Industria de Diseno Textil (OTCMKTS:IDEXY – Get Free Report) was upgraded by research analysts at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Industria de Diseno Textil Stock Up 0.6%
Shares of OTCMKTS:IDEXY opened at $15.54 on Monday. Industria de Diseno Textil has a 12-month low of $11.80 and a 12-month high of $17.34. The company’s 50 day moving average price is $15.62 and its two-hundred day moving average price is $15.64. The firm has a market cap of $193.73 billion, a PE ratio of 26.34, a PEG ratio of 2.51 and a beta of 0.94.
Industria de Diseno Textil (OTCMKTS:IDEXY – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. On average, research analysts expect that Industria de Diseno Textil will post 0.63 EPS for the current year.
Industria de Diseno Textil Company Profile
Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.
Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.
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