Chain Store Sales in December Show Promise

A survey by the International Council of Shopping Centers and Goldman Sachs (NYSE:GS) revealed encouraging data about retail (NYSEARCA:XRT) chain store sales trends.

In the week ending Dec. 31, sales rose 5.3% over the same period a year ago, and 1.2% over the preceding week. The annual change of 5.3% was the highest percentage growth since the previous high in the week ending July 11, 2010.

Sales were driven higher by milder weather across the country, an uptick in gift-card redemptions and a government holiday during that period. ICSC’s chief economist, Michael Niemira, said, “The last few weeks of December helped to lift the full-month performance above our earlier expectation.”

Here’s how top retail stocks are reacting to the news:

Wal-Mart Stores Inc. (NYSE:WMT): WMT shares recently traded at $59.50, down $0.83, or 1.38%. They have traded in a 52-week range of $48.31 to $61.06. Volume today was 4,248,553 shares versus a 3-month average volume of 10,820,800 shares. The company’s trailing P/E is 12.59, while trailing earnings are $4.72 per share.

Macy’s, Inc. (NYSE:M): M shares recently traded at $32.75, up $0.07, or 0.21%. They have traded in a 52-week range of $21.69 to $33.26. Volume today was 3,988,383 shares versus a 3-month average volume of 7,843,780 shares. The company’s trailing P/E is 12.01, while trailing earnings are $2.73 per share.

J. C. Penney Company, Inc. (NYSE:JCP): JCP shares recently traded at $34.54, down $0.48, or 1.37%. They have traded in a 52-week range of $23.44 to $41.00. Volume today was 1,206,862 shares versus a 3-month average volume of 4,013,000 shares. The company’s trailing P/E is 37.75, while trailing earnings are $0.92 per share.

Target Corp. (NYSE:TGT): TGT shares recently traded at $50.29, down $0.83, or 1.62%. They have traded in a 52-week range of $45.28 to $59.78. Volume today was 3,688,776 shares versus a 3-month average volume of 5,874,780 shares. The company’s trailing P/E is 11.70, while trailing earnings are $4.30 per share.

Bed Bath & Beyond, Inc. (NASDAQ:BBBY): BBBY shares recently traded at $59.88, up $1.5, or 2.57%. They have traded in a 52-week range of $44.79 to $63.83. Volume today was 1,345,938 shares versus a 3-month average volume of 2,384,360 shares. The company’s trailing P/E is 16.03, while trailing earnings are $3.74 per share.

Urban Outfitters Inc. (NASDAQ:URBN): URBN shares recently traded at $28.51, up $0.76, or 2.74%. They have traded in a 52-week range of $21.47 to $39.26. Volume today was 1,067,540 shares versus a 3-month average volume of 3,250,350 shares. The company’s trailing P/E is 21.03, while trailing earnings are $1.36 per share.

Abercrombie & Fitch Co. (NYSE:ANF): ANF shares recently traded at $48.22, down $0.67, or 1.37%. They have traded in a 52-week range of $44.22 to $78.25. Volume today was 708,957 shares versus a 3-month average volume of 2,882,730 shares. The company’s trailing P/E is 21.66, while trailing earnings are $2.23 per share.

Aeropostale, Inc. (NYSE:ARO): ARO shares recently traded at $15.42, up $0.51, or 3.42%. They have traded in a 52-week range of $9.16 to $26.83. Volume today was 1,034,236 shares versus a 3-month average volume of 3,103,760 shares. The company’s trailing P/E is 10.18, while trailing earnings are $1.51 per share.

American Eagle Outfitters, Inc. (NYSE:AEO): AEO shares recently traded at $15.70, down $0.02, or 0.13%. They have traded in a 52-week range of $11.35 to $17.46. Volume today was 3,296,507 shares versus a 3-month average volume of 4,380,220 shares. The company’s trailing P/E is 16.39, while trailing earnings are $0.96 per share.

Kohl’s Corp. (NYSE:KSS): KSS shares recently traded at $47.71, down $0.32, or 0.67%. They have traded in a 52-week range of $42.14 to $57.39. Volume today was 1,379,904 shares versus a 3-month average volume of 4,189,810 shares. The company’s trailing P/E is 11.21, while trailing earnings are $4.26 per share.

Costco Wholesale Corporation (NASDAQ:COST): COST shares recently traded at $84.36, down $0.24, or 0.28%. They have traded in a 52-week range of $69.54 to $88.68. Volume today was 669,586 shares versus a 3-month average volume of 2,486,070 shares. The company’s trailing P/E is 25.39, while trailing earnings are $3.32 per share.

To contact the reporter on this story: Brooke Edge at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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