L Brands (LB, $27.44) Will Close Henri Bendel Stores
The 123-year old Henri Bendel brand will soon cease to exist.
Parent company L Brands announced Thursday that it is shuttering down all of Henri Bendel ‘s 23 stores and closing the brand’s website in in January 2019 to boost profitability, as Bendel struggles with poor sales performance. L Brands now wants to focus on its bigger brands such as Victoria's Secret and Bath & Body Works.
The Bendel brand, known for its designer purses and shoes, was founded in 1895 by Henri Bendel, and was acquired by L Brands in 1985.
Momentum Indicator for ANF turns positive, indicating new upward trend
ANF saw its Momentum Indicator move above the 0 level on May 24, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned positive. In of the 81 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for ANF just turned positive on May 09, 2023. Looking at past instances where ANF's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
ANF moved above its 50-day moving average on May 24, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ANF crossed bullishly above the 50-day moving average on May 26, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ANF advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 243 cases where ANF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ANF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ANF broke above its upper Bollinger Band on May 26, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ANF’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ANF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.268) is normal, around the industry mean (3.465). P/E Ratio (46.083) is within average values for comparable stocks, (109.693). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.417). ANF has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (0.446) is also within normal values, averaging (1.528).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of apparel and personal care stores
Industry ApparelFootwearRetail
ANF and
Correlation & Price change
A.I.dvisor indicates that over the last year, ANF has been closely correlated with URBN. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if ANF jumps, then URBN could also see price increases.
| Ticker / NAME | Correlation To ANF | 1D Price Change % | ||
|---|---|---|---|---|
| ANF | 100% | -0.63% | ||
| URBN - ANF | 73% Closely correlated | -2.85% | ||
| AEO - ANF | 66% Loosely correlated | -0.45% | ||
| BURL - ANF | 61% Loosely correlated | -0.99% | ||
| ZUMZ - ANF | 60% Loosely correlated | -12.41% | ||
| BKE - ANF | 59% Loosely correlated | -2.26% | ||
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