NEW YORK, March 30, 2017 /PRNewswire/ --
This morning, Stock-Callers.com shifts its focus on the following Apparel Stores stocks: Abercrombie & Fitch Co. (NYSE: ANF), Urban Outfitters Inc. (NASDAQ: URBN), L Brands Inc. (NYSE: LB), and Ross Stores Inc. (NASDAQ: ROST). According to an article on The Motley Fool, the SPDR S&P Retail ETF, which is heavily weighted toward apparel stocks, has fallen 11% over the past 12 months, compared to the S&P 500's 15% gain. This is due to declining mall traffic, fickle consumer tastes, and tougher competition from e-tailers and fast-fashion retailers. You can access our complimentary research reports on these stocks now at:
Abercrombie & Fitch
Shares in New Albany, Ohio headquartered Abercrombie & Fitch Co. climbed 3.63%, ending Wednesday's trading session at $12.28. The stock recorded a trading volume of 5.03 million shares, which was higher than its three months average volume of 3.77 million shares. The Company's shares have gained 4.42% in the last one month, 4.07% over the last three months, and 4.07% on an YTD basis. The stock is trading 4.61% above its 50-day moving average. Moreover, shares of Abercrombie & Fitch, which through its subsidiaries, operates as a specialty retailer of casual apparel, have a Relative Strength Index (RSI) of 58.35.
On March 02nd, 2017, Abercrombie & Fitch reported GAAP net income per diluted share of $0.71 for Q4 ended January 28th, 2017. GAAP net income per diluted share was $0.06 for the full year FY 2016, and adjusted non-GAAP net loss per diluted share was $0.06 for the full year, excluding certain items.
On March 03rd, 2017, research firm Wolfe Research downgraded the Company's stock rating from 'Peer Perform' to 'Underperform', with a target price of $10 per share. Visit us today and download your complete report on ANF for free at:
Philadelphia, Pennsylvania-based Urban Outfitters Inc.'s stock jumped 4.54%, closing the day at $24.41. A total volume of 3.51 million shares was traded, which was above their three months average volume of 3.10 million shares. The Company's shares are trading 5.07% below their 50-day moving average. Additionally, shares of Urban Outfitters, which engages in the retail and wholesale of general consumer products, have an RSI of 50.09.
On March 07th, 2017, Urban Outfitters announced net income of $64 million and $218 million for the three months and year ended January 31st, 2017, respectively. Earnings per diluted share were $0.55 for the three months, and $1.86 for the year. Total Company net sales increased to a record $1.03 billion for Q4 FY17 and to $3.5 billion for the year ended January 31st, 2017.
On March 22nd, 2017, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'. The complimentary research report on URBN can be accessed at:
On Wednesday, shares in Columbus, Ohio headquartered L Brands Inc. recorded a trading volume of 3.05 million shares, and ended the day 1.15% higher at $48.32. The stock is trading below its 50-day moving average by 11.80%. 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 an RSI of 37.04.
On March 02nd, 2017, L Brands reported net sales of $765.5 million for the four-week period ended February 25th, 2017. Comparable sales for the four weeks decreased 13%. For February, the exit of the swim and apparel categories had a negative impact of 6% and 8% to total company and Victoria's Secret comparable sales, respectively.
On March 22nd, 2017, research firm KeyBanc Capital Markets downgraded the Company's stock rating from 'Sector Weight' to 'Underweight'. Register for free on Stock-Callers.com and download the PDF research report on LB at:
Dublin, California headquartered Ross Stores Inc.'s stock gained 0.44%, finishing yesterday's session at $66.06 with a total trading volume of 1.59 million shares. The Company's shares have advanced 0.94% on an YTD basis. The stock is trading above its 200-day moving average by 3.89%. Additionally, shares of Ross Stores, which together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the US, have an RSI of 46.81.
On March 01st, 2017, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $70 a share to $77 a share.
On March 06th, 2017, Ross Stores announced that it has recently opened 23 Ross Dress for Less® and 5 dd's DISCOUNTS® stores across 15 different states in February and March. The new locations are part of the Company's plans to add approximately 70 Ross and 20 dd's DISCOUNTS locations during 2017. Get free access to your research report on ROST at:
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