Industria de Diseno Textil (OTCMKTS:IDEXY) Shares Gap Down - Here's Why

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $26.89, but opened at $25.51. Industria de Diseno Textil shares last traded at $25.61, with a volume of 39,919 shares changing hands.

Analysts Set New Price Targets

IDEXY has been the topic of several research reports. Citigroup raised Industria de Diseno Textil to a "strong-buy" rating in a research report on Thursday, March 13th. BNP Paribas upgraded shares of Industria de Diseno Textil to a "strong-buy" rating in a research note on Tuesday, April 22nd.

Industria de Diseno Textil Stock Down 0.9%

The firm's 50 day moving average is $26.57 and its two-hundred day moving average is $26.29. The stock has a market cap of $157.20 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 3.04 and a beta of 1.14.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $8.53 billion. Industria de Diseno Textil had a return on equity of 32.39% and a net margin of 15.19%. On average, analysts anticipate that Industria de Diseno Textil SA will post 0.99 EPS for the current fiscal year.

Industria de Diseno Textil Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.3187 per share. This is an increase from Industria de Diseno Textil's previous dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a dividend yield of 2.21%. Industria de Diseno Textil's payout ratio is 30.10%.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.