Today's Research: Urban Outfitters, The Men's Wearhouse, Guess', and New York
LONDON, June 18, 2013
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 registering at
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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