. (NYSE: SKX), Foot Locker Inc. (NYSE: FL), Fossil Group Inc. (NASDAQ: FOSL), and Wolverine World Wide Inc. (NYSE: WWW). Download the free research reports on these stocks today:
On Thursday, shares in Manhattan Beach, California headquartered Skechers U.S.A. Inc. recorded a trading volume of 1.90 million shares. The stock ended the day 1.35% higher at $22.54. Shares of the Company are trading at a PE ratio of 13.11. Skechers' stock is trading above its 50-day moving average by 2.49%. Furthermore, shares of Skechers have a Relative Strength Index (RSI) of 62.42.
On October 20th, 2016, Skechers reported that Q3 2016 net sales rose 10.1% to $942.4 million compared to Q3 2015. The increase was the result of an 18.3% rise in the Company's international wholesale business and a 16.0% increase in its Company-owned global retail business. Earnings from operations were $103.4 million, an increase of 8.1% over Q3 2015. Net earnings decreased 2.2% to $65.1 million, while diluted net earnings per share for the reported quarter were $0.42 compared to $0.43 in the prior year.
On November 02nd, 2016, research firm Wedbush initiated a 'Neutral' rating on the Company's stock, issuing a target price of $23 per share. See our free and comprehensive research report on SKX at:
New York headquartered Foot Locker Inc.'s stock advanced 2.34%, to close the day at $71.35. The stock recorded a trading volume of 4.39 million shares, which was above its three months average volume of 1.86 million shares. Foot Locker's shares have advanced 4.74% in the last one month and 4.60% in the previous three months. Furthermore, the stock has gained 18.77% in the past one year. Shares of the Company are trading 5.70% and 15.10% above its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 17.69 and has an RSI of 62.48.
On November 02nd, 2016, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, issuing a target price of $80 per share.
On November 17th, 2016, Foot Locker announced that its Board of Directors has elected Ulice Payne, Jr. and Kimberly K. Underhill as directors of the Company, effective December 1st, 2016. Mr. Payne is currently president and managing member of Addison-Clifton, LLC. Ms. Underhill is Global President of Kimberly-Clark Professional, a unit of Kimberly-Clark Corporation. FL free research report PDF is just a click away at:
Richardson, Texas headquartered Fossil Group Inc.'s stock finished Thursday's session 2.38% lower at $34.85 with a total volume of 1.28 million shares traded. Over the last one month and the previous three months, Fossil Group's shares have gained 21.77% and 9.59%, respectively. Shares of the Company are trading above its 50-day and 200-day moving averages by 22.57% and 3.92%, respectively. Fossil Group's stock traded at a PE ratio of 16.88 and has an RSI of 68.72.
On November 03rd, 2016, Fossil announced that reported worldwide net sales decreased 4%, or $33.3 million, including declines in its multi-brand licensed watch portfolio, leathers, and jewelry in Q3 2016,. The Company reported net income of $17.4 million for Q3 2016 compared to $57.5 million for Q3 2015. Diluted earnings per share were $0.36, and included a $0.16 per diluted share benefit from real estate transactions, offset by a $0.22 per diluted share restructuring charge, primarily associated with accelerated store closings. Diluted earnings per share for Q3 2015 were $1.19 and included a $0.05 restructuring charge.
On November 16th, 2016, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'. Sign up for your complimentary report on FOSL at:
Wolverine World Wide
On Thursday, shares in Rockford, Michigan-based Wolverine World Wide Inc. ended the session 0.89% higher at $23.86 with a total volume of 569,497 shares traded. Wolverine World Wide's shares gained 11.08% in the previous one month and 33.41% in the past one year. Shares of the Company traded at a PE ratio of 23.39. The stock is trading 7.03% above its 50-day moving average and 16.35% above its 200-day moving average. Moreover, shares of the Company have an RSI of 67.15.
On November 02nd, 2016, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, issuing a target price of $25 per share. Register for free on Stock-Callers.com and download the latest research report on WWW at:
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