In Europe, Puma AG added 2% by the close of the market, accompanied by Ted Baker, Supergroup,
Mulberry and Triumph in the winners’ chapter within the FashionUnited Top 100 Index. The international fashion benchmark index also closed at a rise, when hit the 1275.51 thanks to a 5.96 points ‘rise.
Across the pond, Nike Inc. (NYSE:NKE) was trading at $97.77 up 0.90% in Tuesday's trading. NKE is trading 3.88% above its 50 day moving average and 13.36% above its 200 day moving average. NKE is -0.49% below its 52-week high and 42.38% above its 52-week low. NKE's PE ratio is 20.89 and their market cap is $45.33B. “Nike's current price, the risk-reward is nothing special. While the company does offer stability, it offers minimal growth,” experts at Seeking Alpha stressed.
Analysts at Seeking Alpha have focused their attention on Under Armour, which stock has seen explosive growth. “Over the last five years, the company has grown revenue 31% annually. There is still plenty of opportunity for growth ahead as well. The stock trades at a forward P/E of 31 meaning that the market has recognized its future growth potential. However, I believe the valuation may still be cheap. This is because UnderArmour still has yet to fully enter its core market. While Under Armor primarily makes shirts, it has begun to gain market share in shoes, which would allow it to effectively compete against Nike,” they said in an article on the athletic apparel´s shares.
Meanwhile, in trading on Tuesday, shares of The Gap, Inc. crossed above their 200 day moving average of $19.05, changing hands as high as $19.10 per share. The Gap, Inc. shares are currently trading up about 2.4% on the day.
Finally, Jones Apparel Group (NYSE: JNY) was downgraded by equities research analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, 23rd December.