Industria de Diseno Textil (OTCMKTS:IDEXY) Sets New 12-Month High – Time to Buy?

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $25.94 and last traded at $25.82, with a volume of 66432 shares trading hands. The stock had previously closed at $25.87.

Analysts Set New Price Targets

Several research firms have recently issued reports on IDEXY. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a research note on Thursday, March 13th. BNP Paribas upgraded Industria de Diseno Textil to a “strong-buy” rating in a report on Tuesday, April 22nd.

Industria de Diseno Textil Trading Down 50.7%

The stock has a 50-day moving average price of $26.57 and a two-hundred day moving average price of $26.29. The stock has a market cap of $79.35 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 3.09 and a beta of 1.14.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Industria de Diseno Textil had a return on equity of 32.39% and a net margin of 15.19%. The company had revenue of $9.45 billion during the quarter, compared to analyst estimates of $8.53 billion. Research analysts predict that Industria de Diseno Textil SA will post 0.99 earnings per share for the current fiscal year.

Industria de Diseno Textil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, May 1st were given a $0.3187 dividend. This represents a dividend yield of 2.21%. This is an increase from Industria de Diseno Textil’s previous dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Industria de Diseno Textil’s dividend payout ratio is presently 61.17%.

About Industria de Diseno Textil

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.