This Morning's Technical Outlook on Specialty Retail Stocks -- Office Depot, TravelCenters of America, Stitch Fix, and Sally Beauty
NEW YORK, Dec. 05, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on ODP, TA, SFIX, and SBH which is a click away at http://www.wallstequities.com/registration. Featured on WallStEquities.com for today is the Specialty Retail industry, which consists of automotive, specialty stores, and fuel retailing. It is highly fragmented and dependent upon macroeconomic factors, such as GDP, disposable income, and consumer spending. Competitive rivalry in this segment is high with a medium barrier to entry in the market. Equities to be assessed this morning are: Office Depot Inc. (NASDAQ: ODP), TravelCenters of America LLC (NASDAQ: TA), Stitch Fix Inc. (NASDAQ: SFIX), and Sally Beauty Holdings Inc. (NYSE: SBH). With Wall St. Equities' free research reports getting an edge over stock markets, sign up now at: http://www.wallstequities.com/registration
Office Depot
Boca Raton, Florida headquartered Office Depot Inc.'s shares jumped 4.98%, closing Monday's trading session at $3.37. The stock recorded a trading volume of 6.11 million shares, which was above its three months average volume of 5.28 million shares. The Company's shares have advanced 5.64% in the last month. The stock is trading 6.62% below its 50-day moving average. Additionally, shares of Office Depot, which together with its subsidiaries, supplies office products and services in North America, have a Relative Strength Index (RSI) of 52.47.
On November 30th, 2017, Office Depot announced that it received a perfect 100 percent score on the Human Rights Campaign Foundation's 2018 Corporate Equality Index (CEI). The CEI is a national benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual, transgender, and queer workplace equality. Our free and thorough report on ODP awaits you at: http://www.wallstequities.com/registration/?symbol=ODP
TravelCenters of America
On Monday, shares in Westlake, Ohio headquartered TravelCenters of America LLC recorded a trading volume of 274,791 shares. The stock rose 2.22%, ending the day at $4.60. The Company's shares have surged 41.54% in the previous three months. The stock is trading below its 200-day moving average by 2.16%. Furthermore, shares of the Company, which operates and franchises travel center, and standalone convenience store and restaurant locations in the US and Canada, have an RSI of 44.63.
On November 30th, 2017, TravelCenters of America announced that Thomas M. O'Brien, President and CEO, has resigned, effective December 31st, 2017. The Board has appointed Andrew J. Rebholz, current Executive Vice President, CFO, and Treasurer, to be the new CEO; Barry A. Richards, current Executive Vice President, to be the new President and COO; and William E. Myers, current Senior Vice President and Chief Accounting Officer, to be the new Executive Vice President, CFO, and Treasurer. TA's complimentary research coverage is a few simple steps away at: http://www.wallstequities.com/registration/?symbol=TA
Stitch Fix
Stitch Fix Inc.'s stock finished the day 1.86% higher at $24.04 with a total trading volume of 1.87 million shares. The stock has surged 58.68% on an YTD basis. Shares of the Company, which offers apparel, shoes and accessories across categories, brands, product types and price points, are trading above its 50-day moving average by 24.05%.
On November 28th, 2017, Stitch Fix announced that it will release its financial results for Q1 FY18 ended October 28th, 2017 after market close on December 19th, 2017. Katrina Lake, CEO and Founder, and Paul Yee, CFO will host a conference call at 5:00 p.m. ET that same day to discuss the results and the Company's outlook. Register for your free research report on SFIX at: http://www.wallstequities.com/registration/?symbol=SFIX
Sally Beauty Holdings
Shares in Denton, Texas headquartered Sally Beauty Holdings Inc. ended yesterday's session 1.71% higher at $17.25. The stock recorded a trading volume of 2.55 million shares, which was above its three months average volume of 2.33 million shares. The Company's shares are trading 1.64% below their 50-day moving average. Moreover, shares of the Company, which together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies, have an RSI of 54.26.
On November 08th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Equal-Weight' to 'Underweight'.
On November 15th, 2017, Sally Beauty announced its financial results for Q4 ended September 30th, 2017. Consolidated net sales were $974.2 million in Q4 2017; gross margin was 49.5%; and operating earnings were $111.8 million. Adjusted EBITDA during the quarter was $150.4 million, inventory was $930.9 million, and capital expenditures were $23.1 million. Wall St. Equities' downloadable research report on SBH is available at: http://www.wallstequities.com/registration/?symbol=SBH
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