Today’s Research: Urban Outfitters, The Men’s Wearhouse, Guess’, and New York & Company
LONDON, June 18, 2013 /PRNewswire/ –
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Improving consumer confidence in the U.S. augurs well for apparel stores operators.
The improvement in consumer confidence is being driven by the recovery in the labor
market. With the labor market recovery expected to continue, consumer spending is likely
to remain robust going forward. The major concern for apparel stores operators is Europe.
Although the Eurozone debt crisis has stabilized, European consumer confidence remains
low. On Monday, June 17, 2013, shares in apparel store operators ended mostly higher,
tracking gains in the broader market which rallied even as market participants wait for
Federal Reserve’s monetary policy statement. The major movers in the sector included Urban
Outfitters Inc. (NASDAQ: URBN), The Men’s Wearhouse Inc. (NYSE: MW), Guess? Inc. (NYSE:
GES), and New York & Company Inc. (NYSE: NWY). AAAResearchReports.com have completed their
technical analysis on URBN, MW, GES, and NWY and these free reports are accessible by
Shares in Urban Outfitters Inc. ended 0.22% lower on Monday. The Company’s shares
traded between $40.52 and $41.39 before finishing the day at $40.79 on a total of 1.38
million shares traded. Its daily average volume is 1.81 million. Urban Outfitters’ shares
have now fallen nearly 1% in the last three sessions. So far this year, the stock has
grown around 6.7%. Shares of the Company are currently trading 9.27% below their 52-week
high. Sign up for free technical research on URBN at:
The Men’s Wearhouse Inc.’s stock fluctuated between gains and losses yesterday before
closing the day nearly flat. The company’s shares traded between $36.53 and $37.19 before
ending the day 0.08% lower at $36.80. It saw a total of 562,314 shares traded which is
above the daily average volume of 488,704. However, despite struggling on Monday, The
Men’s Wearhouse shares have gained 3.40% in the last three trading sessions. So far this
year, the stock has grown nearly 21.17%, thus outperforming the S&P 500. The stock is
still trading 3.12% below its 52-week high. Be sure to read our latest technical research
on MW by registering at:
Shares in Guess? Inc. rose sharply on Monday, extending their gains from previous
sessions. The company’s shares traded between $31.51 and $31.80 before closing the day at
$31.77, up 1.31% on volume of 788,675 shares which is below the daily average volume of
979,738. Guess?’s shares have now gained over 4.50% in the last three sessions. Since the
start of this year, the stock has jumped by 31.44%, thus outperforming the S&P 500.
However, despite the significant gains, the stock is still trading 2.23% below its 52-week
high. Sign up and read the complimentary report on GES at:
New York & Company Inc.’s stock surged yesterday, extending its rally from previous
trading sessions. The Company’s shares hit an intraday high of $5.86 before finishing the
day 4.84% higher at $5.85. A total of 393,120 shares were traded which is well above the
daily average volume of 201,392. Shares of New York & Company have grown by nearly 6.40%
in the last three sessions. The stock is currently hovering around its 52-week high of
$5.87. The free report on NWY can be downloaded by signing up now at:
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SOURCE AAA Research Reports