Apparel Stores Stocks under Review -- Gap, American Eagle Outfitters, Nordstrom, and Ascena Retail

Oct 06, 2016, 05:00 ET from Chelmsford Park SA

NEW YORK, October 6, 2016 /PRNewswire/ --

Today's pre-market research is focused on the Apparel Stores segment which designs, markets, and sells clothing and footwear. Companies in this space offer average dividend yields compared with the wider market. Driving demand for apparel are consumer buying power and current fashion trends. Ahead of this morning trading session, turns its attention to the following stocks: The Gap Inc. (NYSE: GPS), American Eagle Outfitters Inc. (NYSE: AEO), Nordstrom Inc. (NYSE: JWN), and Ascena Retail Group Inc. (NASDAQ: ASNA) to see how they have fared over the last few days. Learn more about these stocks by downloading their free research reports in PDF format at:

The Gap  

San Francisco, California headquartered The Gap Inc.'s shares jumped 3.44% and finished Wednesday's trading session at $22.53. A total volume of 5.62 million shares was traded. In the previous three months, the stock has advanced 5.25%. The Company's shares are trading below their 200-day moving average by 3.73%. Moreover, shares of The Gap, which operates as an apparel retail company worldwide, have a Relative Strength Index (RSI) of 45.71.

On September 21st, 2016, Gap released the new exclusive menswear collection of GQ's Best New Menswear Designers in America. GQ is Celebrating the 10th anniversary of the program and its fifth year of partnering with Gap. Sign up and read the free research report on GPS at:

American Eagle Outfitters  

On Wednesday, shares in Pittsburgh, Pennsylvania headquartered American Eagle Outfitters Inc. recorded a trading volume of 6.51 million shares, which was above their three months average volume of 4.40 million shares. The stock ended the session 1.00% higher at $17.14. The Company's shares have gained 8.62% in the previous three months and 12.33% on an YTD basis. The stock is trading 7.39% above its 200-day moving average. 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 35.95.

On September 29th, 2016, American Eagle Outfitters announced that Bob Madore has been appointed Executive Vice President and Chief Financial Officer, reporting to Chief Executive Officer, Jay Schottenstein, effective October 28th, 2016. Bob joins American Eagle Outfitters with extensive public company financial and operational experience, most recently as SVP, Chief Financial Officer at Ralph Lauren Corp. The complimentary research report on AEO can be downloaded at:


Shares in Seattle, Washington-based Nordstrom Inc. closed the day at $53.00, rising 2.61%. The stock recorded a trading volume of 2.42 million shares. The Company's shares have gained 5.96% in the last one month, 36.34% over the previous three months, and 8.98% since the start of this year. The stock is trading 7.87% above its 50-day moving average and 12.47% above its 200-day moving average. Additionally, shares of Nordstrom, which offers apparel, shoes, cosmetics, and accessories for men, women, and children in the US and Canada, have an RSI of 63.00.

On September 30th, 2016, Nordstrom opened the doors to Nordstrom Domain NORTHSIDE, the company's second full-line store in Austin. The two-level, 127,500 square-foot store features five shoe departments, expansive cosmetics and accessories areas, and a comprehensive offering of popular brand names for men, women, and children. The first Nordstrom store in Austin opened at Barton Creek Square Mall in 2003.

On September 30th, 2016, research firm Guggenheim resumed its 'Buy' rating on the Company's stock. Register for free on and access the latest report on JWN at:

Ascena Retail Group  

At the closing bell yesterday, shares in Mahwah, New Jersey-based Ascena Retail Group Inc. ended 4.82% higher at $5.87. A total volume of 6.14 million shares was traded, which was above their three months average volume of 2.95 million shares. The stock is trading slightly below its 50-day moving average by 21.87%. Furthermore, shares of Ascena Retail Group, 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 37.97.

On September 20th, 2016, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $9 a share to $7 a share.

On October 4th, 2016, Ascena announced that it will begin the execution phase of its major enterprise transformation plan. In addition to the ongoing implementation of its $235 million cost-savings initiative associated with its integration of ANN INC., the Company expects its new Change for Growth program will deliver an incremental $100 - $150 million of cost savings by fiscal 2019. The Company is making significant organizational changes as part of its accelerated execution plan, and has restructured its business into four operating segments. Get free access to your research report on ASNA at:


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