NEW YORK, December 20, 2016 /PRNewswire/ --
For today, Stock-Callers.com turns investors' attention to these Apparel Stores equities: L Brands Inc. (NYSE: LB), Chico's FAS Inc. (NYSE: CHS), DSW Inc. (NYSE: DSW), and Guess' Inc. (NYSE: GES). Moody's outlook for the US Apparel subsector in 2017 is stable. As per the credit ratings firm, pressures from foreign exchange and excess inventory will ease, with operating profit up 5% to 7% after a very weak 2016. Additionally, sales growth will accelerate 6% to 8%, supported by direct-to-consumer selling and international growth. Learn more about these stocks by downloading their comprehensive and free reports at:
Shares in Columbus, Ohio headquartered L Brands Inc. saw a slight decline of 0.26%, ending Monday's trading session at $69.20 with a total trading volume of 1.89 million shares. The stock is trading 2.36% below its 50-day moving average. Shares of the Company, which operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, and accessories, have a Relative Strength Index (RSI) of 39.83.
On November 28th, 2016, research firm Piper Jaffray upgraded the Company's stock rating from 'Underweight' to 'Neutral'.
On December 01st, 2016, L Brands reported net sales of $1.246 billion for the four weeks ended November 26th, 2016, an increase of 7% compared to net sales of $1.169 billion for the four weeks ended November 28th, 2015. Comparable sales increased 4% for the four weeks ended November 26th, 2016. LB complete research report is just a click away and free at:
Fort Myers, Florida headquartered Chico's FAS Inc.'s stock declined 0.51%, closing the day at 15.73. A total volume of 2.47 million shares was traded, which was above their three months average volume of 2.20 million shares. The Company's shares have advanced 9.35% in the last month, 31.99% in the previous three months, and 51.14% on an YTD basis. The stock is trading 15.15% above its 50-day moving average and 28.91% above its 200-day moving average. Additionally, shares of Chico's FAS, which operates as an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items, have an RSI of 58.03.
On November 22nd, 2016, Chico's FAS reported net income of $23.6 million, or $0.18 per diluted share, for Q3 2016 compared to a net loss of $11.6 million, or $0.09 per diluted share, for Q3 2015. For Q3 2016, the Company's net sales were $596.9 million compared to $645.4 million in Q3 2015.
On November 23rd, 2016, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $13 to $17. The complimentary report on CHS can be downloaded at:
On Monday, shares in Ohio headquartered DSW Inc. recorded a trading volume of 665,161 shares and ended the day 1.12% higher at $24.47. The stock has advanced 5.12% in the past month, 15.45% over the previous three months, and 6.08% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 8.52% and 6.52%, respectively. Furthermore, shares of DSW Inc., which together with its subsidiaries, operates as a branded footwear and accessories retailer in the US, have an RSI of 55.12.
On December 14th, 2016, the Company announced a new DSW in East Brunswick opening on December 20th, 2016. The store will be located at Mid State Mall 300 NJ - 18 East Brunswick, NJ 08816. The store will have over 22,600 pairs of men's, women's, and kid's shoes in a 22,500 square foot space, making DSW the greatest shoe shopping destination for the entire family in East Brunswick.
On December 15th, 2016, research firm Mizuho initiated a 'Buy' rating on the Company's stock, issuing a target price of $29 per share. Sign up for your complimentary research report on DSW at:
Los Angeles, California headquartered Guess' Inc.'s stock rose 1.03%, finishing yesterday's session at $12.74 with a total trading volume of 1.24 million shares. The Company's shares are trading below their 50-day moving average by 9.63%. Shares of the Company, which designs, markets, distributes, and licenses lifestyle collections of contemporary apparel and accessories for men, women, and children that reflect the American lifestyle and European fashion sensibilities, have an RSI of 35.76.
On November 30th, 2016, Guess' recorded net earnings of $9.1 million for Q3 FY17, a 26.8% decrease from $12.4 million for Q3 FY16. The Company's total net revenue for Q3 FY17 increased 2.9% to $536.3 million compared to $521.0 million in Q3 FY16.
On December 01st, 2016, research firm Mizuho reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $17 a share to $14 a share. Get free access to your research report on GES at:
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SOURCE Chelmsford Park SA