U.S sportswear giant Nike Inc. (NYSE:NKE) is banking on its elite list of the best soccer players in the world to act as a competitive advantage over its German fierce rival Adidas AG (ADS). Nike has made its intention known of its desire to overtake the German company as the top sport selling company in this year’s world cup having signed 10 of the most marketable footballers in the world. Adidas has only signed three of the stars according to a ranking by Repucom research group. Nike Inc (NYSE:NKE) net profit margin is 9.90% and weekly performance is 3.04%. On last trading day company shares ended up $76.91. Analysts mean target price for the company is $82.39. Nike Inc (NYSE:NKE) distance from 50-day simple moving average (SMA50) is 4.48%.
Stock analysts at Sterne Agee boosted their price target on shares of Foot Locker, Inc (NYSE:FL) from $52.00 to $55.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Sterne Agee’s target price points to a potential upside of 13.45% from the stock’s previous close. Foot Locker, Inc. (NYSE:FL) shares advanced 0.38% in last trading session and ended the day on $48.18. FL Gross Margin is 32.90% and its return on assets is 12.80%. Foot Locker, Inc. (NYSE:FL) quarterly performance is 16.10%.
Wolverine Worldwide Inc. (NYSE:WWW) filed an infringement suit against the maker of Vans over the blue rectangle heel tag trademarks used on its sport shoes, MLive.com reported. The Rockford-based footwear maker claims the Vans tag looks too much like Wolverine’s Keds brand. Wolverine World Wide, Inc. (NYSE:WWW) shares moved up 0.51% in last trading session and was closed at $25.87, while trading in range of $25.60 – $25.93. Wolverine World Wide, Inc. (NYSE:WWW) year to date (YTD) performance is -23.66%.
Iconix Brand Group (NASDAQ:ICON), which fell off the list, broke out in heavy trading April 30 and also is below the 42.57 buy point. The parent company of Danskin, London Fog, Mossimo, Joe Boxer and other apparel brands has held above its 50-day moving average despite the flagging action after its move to new highs. Iconix Brand Group Inc (NASDAQ:ICON) ended the last trading day at $41.94. Company weekly volatility is calculated as 1.75% and price to cash ratio as 12.63. Iconix Brand Group Inc (NASDAQ:ICON) showed a negative weekly performance of -0.31%.
Crocs, Inc (NASDAQ:CROX) was upgraded by equities research analysts at CL King from a “neutral” rating to a “strong-buy” rating in a research note issued to investors on Thursday, 19 May 2014, Crocs, Inc. (NASDAQ:CROX) net profit margin is 1.30% and weekly performance is 0.81%. On last trading day company shares ended up $14.93. Analysts mean target price for the company is $17.05. Crocs, Inc. (NASDAQ:CROX) distance from 50-day simple moving average (SMA50) is -0.42%.
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