Equities

ITX

ES0148396007

Apparel & Accessories Retailers

Market Closed - BME Other stock markets 11:39:35 2024-04-26 am EDT			5-day change	1st Jan Change
45.34 ^EUR	+1.43%		+3.66%	+14.99%

Apr. 26	IBEX heads for its biggest weekly rise in a month as it awaits US inflation data	RE
Apr. 26	Inditex Relaunches in Venezuela with Zara Store Opening	MT

Inditex: share price continues to rise, one analyst calls for buy

March 14, 2024 at 12:41 pm EDT

The share price continues to rise today, following a gain of nearly 8.3% yesterday. The stock has gained 14% in 1 month.

Following the announcement of results for 2023, UBS confirms its Buy recommendation on the stock, with an unchanged price target of E40.

The analyst reports that EBIT was slightly higher in Q4, and believes that current trading is solid and that the outlook is reassuring.

' Fourth-quarter EBIT was slightly ahead of expectations, while current strong trading of 11% and annual growth between 2024 and 2026 offer a reassuring outlook ' says UBS.

We expect strong sales productivity in our stores in the future. Annual gross space growth over the period 2024-2026 is expected to be around 5%. For 2024, Inditex expects a stable gross margin (+/-50 bp).

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Latest news about INDITEX

IBEX heads for its biggest weekly rise in a month as it awaits US inflation data	Apr. 26	RE
Inditex Relaunches in Venezuela with Zara Store Opening	Apr. 26	MT
Spanish retail giant Inditex opens Zara franchise in Caracas	Apr. 25	RE
Inditex reopens Zara store in Caracas after years of hiatus	Apr. 25	RE
IBEX 35 awaits US inflation figures as it digests Meta disappointment	Apr. 25	RE
The IBEX 35 takes a breather after regaining 11,000 points	Apr. 24	RE
Cotton certifier used by Inditex, H&M finds no evidence Brazil farms breached standards	Apr. 23	RE
Inditex cotton certifier says no evidence of Brazil farms breaching standards	Apr. 23	RE
The IBEX 35 leaves political and monetary worries aside and sights the 11,000-point mark	Apr. 23	RE
IBEX 35 rises awaiting corporate results and macroeconomic data	Apr. 22	RE
Doubts about the scope of the Israeli attack on Iran moderate the punishment on the IBEX 35	Apr. 19	RE
The IBEX opts for faith in de-escalation in the Middle East and prolongs the rebound	Apr. 18	RE
Goodbye to early rate cuts and rising crude oil prices punish the IBEX	Apr. 16	RE
IBEX starts the week with a precarious advance, on edge due to the Middle East	Apr. 15	RE
The IBEX breaks the negative streak but heads for its biggest weekly drop in almost three months	Apr. 12	RE
IBEX 35 shrugs off Fed rate cuts and awaits the ECB	Apr. 11	RE
Zara owner Inditex demands clarity from cotton certifier accused of standard breaches	Apr. 10	RE
The IBEX 35 rises timidly on a day marked by the US CPI	Apr. 10	RE
The IBEX also loses 10,900 points in the face of disappointment over the US interest rate outlook	Apr. 08	RE
Geopolitical fears and caution over U.S. employment punish the IBEX	Apr. 05	RE
The IBEX holds above 11,000 points despite the threat of U.S. job cuts	Apr. 04	RE
IBEX resists taking positions in the face of macroeconomic and monetary uncertainty	Apr. 03	RE
Factbox-Companies sell their businesses in Russia	Mar. 28	RE
The IBEX reaches 7-year highs at Easter and ends its best month since November.	Mar. 28	RE
The IBEX surpasses 11,000 points on faith in an economy with lower rates	Mar. 27	RE

Chart INDITEX

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Company Profile

Industria de Diseño Textil, S.A. (Inditex) specializes in the design, manufacturing and distribution of clothing and accessories for men, women, and children. The group's activity revolves primarily around five product families: - clothing; - lingerie; - shoes; - accessories; - household articles: decorative articles, bathroom items, household linen, etc. Net sales break down by source of revenues as follows: sales from company-owned stores (90.6%), sales to franchises (8.2%) and other (1.2%). At the end of January 2023, the products were marketed through a network of 5,815 outlets broken down by name into Zara and Zara Kids (2,312), Bershka (860), and other (2,643). Net sales are distributed geographically as follows: Spain (21.1%), Europe (45.4%), Americas (12.9%) and other (20.6%).

Sector

Apparel & Accessories Retailers

Calendar

2024-04-28 - Ex-dividend day for dividende intermédiaire

Related indices

EURO STOXX 50 , STOXX EUROPE 600 (EUR) , IBEX 35

More about the company

Income Statement Evolution

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Analysis / Opinion

INDITEX : Irresitible Inditex

March 18, 2024 at 09:46 am EDT

INDITEX : Always one step ahead

March 16, 2023 at 12:06 pm EDT

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Ratings for INDITEX

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

45.34 EUR

Average target price

45.2 EUR

Spread / Average Target

-0.31%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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