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

Barclays upgraded shares of Industria de Diseno Textil (OTCMKTS:IDEXY) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Industria de Diseno Textil Price Performance

Shares of Industria de Diseno Textil stock opened at $15.54 on Monday. The firm has a market cap of $193.73 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.51 and a beta of 0.94. The firm has a 50 day simple moving average of $15.62 and a 200 day simple moving average of $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 posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $10.23 billion during the quarter, compared to analysts’ expectations 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, sell-side 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.