Retailers fell Monday as analysts expected slow summing spending trends to continue on in September due to warm weather. Janney Capital Markets’ analyst Adrienne Tennant anticipates earnings estimates for teen retailers will have to be reduced in the fourth quarter as a result of current spending patterns. Separately, Stern, Agee & Leach analyst Ike Boruchow wrote, "With the exception of the very promotional Labor Day weekend, mall traffic has been flat to negative every week since early June".
Aeropostale Inc. (NYSE: ARO) shares traded in the range of $9.34 to $9.52 Monday before settling to close at $9.34, a decrease of 2.20 percent. The stock appears to be facing some resistance at the $9.37 and $10.17 levels with some support at $7.97. Shares of Aeropostale have fallen approximately 28.0 percent in 2013.
More information on Aeropostale and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARO
J.C. Penney Company, Inc. (NYSE: JCP) shares traded in the range of $7.59 to $8.04 Monday before settling to close at $7.71, a decrease of 1.91 percent. The stock appears to be facing some resistance at the $9.78, $11.77 and $12.48 levels. Shares of J.C. Penney have fallen approximately 60.0 percent in 2013.
More information on J.C. Penney and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JCP
Urban Outfitters, Inc. (NASDAQ: URBN) shares traded in the range of $35.66 to $36.87 Monday before settling to close at $35.66, a decrease of 3.52 percent. The stock appears to be facing some resistance at the $44.56, $43.90 and $43.28 levels. Shares of Urban Outfitters have fallen approximately 9.0 percent in 2013.
More information on Urban Outfitters and access to the free equity report can be found at:
www.WallStreetFundamentals.com/URBN
Zumiez Inc. (NASDAQ: ZUMZ) shares traded in the range of $27.25 to $27.77 Monday before settling to close at $27.36, a decrease of 1.62 percent. The stock appears to be facing some resistance at the $27.82 and $28.68 levels with some support at $26.87. Shares of Zumiez have gained approximately 40.0 percent in 2013.
More information on Zumiez and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ZUMZ
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