A disappointing holiday season has seen a number of major retailer slash forecasts in recent weeks. On Thursday both American Eagle Outfitters and Bed Bath & Beyond lowered fiscal fourth quarter earnings expectations. While discounts attracted more customers to spend this holiday season, it had a major impact on companies’ profits. "This was a holiday season that most stores would like to forget," said Ken Perkins, president of Retail Metrics. Here is how some retailers reacted Thursday:
American Eagle Outfitters (NYSE: AEO) shares traded in the range of $14.89 to $15.56 Thursday before settling to close at $15.33, an increase of 2.0 percent. The stock appears to be facing some resistance at the $15.46 and $16.33 levels with some support at $14.98. Shares of American Eagle Outfitters have fallen approximately 25.0 percent in the past year.
More information on American Eagle Outfitters and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AEO
Abercrombie & Fitch Co. (NYSE: ANF) shares traded in the range of $32.43 to $33.28 Thursday before settling to close at $33.21, an increase of 0.88 percent. The stock appears to be facing some resistance at the $33.87 and $35.92 levels with some support at $31.86. Shares of Abercrombie & Fitch have fallen approximately 30.0 percent in the past year.
More information on Abercrombie & Fitch and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ANF
The Gap Inc. (NYSE: GPS) shares traded in the range of $38.62 to $39.47 Thursday before settling to close at $39.42, an increase of 0.56 percent. The stock appears to be facing some resistance at the $39.95 and $40.36 levels with some support at $39.30. Shares of The Gap have gained approximately 22.0 percent in the past year.
More information on The Gap and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GPS
L Brands Inc. (NYSE: LB) shares traded in the range of $56.76 to $58.50 Thursday before settling to close at $57.75, a decrease of 4.05 percent. The stock appears to be facing some resistance at the $60.78 and $65.60 levels with some support at $55.68. Shares of L Brands have gained approximately 28.0 percent in the past year.
More information on L Brands and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LB
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