Industria de Diseno Textil (OTCMKTS:IDEXY) Raised to Strong-Buy at Barclays

Industria de Diseno Textil (OTCMKTS:IDEXY) was upgraded by equities researchers at Barclays from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Industria de Diseno Textil Price Performance

Industria de Diseno Textil stock opened at $15.54 on Monday. The firm has a market capitalization of $193.73 billion, a PE ratio of 26.34, a P/E/G ratio of 2.51 and a beta of 0.94. The company’s 50-day moving average is $15.62 and its 200-day moving average is $15.64. Industria de Diseno Textil has a fifty-two week low of $11.80 and a fifty-two week high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. The company had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. As a group, analysts expect that Industria de Diseno Textil will post 0.63 EPS for the current year.

About Industria de Diseno Textil

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.