|Bid||21.09 x N/A|
|Ask||21.10 x N/A|
|Day's range||21.04 - 21.86|
|52-week range||18.55 - 32.63|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||17.39|
|Earnings date||14 Dec 2022|
|Forward dividend & yield||0.63 (2.99%)|
|Ex-dividend date||31 Oct 2022|
|1y target est||27.70|
Zara owner Inditex's strong first-half results show its strategy of raising prices since early 2022 paying off so far, but it and other fashion retailers have to be careful not to overdo it with further hikes that may scare away shoppers, analysts said. The world's biggest fashion retailer said on Wednesday it would raise prices again in the second half of the year after spring and summer increases. Fashion manufacturers in Europe and North America continue to feel pressure from rising energy, labour, transport and raw material costs and so are likely to have to raise prices more.
(Reuters) -European shares fell on Wednesday after higher-than-expected U.S. inflation this week cemented views of a large interest rate hike by the Federal Reserve, but a rally in oil stocks kept declines in check. The continent-wide STOXX 600 index extended declines, falling 0.9%, with miners, industrials and consumer stocks weighing the most. Data on Tuesday showing a bigger than expected rise in U.S. consumer prices in August strengthened the case for the Federal Reserve to deliver a third 75-basis-point (bps) interest rate increase next Wednesday.