Technical Snapshots for these Apparel Stores Stocks — Ascena Retail, Destination XL, Ross Stores, and Stein Mart

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If you want a Stock Review on ASNA, DXLG, ROST, or SMRT then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Competition for the Clothing Store industry includes department stores, discount and outlet stores, and Internet and catalog retailers. The online and off-price apparel sales channels are growing rapidly, especially among younger women who are major consumers of apparel. This morning, DailyStockTracker.com presents for evaluation the following equities: Ascena Retail Group Inc. (NASDAQ: ASNA), Destination XL Group Inc. (NASDAQ: DXLG), Ross Stores Inc. (NASDAQ: ROST), and Stein Mart Inc. (NASDAQ: SMRT). Access DailyStockTracker.com’s complimentary reports for today’s stocks line-up at:

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Ascena Retail Group 

Shares in New Jersey-based Ascena Retail Group Inc. saw a correction of 4.19%, ending Thursday’s trading session at $2.06. The stock recorded a trading volume of 1.87 million shares. The Company’s shares have gained 2.49% in the last one month. The stock is trading 4.36% below its 50-day moving average. Moreover, shares of Ascena Retail, which through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the US, Canada, and Puerto Rico, have a Relative Strength Index (RSI) of 49.31.

On August 23rd, 2017, maurices, a value fashion segment of Ascena Retail Group, introduced a fall campaign, #mauriceslovesteachers, to recognize, celebrate, and reward teachers across the US and Canada for the service they provide in their communities. It will provide school-style how-tos and honor teachers with contests and gifts, including gift cards for school supplies, shopping sprees, and special discounts. Visit us today and access your complete report on ASNA for free at:

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Destination XL Group 

Massachusetts headquartered Destination XL Group Inc.’s stock closed the day flat at $1.95 with a total trading volume of 216,054 shares. The Company’s shares have advanced 14.71% in the past month. The stock is trading 2.90% above its 50-day moving average. Additionally, shares of Destination XL, which together with its subsidiaries, operates as a specialty retailer of big and tall men’s apparel in the US and England, have an RSI of 51.83.  

On August 24th, 2017, Destination XL announced the election of two new directors to its Board of Directors. Jack Boyle, President of Merchandising for Fanatics, Inc., and Oliver Walsh, former Chief Marketing Officer of Aritzia, were elected to the Company’s Board at its Annual Meeting of Stockholders on August 03rd, 2017. The complimentary research report on DXLG can be accessed at:

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Ross Stores 

On Thursday, shares in California headquartered Ross Stores Inc. recorded a trading volume of 2.80 million shares. The stock ended the day 1.32% lower at $60.60. The Company’s shares have advanced 14.27% in the past month, and are trading above their 50-day moving average by 7.46%. Furthermore, shares of Ross Stores, which together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the US, have an RSI of 63.55.

On August 30th, 2017, Ross Stores announced a $400,000 donation to the American Red Cross to assist with disaster relief efforts in Texas and Louisiana for the thousands of people impacted by Hurricane Harvey. The Company is also raising additional funds by accepting customer donations to the American Red Cross from August 31st, 2017, through September 16th, 2017, at the store registers of its 1,384 Ross Dress for Less® and 205 dd’s DISCOUNTS® locations.

On September 12th, 2017, research firm Bernstein initiated an ‘Outperform’ rating on the Company’s stock, with a target price of $74 per share. Register for free on DailyStockTracker.com and download the research report on ROST at:

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Stein Mart 

Florida headquartered Stein Mart Inc.’s stock rose 2.26%, finishing yesterday’s session at $1.36 with a total trading volume of 636,458 shares. The Company’s shares have advanced 12.40% in the last one month. The stock is trading above its 50-day moving average by 5.77%. Additionally, shares of Stein Mart, which operates as a retailer that provides fashion merchandise products and related services in the US, have an RSI of 60.17.

On September 05th, 2017, Stein Mart announced that it is launching a new and expanded credit card rewards program. For more than a decade, the Company has partnered with Synchrony Financial to offer a credit card program to qualifying cardholders through its Stein Mart Style Platinum Mastercard and Stein Mart Style Credit Card. Under the new program, all Company cardholders will earn points for dollars spent, and a new Elite credit card will provide higher rewards to the very best customers. Get free access to your research report on SMRT at:

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