Shares of embattled fashion retailer Esprit Holdings Ltd tumbled

on Tuesday for the third straight session in a market increasingly skeptical of turnaround plans of the Europe-focused company.

The Hong Kong based firm has lost as much as 46% of its market value from last Wednesday to yesterday after annual profits were nearly totally wiped out to HK$79mil (US$10mil) from HK$4.2bil, hit by restructuring charges, and the company admitted its brand had “lost its soul.” Analysts said the stock plunge added further pressure on Esprit and that the company might need to raise funds or cut its dividend to finance its recovery plan. “Where is the money to come from,” asked Alfred Chan, chief dealer at Cheer Pearl Investment. “Shareholders won't wait for a turnaround.” At Monday's low of HK$9.92, the weakest in nine years, the shares have plunged 73% so far this year, making them the biggest loser in the Hang Seng Index , down 17%.

In Wall Street, Under Armour´s shares traded in the range of 77.40 – 80.25 dollars. It has a market capitalization of 4.07B dollars, making it a Mid Cap Stock and has 51.56M outstanding shares.
Luxury handbags maker Coachwas trading in the range of 58.48 – 60.78 dollars, reaching a market capitalization of 17.27B dollars. The company has a 52 week high of $ 69.20 and a 52 week low of $ 40.85. Average volumes of shares traded daily are 5,030,000. Volume traded in the last session was at 1,610,000, 0.32 times the average volume. Credit Suisse initiates with Outperform.

Finally, also V.F. Corporation was trading at a rise, gaining 1.27% on Tuesday when its titles trading between 125.25 and 129.71 dollars. As per the most recent quarterly report, the net income per share (EPS) is 5.71; P/E of 22.49 indicating, the stock to be overvalued or expected increase in company earnings. Analysts at Credit Suisse ranked its share with Outperform.




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