Fifth & Pacific Companies Inc (NYSE:FNP), formerly known as Liz Claiborne Inc., surged 3 percent on Wednesday following the Wall Street Journal declared that the firm is considering selling its Lucky Brand and Juicy Couture labels.
According to report, quoting people familiar with the matter, a sale would depart Fifth & Pacific with just one major brand: Kate Spade. Perella Weinberg Partners and Centerview Partners have been arguing a sale of Lucky and Juicy with prospective buyers in recent weeks to measure interest, according to Journal reported.
Shares of Fifth & Pacific Companies Inc (NYSE:FNP) opened at $18.63 with 119.82 million outstanding shares and touch its highest price of $20.38 of the day and then finished at $20.03 by scoring +7.63%, as in the whole session stocks gain volume of 7.47 million shares which is higher than its average volume.
As the owner ship concerns stock insider ownership remained 0.80%. The share capital of FNP has 119.82 million outstanding shares amid them 119.29 million shares have been floated in market.
For investors focus on the performance of the stocks so the FNP showed weekly ahead performance of 5.42% which was maintained for the month at 11.65%. Correspondingly the positive performance for the quarter was remained 60.88% and if took notice on yearly performance that was 69.32% whereas the year to date performance halted at 60.88%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the FNP return on investment was recorded as 32.30% as compare to its rivals has American Apparel Inc. (NYSE:APP)’s ROI -31.78%, Gildan Activewear Inc (USA) (NYSE:GIL)’s ROI 14.08%, Lululemon Athletica inc. (NASDAQ:LULU)’s ROI 35.04%, VF Corp (NYSE:VFC)’s ROI 13.97%.
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Entire Disclaimer Here