NEW YORK, August 22, 2016 /PRNewswire/ --
The Apparel Stores space was relatively strong on Friday, August 19, 2016, up on the day by about 1.5% as a group. Stock-Callers.com reviews the following equities and see how they fared at the close: Ross Stores Inc. (NASDAQ: ROST), Urban Outfitters Inc. (NASDAQ: URBN), Express Inc. (NYSE: EXPR), and Chico's FAS Inc. (NYSE: CHS). You can access of our complimentary research reports on these stocks now at:
Dublin, California headquartered Ross Stores Inc.'s stock rose 3.47%, finishing Friday's trading session at $65.06. A total volume of 7.26 million shares was traded, which was above their three months average volume of 2.98 million shares. The Company's shares have gained 9.86% in the last month, 24.26% over the previous three months, and 21.50% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 11.51% and 17.41%, respectively. 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 a Relative Strength Index (RSI) of 73.83.
On August 18th, 2016, Ross Stores reported earnings per share for Q2 ended July 30th, 2016 of $.71, a 13% increase on top of an 11% gain in the prior year. Net earnings for the current year period grew to $282 million, up from $259 million last year. Sales for Q2 2016 rose 7% to $3.181 billion, with comparable store sales up 4% on top of 4% growth in the prior year.
On August 19th, 2016, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $65 a share to $67 a share. Visit us today and download your complete report on ROST for free at:
Shares in Philadelphia, Pennsylvania-based Urban Outfitters Inc. ended the session at $37.81, gaining 2.83%. The stock recorded a trading volume of 3.67 million shares, which was above its three months average volume of 2.40 million shares. The Company's shares have advanced 28.96% in the past month, 32.76% in the previous three months, and 66.20% on an YTD basis. The stock is trading 31.34% above its 50-day moving average and 38.82% above its 200-day moving average. Moreover, shares of Urban Outfitters, which engages in the retail and wholesale of general consumer products, have an RSI of 84.96.
On August 16th, 2016, Urban Outfitters reported net income of $77 million and earnings per diluted share of $0.66 for the three months ended July 31st, 2016. Total net sales for Q2 FY17 increased 3% over the same quarter last year to a record $891 million. The company noted that comparable retail segment net sales, which include its comparable direct-to-consumer channel, increased 1%.
On August 17th, 2016, research firm Buckingham Research upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary research report on URBN can be accessed at:
On Friday, shares in Columbus, Ohio-based Express Inc. recorded a trading volume of 2.40 million shares, which was above their three months average volume of 2.21 million shares. The stock rose 0.62%, closing the day at $16.21. The Company's shares have gained 12.88% in the last one month and 0.43% in the previous three months. The stock is trading 11.03% above its 50-day moving average. Additionally, shares of Express, which operates as a specialty apparel and accessories retailer, have an RSI of 67.66.
On August 10th, 2016, Express announced that the company will conduct a conference call to discuss Q2 2016 results on August 24th, 2016 at 9:00 a.m. ET. Earlier that morning, the company will issue a press release detailing those results. Register for free on Stock-Callers.com and download the PDF research report on EXPR at:
Shares in Fort Myers, Florida headquartered Chico's FAS Inc. recorded a trading volume of 1.12 million shares. The stock ended the session flat at $11.86. The Company's shares have gained 1.89% in the past month, 7.70% in the previous three months, and 12.64% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.09% and 3.01%, respectively. Furthermore, 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 57.27.
On August 8th, 2016, Chico's FAS announced that it will host a conference call on August 31st, 2016 at 8:30 a.m. EDT to review the operating results for Q2 ended July 30th, 2016. Get free access to your research report on CHS at:
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