Subject: INO
Technical Snapshots for These Textile Stocks -- Wolverine World Wide, Foot Locker, NIKE, and Skechers USA
NEW YORK, Nov. 09, 2017 /PRNewswire/ --
If you want a Stock Review on WWW, FL, NKE, or SKX then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. DailyStockTracker.com has redirected investors' attention to the Textile Apparel Footwear and Accessories space, which comprises companies that design, manufacture, and retail fashion products related to footwear, along with other equipment and accessories. Under observation this morning are the following equities: Wolverine World Wide Inc. (NYSE: WWW), Foot Locker Inc. (NYSE: FL), NIKE Inc. (NYSE: NKE), and Skechers U.S.A. Inc. (NYSE: SKX). Access DailyStockTracker.com's complimentary reports for today's stocks line-up at: http://dailystocktracker.com/register/
Wolverine World Wide
Shares in Rockford, Michigan-based Wolverine World Wide Inc. jumped 5.94%, ending Wednesday's trading session at $28.02. The stock recorded a trading volume of 2.30 million shares, which was higher than its three months average volume of 674,980 shares. The Company's shares have gained 8.02% over the last three months and 27.65% on an YTD basis. The stock is trading 1.01% and 7.52% above its 50-day and 200-day moving averages, respectively. Moreover, shares of the Company, which designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories, have a Relative Strength Index (RSI) of 52.84.
On November 02nd, 2017, Wolverine World Wide announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share of common stock. The dividend is payable on February 01st, 2018, to stockholders of record on January 02nd, 2018. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.24 per share.
On November 08th, 2017, research firm Pivotal Research Group upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $32 a share to $33 a share. Visit us today and access your complete report on WWW for free at: http://dailystocktracker.com/registration/?symbol=WWW
Foot Locker
New York headquartered Foot Locker Inc.'s stock rose 2.19%, closing the day at $29.88 with a total trading volume of 3.01 million shares. The stock is trading 10.73% below their 50-day moving average. Shares of the Company, which through its subsidiaries, operates as an athletic shoes and apparel retailer, have an RSI of 37.43.
On October 23rd, 2017, research firm Buckingham Research downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On November 01st, 2017, Foot Locker announced plans to report financial results for its Q3 ended October 28th, 2017, before the US markets open on November 17th, 2017. A conference call is scheduled for the same day at 9:00 a.m. EST, during which the Company will discuss these results. The Company will also discuss trends in its business and the Athletic industry. The complimentary research report on FL can be accessed at:
http://dailystocktracker.com/registration/?symbol=FL
NIKE
On Wednesday, shares in Beaverton, Oregon headquartered NIKE Inc. recorded a trading volume of 6.98 million shares. The stock ended the day 1.11% higher at $55.76. The Company's shares have advanced 8.21% in the past month and 9.70% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.82% and 1.35%, respectively. Furthermore, shares of NIKE, which together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide, have an RSI of 61.61.
On October 19th, 2017, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On October 25th, 2017, NIKE hosted its 2017 Investor Day, providing an overview on how the Company is accelerating its next phase of long-term, sustainable, and profitable growth. Fueled by the Consumer Direct Offense, the Company stated during the investor meeting that it expects to drive high-single digit revenue growth, expanding margins and mid-teens earnings per share growth on average over the next five years. Register for free on DailyStockTracker.com and download the research report on NKE at: http://dailystocktracker.com/registration/?symbol=NKE
Skechers USA
Manhattan Beach, California headquartered Skechers USA Inc.'s stock declined 0.96%, finishing yesterday's session at $30.92 with a total trading volume of 2.38 million shares. The Company's shares have advanced 21.45% in the last one month, 8.07% in the previous three months, and 25.79% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.44% and 15.64%, respectively. Additionally, shares of Skechers, which designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide, have an RSI of 57.04.
On October 19th, 2017, Skechers announced financial results for Q3 ended September 30th, 2017. Quarterly net sales increased to $1.095 billion, gross profit was $520.0 million, and selling expenses increased to $89.6 million. Earnings from operations were $116.5 million for Q3 2017, and net earnings increased to $92.3 million. At quarter end, cash and cash equivalents was $802.9 million. Get free access to your research report on SKX at: http://dailystocktracker.com/registration/?symbol=SKX
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