Quiksilver, Inc. (NYSE:ZQK) Among the Top Losers in the Textile – Apparel Clothing Industry For 2012– (LULU, UA, RL, HBI, ZQK)
The apparel industry could be poised to take advantage of lower raw material and gas costs. However, weakening consumer confidence is expected to counteract margin gains. Weak jobs data appears to have decreased U.S. consumer confidence recently and investment in Europe continues to be stagnant due to the current sovereign debt crisis.
Last month, Quiksilver, Inc. (NYSE:ZQK) posted a net loss of $5.1 million for the fiscal second quarter with sales growth of 3 percent as compared to a year ago. The company appears to have a plan for boosting revenue and catching the attention of customers. Earlier this month they announced a month-long system-wide promotion with Flip Flop Shops, offering free t-shirts with the purchase of flip flops or sandals.
Elsewhere in the industry, Fifth & Pacific Companies Inc (NYSE:FNP) which was previously Liz Claiborne Inc., seems to be taking steps toward its international expansion by shifting to direct-to-consumer sales and stepping forward to partially or wholly owning its businesses. The company has announced its plan to acquire Sanei International out of its 51 percent stake in the jointly owned company, Kate Spade Japan.
This year, Lululemon Athletica inc (NASDAQ:LULU) is one of the top stocks in the apparel stores industry with a year-to-date performance of +22.48%. The stock, as of last close, traded 37.05% up from its 52 week low and was 29.52% behind its 52 week high. Its latest closing price was -7.59% below the SMA200 while the distance from SMA 50 and SMA 20 was -12.73% and -7.59% respectively.
LULU ogether with its subsidiaries, designs, manufactures, and distributes athletic apparel for women, men, and female youth.
The second best stock in the industry, Under Armour Inc (NYSE:UA) engages in the design, development, marketing, and distribution of apparel, footwear, and accessories for men, women, and youth worldwide. Under Armour Inc has YTD performance up at +37.72%. Its price, as of the latest close, was up 87.91% compared with the 52 week low and was 8.33% below the 52 week high.
The stock’s latest closing price was up +13.92% from the average-price of 200 days while it kept its distance from the SMA 50 at +2.12% and +3.71% compared with the SMA 20.
Ralph Lauren Corp (NYSE:RL) has shown an uptrend of +5.05% this year with a monthly performance of -0.19% and 3-month performance down -16.39%. Its latest closing price was -6.30% down from an average-price of 200 days while it maintained a distance from the SMA 50 at -1.01% and +1.78% compared with the SMA 20.
The stock was up 38.39% from the 52 week low and was 20.51% below the 52 week high. RL engages in the design, marketing, and distribution of lifestyle products.
Hanesbrands Inc (NYSE:HBI) a consumer goods company, engages in designing, manufacturing, sourcing, and selling a range of basic apparels in the United States and internationally. The year-to-date performance of Hanesbrands Inc stands at +38.47% with an advance of +11.25% in the last three months and -8.99% in the previous twelve months.
Its price, as of the latest close, was 39.24% up from the 52 week low and was 9.26% below the 52 week high. Its latest closing price was +14.52% up from an average-price of 200 days while it kept its distance from the SMA 50 at +9.22% and +6.20% compared with the SMA 20.
On the flip side, Quiksilver, Inc (NYSE:ZQK) has been one of the worst performers in 2012 with a year-to-date performance of -35.18%. The stock, as of last close, traded 11.96% up from its 52 week low and was 58.06% behind its 52 week high.
Its latest closing price was -32.40% down from the SMA200 while the distance from SMA 50 and SMA 20 was -8.69% and +1.28% respectively. ZQK develops, produces, and distributes apparel, footwear, accessories, and related products.
