Pre-Market Technical Scan on Textile Equities -- Iconix Brand, NIKE, Skechers, and Steven Madden - iCrowdNewswire
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Feb 12, 2018 7:50 AM ET

Pre-Market Technical Scan on Textile Equities — Iconix Brand, NIKE, Skechers, and Steven Madden

Disclosure NewswireTM

iCrowdNewswire - Feb 12, 2018

NEW YORK,  –WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on ICON, NKE, SKX, and SHOO which can be accessed for free by signing up to www.wallstequities.com/registration. In today’s pre-market research, WallStEquities.com scans Iconix Brand Group Inc. (NASDAQ: ICON), NIKE Inc. (NYSE: NKE), Skechers USA Inc. (NYSE: SKX), and Steven Madden Ltd (NASDAQ: SHOO). These stocks belong to the Textile – Apparel Footwear and Accessories industry, which is something of a mixed bag and includes everything from sports-shoe and clothing manufacturers to briefcase, handbag, belt, scarf, hat, gloves, watch, and jewelry retailers. All you have to do is sign up today for this free limited time offer by clicking the link below.

 

www.wallstequities.com/registration

Iconix Brand Group

Last Friday, New York-based Iconix Brand Group Inc.’s stock declined slightly by 0.79%, to close the day at $1.25. A total volume of 1.68 million shares was traded. The Company’s shares have advanced 2.46% in the last month. The stock is trading 11.09% below its 50-day moving average. Additionally, 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 a Relative Strength Index (RSI) of 45.69. Get the full research report on ICON for free by clicking below at:

www.wallstequities.com/registration/?symbol=ICON

NIKE Inc.

Shares in Beaverton, Oregon headquartered NIKE Inc. jumped 4.80%, finishing Friday’s session at $65.49. The stock recorded a trading volume of 13.73 million shares, which was above its three months average volume of 8.95 million shares. The Company’s shares have gained 1.98% in the last month, 17.45% over the previous three months, and 18.41% over the past year. The stock is trading above its 50-day and 200-day moving averages by 2.31% and 14.53%, 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 50.70. 

On January 18th, 2018, NIKE announced that Dirk-Jan “DJ” van Hameren has been promoted to VP, Chief Marketing Officer, effective immediately. In this role, van Hameren will lead the Company’s Global Marketing organization. He will succeed Greg Hoffman, who has been appointed VP, Global Brand Creative & Marketing Innovation, responsible for leading Brand Communications, Brand Design, Advanced Concepts, and Digital Marketing Innovation, as well as Global Brand Imaging, Events Marketing, and Creative Operations.

On January 31st, 2018, research firm Citigroup reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $74 a share to $78 a share. Free research on NKE can be accessed at:

www.wallstequities.com/registration/?symbol=NKE

Skechers USA

Manhattan Beach, California headquartered Skechers USA Inc.’s stock finished 7.54% higher at $41.06 last Friday at the close. A total volume of 8.15 million shares was traded, which was higher than their three months average volume of 1.92 million shares. The Company’s shares have advanced 6.04% in the past month, 32.79% in the previous three months, and 76.37% over the past year. The stock is trading above its 50-day and 200-day moving averages by 7.39% and 35.80%, 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 56.95. 

On February 08th, 2018, Skechers announced its financial results for Q4 and year ended December 31st, 2017. For Q4 2017, sales were a record $970.6 million, gross profit was $454.1 million, and earnings from operations were $55.7 million. For the full-year 2017, sales were $4.16 billion, gross profit was $1.94 billion, and earnings from operations were $382.9 million.

On February 09th, 2018, research firm Monness Crespi & Hardt reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $40 a share to $50 a share. Visit WallStEquities.com now and sign up for the free research on SKX at:

www.wallstequities.com/registration/?symbol=SKX

Steven Madden

Long Island City, New York-based Steven Madden Ltd’s shares ended the session 0.71% higher at $42.70. The stock recorded a trading volume of 654,916 shares, which was above its three months average volume of 508,060 shares. The Company’s shares have advanced 11.34% over the previous three months and 20.62% over the past year. The stock is trading 2.73% above its 200-day moving average. Moreover, 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 33.82. The free technical report on SHOO is available at:

www.wallstequities.com/registration/?symbol=SHOO

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