Technical Snapshots for These Textile Stocks -- Crocs, Fossil, Iconix Brand, and Steven Madden
31 Aug, 2017, 06:15 ET
NEW YORK, August 31, 2017 /PRNewswire/ --
If you want a Stock Review on CROX, FOSL, ICON, or SHOO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com observes the most recent performances of the following equities: Textile Apparel Footwear and Accessories equities: Crocs Inc. (NASDAQ: CROX), Fossil Group Inc. (NASDAQ: FOSL), Iconix Brand Group Inc. (NASDAQ: ICON), and Steven Madden Ltd (NASDAQ: SHOO). Footwear and accessories companies design, manufacture, and retail fashion products related to footwear along with other equipment and accessories. They are structured as corporations and, on average, offer average dividend yields that are in-line with the wider market. Access DailyStockTracker.com's complimentary reports for today's stocks line-up at:
Shares in Niwot, Colorado headquartered Crocs Inc. saw a slight decline of 0.11%, ending Wednesday's trading session at $8.79. The stock recorded a trading volume of 667,635 shares. The Company's shares have gained 11.13% in the last one month, 25.93% over the last three months, and 28.13% on an YTD basis. The stock is trading 8.94% and 21.62% above its 50-day and 200-day moving averages, respectively. Moreover, 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 55.16.
On August 02nd, 2017, Crocs announced a product collaboration on a line of special-edition footwear styles for women and children, designed in partnership with Drew Barrymore. The Drew Barrymore ♥ Crocs line will launch globally in the spring of 2018, combining the comfort and bold colors consumers love about the Brand with touches of Barrymore's personal design style - including exclusive graphics and embellishments. Visit us today and access your complete report on CROX for free at:
Richardson, Texas headquartered Fossil Group Inc.'s stock dropped 3.82%, closing the day at $8.55 with a total trading volume of 2.62 million shares. The Company's shares are trading 12.24% below their 50-day moving average. Shares of the Company, which together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories, have an RSI of 45.28.
On August 09th, 2017, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $13 a share to $11 a share.
On August 30th, 2017, Fossil Group announced, ahead of IFA® 2017, a massive expansion of its wearables business. In 2018, the Company will add new brands to its touchscreen smartwatch lineup powered by Google's Android Wear™. This is in addition to the five current brands - Diesel, Emporio Armani, Fossil, Michael Kors, and Misfit - that will offer customers new, full-round touchscreen smartwatches in time for fall and holiday 2017. The complimentary research report on FOSL can be accessed at:
Iconix Brand Group
On Wednesday, shares in New York-based Iconix Brand Group Inc. recorded a trading volume of 545,100 shares, which was higher than their three months average volume of 528,300 shares. The stock ended the day 3.23% lower at $5.40. The Company's shares are trading below their 50-day moving average by 13.37%. Furthermore, shares of Iconix Brand, which owns, licenses, and markets a portfolio of consumer brands across the women's, men's, entertainment, and home industries in the US and internationally, have an RSI of 40.89.
On August 21st, 2017, Iconix Brand announced that it has amended its $100-million variable funding notes to extend the renewal date from January 2018 to January 2020. With this amendment, the Company will have no long-term debt maturities prior to 2020. Register for free on DailyStockTracker.com and download the research report on ICON at:
Long Island City, New York-based Steven Madden Ltd's stock climbed 0.72%, finishing yesterday's session at $41.80. A total volume of 537,985 shares was traded, which was above their three months average volume of 473,800 shares. The Company's shares have advanced 7.04% in the previous three months and 16.92% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.53% and 9.66%, respectively. Additionally, shares of Steven Madden, which designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide, have an RSI of 53.69.
On August 01st, 2017, Steven Madden announced financial results for Q2 ended June 30th, 2017. For the quarter, net sales were $374.1 million; gross margin was 37.3%; operating expenses as a percentage of sales were 26.6%; operating income totaled $41.9 million; and net income was $29.0 million. As of June 30th, 2017, cash, cash equivalents, and current and non-current marketable securities totaled $198.6 million.
On August 15th, 2017, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, with a target price of $48 per share. Get free access to your research report on SHOO at:
Daily Stock Tracker:
Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Share this article