Technical Reports on Apparel Stores Stocks -- Gap, American Eagle Outfitters, Ascena Retail, and Abercrombie & Fitch
NEW YORK, December 12, 2016 /PRNewswire/ --
Stock-Callers.com takes a look at the Apparel Stores segment which sells clothing, footwear, and accessories to consumers. Most companies in this Retail industry subset are considered specialty apparel retailers, because they focus on providing an assortment of similarly themed merchandise to one particular type of customer. Equities under assessment this Monday morning are: The Gap Inc. (NYSE: GPS), American Eagle Outfitters Inc. (NYSE: AEO), Ascena Retail Group Inc. (NASDAQ: ASNA), and Abercrombie & Fitch Co. (NYSE: ANF). Download the free research reports on these stocks today:
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Gap
San Francisco, California headquartered The Gap Inc.'s stock saw a decline of 2.04%, finishing last Friday's trading session at $25.94. A total volume of 5.96 million shares was traded. The Company's shares have gained 9.95% over the previous three months and 9.14% since the start of this year. The stock is trading above its 200-day moving average by 7.96%. Additionally, shares of Gap, which operates as an apparel retail company worldwide, have a Relative Strength Index (RSI) of 47.66.
On December 01st, 2016, Gap reported that net sales for the four-week period ended November 26th, 2016 were $1.53 billion compared to net sales of $1.57 billion for the four-week period ended November 28th, 2015. Gap's comparable sales for November 2016 were down 1% versus an 8% decrease last year. The Company estimated that the fire, which occurred in a building on its Fishkill, New York distribution center campus, negatively impacted Gap's November 2016 comparable sales by approximately 3%.
On December 02nd, 2016, research firm Mizuho reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $28 a share to $27 a share. See our free and comprehensive research report on GPS at:
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American Eagle Outfitters
Shares in Pittsburgh, Pennsylvania headquartered American Eagle Outfitters Inc. ended at $17.97, down 0.88% from the last trading session. The stock recorded a trading volume of 7.07 million shares, which was above its three months average volume of 5.34 million shares. The Company's shares have advanced 6.14% in the past month and 18.64% on an YTD basis. The stock is trading 3.21% above its 50-day moving average and 8.41% above its 200-day moving average. Moreover, shares of American Eagle Outfitters have an RSI of 52.98.
On December 01st, 2016, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $22 a share to $19 a share.
On December 06th, 2016, the Company announced a quarterly cash dividend of $0.125 per share, marking the Company's 50th consecutive quarterly dividend. The dividend is payable on December 30th, 2016, to stockholders of record at the close of business on December 16th, 2016. AEO free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=AEO
Ascena Retail
On Friday, shares in Mahwah, New Jersey-based Ascena Retail Group Inc. recorded a trading volume of 3.01 million shares. The stock declined 0.86%, closing the day at $8.04. The Company's shares have gained 48.07% in the last one month and 3.34% over the previous three months. The stock is trading 39.68% and 5.64% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Ascena have an RSI of 75.64.
On December 09th 2016, Ascena's Board of Directors of announced the appointment of David Jaffe as Chairman of the Board. Mr. Jaffe also serves as the Company's President and CEO. The Board also announced the honorary title of Chairman Emeritus to Elliot Jaffe. David Jaffe succeeds Company Co-Founder Elliot S. Jaffe who retired as Non-Executive Chairman of the Board at the end of the 2016 Annual Meeting of Stockholders. Sign up for your complimentary report on ASNA at:
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Abercrombie & Fitch
At the close, shares in New Albany, Ohio headquartered Abercrombie & Fitch Co. recorded a trading volume of 2.35 million shares. The stock finished the session 2.77% lower at $15.79. The Company's shares have gained 6.33% in the past month. The stock is trading above its 50-day moving average by 3.61%. Furthermore, shares of the Company, which through its subsidiaries, operates as a specialty retailer of casual apparel, have an RSI of 54.95.
On November 18th, 2016, the Company reported GAAP net income per diluted share of $0.12 for Q3 2016, compared to GAAP net income per diluted share of $0.60 for Q3 2015. Net sales for Q3 2016 were $821.7 million, down 6% from Q3 2015; comparable sales for Q3 2016 were down 6% y-o-y.
On November 23rd, 2016, research firm Deutsche Bank downgraded the Company's stock rating from 'Hold' to 'Sell'. The research firm also revised downwards its previous target price from $14 to $13. Register for free on Stock-Callers.com and download the latest research report on ANF at:
http://stock-callers.com/registration/?symbol=ANF
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