Market Overview

Abercrombie, OfficeMax and Other Top Performers in the Past 30 Days

Shares of Abercrombie & Fitch (NYSE: ANF) soared more than 34 percent Wednesday after the apparel retailer's third-quarter results topped analyst consensus estimates, due in part to strong international performance, and it raised its full-year outlook.

Here is a quick look at Abercrombie and some of the top-performing service sector stocks in the past month. These companies all have a market cap of more than $500 million, they pay a dividend and their share prices are more than 10 percent higher than 30 days ago.

Abercrombie & Fitch shares are trading more than 14 percent lower year to date, despite this week's jump in the share price. That is because the stock tumbled in May following a disappointing quarterly report. Note that short interest is more than 12 percent of the float. But Abercrombie has a long-term EPS growth forecast of more than 18 percent. Over the past six months though, the stock has underperformed competitor The Gap (NYSE: GPS) and the broader markets.

See also: Abercrombie Soars 30% After Q3 Results

Advance Auto Parts (NYSE: AAP) shares jumped more than 14 percent in the beginning of the month on news that it was seeking a buyer. The share price is more than 11 percent higher than at the beginning of the year. Third-quarter earnings fell due to weak sales in the cold weather markets. The company has a return on equity of more than 40 percent and a dividend yield of about 0.3 percent. The stock has outperformed rival O'Reilly Auto Parts (NYSE: ORLY) over the past six months.

Cinemark Holdings (NYSE: CNK), a Texas-based movie theater operator, has pulled back more than five percent from a recent multiyear high. The share price is up more than 37 percent year to date. Its third-quarter earnings were boosted by lower costs, which offset a revenue decline. The dividend yield is about 3.6 percent and the P/E ratio is less than the industry average. The stock's performance is largely in line with that of rival Regal Entertainment (NYSE: RGC) over the past six months.

See also: Morgan Stanley Raises PT to $26 on Cinemark Holdings on International Growth

OfficeMax (NYSE: OMX) hit a 52-week high earlier this week and is up more than 66 percent year to date. The specialty retailer beat bottom line estimates in its most recent quarterly report due to cost control efforts. Its return on equity is about 55 percent, but the price-to-earnings (P/E) ratio is only about 1.6 and the short interest is more than 16 percent of the float. Still, the stock as outperformed rivals Office Depot (NYSE: ODP) and Staples (NASDAQ: SPSL) over the past six months.

Royal Caribbean Cruises (NYSE: RCL) is about 31 percent higher year to date and recently reached a 52-week high. The Miami-based company saw an analyst's upgrade on Wednesday due to valuation, higher yields and new ship profitability. Royal Caribbean has a long-term EPS growth forecast of more than 10 percent. Short interest is about six percent of the float. Over the past six months, the stock has outperformed competitor Carnival (NYSE: CCL) and the broader markets.

Posted-In: abercrombie & fitch advance auto parts carnival Cinemark Holdings GAPLong Ideas Short Ideas Trading Ideas Best of Benzinga

 

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