Travel & Tourism Industry release:
Michael Kors Holdings
On Wednesday, shares in the UK-based Michael Kors Holdings Ltd recorded a trading volume of 2.57 million shares, which was above their three months average volume of 2.25 million shares. The stock ended at $58.65, rising 1.35% from the last trading session. The Company’s shares have gained 20.18% in the last one month, 39.41% over the previous three months, and 36.46% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 16.33% and 43.40%, respectively. Furthermore, shares of the Company, which design, markets, distributes, and retails branded women’s apparel and accessories, and men’s apparel, have a Relative Strength Index (RSI) of 81.69.
On November 07th, 2017, research firm MKM Partners upgraded the Company’s stock rating from ‘Sell’ to ‘Neutral’.
On November 21st, 2017, Michael Kors announced that it has named Francesca Leoni as the new Senior Vice President, Chief Brand Officer for the brand, reporting to John D. Idol, Chairman and CEO. Ms. Leoni will be joining the Company on February 05th, 2018. She has over 20 years’ experience within the Fashion industry. Follow the link below to your free research report on KORS at: www.wallstequities.com/registration/?symbol=KORS
New York-based Ralph Lauren Corp.’s stock finished yesterday’s session 0.14% higher at $94.65 with a total trading volume of 1.11 million shares. The Company’s shares have gained 3.09% in the last one month, 8.86% over the previous three months, and 4.79% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.67% and 16.95%, respectively. Furthermore, shares of Ralph Lauren, which designs, markets, and distributes lifestyle products worldwide, have an RSI of 68.64.
On November 02nd, 2017, Ralph Lauren reported its results for Q2 FY18. Revenue for the three months ended September 30th, 2017, decreased to $1.7 billion, gross profit was $996 million, and operating expenses were $802 million. Operating income for the quarter was $193 million, and net income was $144 million. The Company ended Q2 FY18 with $1.7 billion in cash, short- and long-term investments, and $590 million in total debt. The free technical report on RL can be accessed at: www.wallstequities.com/registration/?symbol=RL
At the close of trading on Wednesday, shares in Maryland headquartered Under Armour Inc. jumped 5.82%, ending the day at $12.18. The stock recorded a trading volume of 5.61 million shares, which was above its three months average volume of 5.32 million shares. The Company’s shares are trading 10.17% below their 50-day moving average. Moreover, shares of Under Armour, 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, Middle-East, Africa, Asia/Pacific, and Latin America, have an RSI of 50.21. Sign up for free on Wall St. Equities and claim the latest report on UA at: www.wallstequities.com/registration/?symbol=UA
California headquartered Deckers Outdoor Corp.’s shares ended the day 3.13% higher at $75.01. A total volume of 945,177 shares was traded, which was above their three months average volume of 564,620 shares. The stock has gained 6.22% in the last month, 19.44% over the previous three months, and 35.42% on an YTD basis. The Company’s shares are trading 9.94% above their 50-day moving average and 18.67% above their 200-day moving average. Additionally, shares of Deckers Outdoor, which together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities, have an RSI of 65.01.
On November 27th, 2017, Deckers Outdoor, or Deckers Brands, provided an update on the Company’s ongoing process of adding new perspectives and fresh voices to its Board of Directors. As part of that process, the Company intends to appoint at least two new independent directors by its 2018 Annual Meeting of Stockholders. The appointment of new directors will coincide with an equal number of retirements from the existing Board. See the free research coverage on DECK at: www.wallstequities.com/registration/?symbol=DECK
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