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Vibrant rally for clothing and footwear stocks

  • Clothing and footwear stocks are jetting higher as more analysts bump up expectations on consumer spending in Q4 and broadly forecast tax relief for the consumer goods sector (effective tax rates paid).
  • Many of the names with the sharpest moves higher today are recovering from a pre-election slump.
  • Gainers include Sequential Brands Group (SQBG +11.7%), Iconix Brand Group (ICON +5.1%), Carter's (CRI +4.6%), Vera Bradley (VRA +4.6%), Wolverine World Wide (WWW +4%), Crocs (CROX +4.3%), Caleres (CAL +4.6%), Ralph Lauren (RL +3.4%), Fossil (FOSL +5%), Perry Ellis (PERY +3%), Deckers Outdoor (DECK +3.5%), Skechers (SKX +3.2%) and Coach (COH +3.1%).
  • Kate Spade (KATE +5.9%) is also rallying, but has news of an activist investor on the prowl also factoring in.
  • Previously: Kate Spade hears from activist firm (Nov. 14)
  • Previously: Investors see upside with apparel store stocks (Nov. 14)

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SymbolLast Price% Chg
SQBGQ--
Sequential Brands Group, Inc.
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