Tuesday, April 5, 2011

Abercrombie (ANF) Boosts (JCP) (M) (LTD) (URBN)

Shares of retailers like J.C. Penney (NYSE:JCP), Limited Brands (NYSE:LTD), Urban Outfitters (NASDAQ:URBN) and Macy’s (NYSE:M) are all jumping today, as quarterly results by Abercrombie (NYSE:ANF) are leading the sector higher.

Abercrombie & Fitch is leading the way on its guidance in its latest report, where the company said they see EPS rising to $4.75 for the fiscal year.

The retailer also said in its first investor day in several years that it is going to aggressively maintain momentum with its international expansion.

Abercrombie was trading at $65.96, gaining $6.79, or 11.48 percent, as of 1:47 PM EDT. Limited was trading at $34.83, up $1.49, or 4.49 percent. JCPenny was at $37.05, rising $1.17, or 3.26 percent. Urban Outfitters was trading at $30.88, increasing $0.69, or 2.29 percent. Macy's jumped to $24.73, gaining $0.80, or 3.34 percent.

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