Future Ventures re-listed after stock's poor trading debut

The Gap Inc. (NYSE:GPS) ended 0.05 percent higher

Wednesday and complete the day at the stock has traded between 26.57 and 43.35 dollars over the last twelve months. Meanwhile, Chico’s FAS, Inc. (NYSE:CHS) closed yesterday at 16.48 dollars, noting a 0.12 percent decrease. Around 1.46 million shares were traded, down from an-average trading volume of 3.02 million shares. The company is now valued at around 2.68 billion dollars.

Still in Wall Street, Abercrombie & Fitch Co. (NYSE:ANF) moved -0.79 percent lower at 47.55 dollars and traded between 46.97 and 47.99 dollars. Its performance over the last five days remained 7.29 percent, which stands at -4.36 percent for a month, seressed analysis team at Value Penny Stocks. “Going back further than one month, 1-year performance after recent close was 39.28 percent,” they added.

Also down, L Brands Inc (NYSE:LTD) declining -1.18 percent to close at 49.20 dollars. The stock is up around 7.19 percent this year and 15.68 percent for the last 12 months. Around 1.17 million shares changed hands yesterday, lower from an-average trading volume of 2.92 million shares.

Elsewhere, analysts at Zacks retain their 'neutral' recommendation over Coach's stock. “We retained our Neutral recommendation on Coach, Inc. with a target price of 60.00 dollars. The stock carries a Zacks Rank #3 (Hold).”

In a note issued Thursday, Zacks explains their decision: “fBeing a leading American marketer of fine accessories and gifts, Coach boasts a proven strategy of investing in stores to enhance store sales productivity through product innovation, compelling pricing strategy, new merchandise assortments and a cost-effective global sourcing model, which we believe should help drive top and bottom-line growth. This was well reflected in the company’s third-quarter fiscal 2013 results, wherein top line rose 7 percent and bottom line increased 9 percent.”

The company remains optimistic about its dual-gender Legacy lifestyle collection, dedicated men's stores and international growth opportunities to counter the soft consumer scenario. The company is also aggressively expanding its e-commerce platform. Management expects to attain more than 600 million dollars in sales worldwide from its Men’s business and at least 425 million dollars in sales in China in fiscal 2013.

“Coach maintains a healthy balance sheet with a significant cash balance and a negligible debt load. The company also has been actively managing its cash flows by generating significant free cash, making prudent capital investments and enhancing shareholders return. The company’s strong liquidity positions it to drive future growth.”

Finally, in India, Future Ventures has re-aligned businesses and get re-listed. The group has sold its majority stakes in Pantaloon and insurance business among other to ease debt pressure, Future Ventures, part of Kishore Biyani’s Future Group, gets re-listed this week as a food and fast moving consumer goods company (FMCG). Future Retail (FURE.NS) shares have fallen as much as 42.8 percent in its first day of trading after the retailer's fashion brands were banded up into a separate business unit. Late in 2012, Pantaloon Retail Ltd, and Future Ventures India (FVIL.NS) agreed to demerge their fashion businesses into a new listed unit that will simplify the businesses into three main segments.

Under the restructuring, a total of 12 fashion and lifestyle brands currently held by Future Retail and Future Ventures will be transferred to Future Lifestyle, along with a debt of 12.26 billion rupees, as the company advanced earlier this year.