NEW YORK, January 24, 2017 /PRNewswire/ --
Stock-Callers.com takes a closer look at the current performances of these Apparel Stores equities: The Gap Inc. (NYSE: GPS), American Eagle Outfitters Inc. (NYSE: AEO), Ascena Retail Group Inc. (NASDAQ: ASNA), and Nordstrom Inc. (NYSE: JWN). Despite some consumer spending headwinds, Moody's outlook for the Apparel subsector in 2017 is stable. Pressures from foreign exchange and excess inventory will ease, with operating profit up 5% to 7% after a very weak 2016. Sales growth will also accelerate 6% to 8%, supported by direct-to-consumer selling and international growth. You can access our complimentary research reports on these stocks now at:
San Francisco, California headquartered The Gap Inc.'s shares declined 1.82%, closing Monday's trading session at $23.76. The stock recorded a trading volume of 3.45 million shares. The Company's shares have advanced 5.88% on an YTD basis. The stock is trading 2.51% above its 200-day moving average. Additionally, shares of The Gap, which operates as an apparel retail company worldwide, have a Relative Strength Index (RSI) of 49.24.
On January 05th, 2017, Gap announced that net sales were up 1% and comparable sales were positive 2% for the November and December 2016 holiday season compared to last year. Gap's net sales for the five-week period ended December 31st, 2016, saw an increase of 3% to $2.07 billion compared to net sales of $2.01 billion for the five-week period ended January 02nd, 2016. Visit us today and download your complete report on GPS for free at:
American Eagle Outfitters
On Monday, shares in Pittsburgh, Pennsylvania headquartered American Eagle Outfitters Inc. recorded a trading volume of 3.93 million shares. The stock dropped 1.47%, ending the day at $14.74. The Company's shares are trading below their 200-day moving average by 10.43%. Furthermore, shares of American Eagle Outfitters, which operates as a specialty retailer offering on-trend clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands, have an RSI of 37.39.
On January 05th, 2017, research firm Mizuho reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $18 a share to $16 a share.
On January 18th, 2017, American Eagle Outfitters announced that its latest installment of the acclaimed #WeAllCan campaign will feature a new cast of Millennials and Gen Zers sharing their personal messages of empowerment through imagery and video. Two seasons strong, #WeAllCan continues to give Young America a platform to express themselves, share with the world what they "can do," and inspire with "You Can Too" through a powerful new video content series that encourages engagement and storytelling. The complimentary research report on AEO can be accessed at:
Mahwah, New Jersey-based Ascena Retail Group Inc.'s stock finished the day 0.41% lower at $4.86 with a total trading volume of 3.32 million shares. The Company's shares have gained 2.32% in the previous three months. The stock is trading below its 50-day moving average by 23.89%. Additionally, shares of Ascena Retail, which through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the US, Canada, and Puerto Rico, have an RSI of 27.71.
On January 10th, 2017, Ascena Retail Group announced consolidated comparable sales decreased 3.1% over the holiday period (November 19th, 2016 through January 02nd, 2017). For the combined November / December fiscal periods, consolidated comparable sales were down 4.4%. Excluding restructuring, acquisition, and integration related expenses, and non-cash ANN purchase accounting adjustments, the Company now expects non-GAAP EPS of $(0.11) to $(0.08) for Q2 FY17. Based on ongoing store traffic headwinds, the Company expects FY017 non-GAAP EPS in the range of $0.37 to $0.42.
On January 19th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $6 a share to $5 a share. Register for free on Stock-Callers.com and download the PDF research report on ASNA at:
Shares in Seattle, Washington-based Nordstrom Inc. ended yesterday's session 0.52% lower at $44.41. The stock recorded a trading volume of 3.12 million shares. The Company's shares are trading 6.93% below their 200-day moving average. Moreover, shares of Nordstrom, which offers apparel, shoes, cosmetics, and accessories for men, women, and children in the US and Canada, have an RSI of 34.55.
On January 18th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'.
On January 20th, 2017, Nordstrom announced that its cardholders will earn points toward Nordstrom Notes when they use their credit and debit cards at Trunk Club. Additionally, Trunk Club will waive its $25 home try-on fee when trunks are purchased with a Nordstrom's card. Get free access to your research report on JWN at:
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