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Industria de Diseño Textil, S.A. (ITX.MC)

MCE - MCE Delayed price. Currency in EUR
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44.30-0.03 (-0.07%)
At close: 05:44PM CEST
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Previous close44.33
Bid44.10 x N/A
Ask44.51 x N/A
Day's range44.00 - 44.56
52-week range31.04 - 47.02
Avg. volume2,649,635
Market cap137.909B
Beta (5Y monthly)1.11
PE ratio (TTM)25.61
EPS (TTM)1.73
Earnings date05 Jun 2024
Forward dividend & yield1.04 (2.35%)
Ex-dividend date31 Oct 2024
1y target est27.54

    RBC downgrades Zara owner Inditex, upgrades H&M

    RBC Capital Markets has taken a fresh look at the retail fashion sector in Europe, and decided to upgrade its investment stance on H&M, while downgrading Inditex (BME:ITX). H&M Hennes&Mauritz (ST:HMb) has seen a recent improvement in trends, primarily driven by womens and kidswear, the bank said, and is stepping up investment in existing stores (with around 250 stores globally this year are being refurbished) to provide a better in store experience for customers. “We see further gross margin upside for H&M driven by a more favorable buying environment and inventory control, foreign exchange, lower raw material costs and freight rises being less than feared,” the bank said, in a note dated May 17.

  • Reuters

    Spanish retail giant Inditex opens Zara franchise in Caracas

    Spanish fast fashion retailer Inditex on Thursday relaunched its business in Venezuela with the opening of a Zara store via a franchise agreement. In 2021, Inditex, which also owns Bershka, Pull & Bear and other brands, closed all the group's shops in the South American country, following a revised franchise agreement with then local partner Phoenix World Trade. The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.

  • Reuters

    Zara owner Inditex demands clarity from cotton certifier accused of standard breaches

    MADRID (Reuters) -Zara owner Inditex demanded more transparency from a certifier that vets some of the cotton used by the Spanish fashion giant following an investigation that found evidence of malpractice by two Brazilian certified cotton producers. Inditex sent a letter dated April 8 to Better Cotton CEO Alan McClay asking for clarity on the certification process and progress on traceability practices after the NGO Earthsight informed the retailer that producers with Better Cotton certifications were involved in land grabbing, illegal deforestation and violent acts against local communities, according to a copy of the letter seen by Reuters. Inditex said it had waited more than six months for the results of an internal investigation by Better Cotton that was promised for the end of March and began in August 2023, according to the letter.