Tod’s, the Italian company listed on the Milan Stock Exchange and holding of the luxury goods group of the same name operating in luxury and quality shoes, accessories and apparel with the Tod’s, Hogan, Fay and Roger Vivier brands.

The last earnings release in March 13th showed sales revenues of 893.6 million Euros, up 13.5% compared to 2010. The group’s net income was 135 million Euros, up 23.8% from one year early. In 2011 all the regions where the group operates grew double-digit, with the only exception of the Italian market, where sales increased by 5.5%. The “Asia and Rest of world” area confirmed its excellent results, up 38% from 2010, driven by the very strong results of mainland China and Hong Kong.

Technically, the share last week increased nearly 7.5%, the market hailed the group’s results. Tod’s is in a bullish trend in short and mid-term; this movement is supported by 20-days moving average. Both the renovate trust on Italian stocks and strong enterprise’s fundamental offer a good opportunity for investors with long view. The share hits a pivot point of 84.45 EUR. We fix a first target in the area between 88 and 90 EUR, and then 96 EUR, in order to retrace 100% of the downward movement began last July. We suggest a stop loss at 82 EUR.