Fast Retailing (OTCMKTS:FRCOY – Get Free Report) issued its earnings results on Thursday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06, Zacks reports.
Fast Retailing Trading Up 0.0%
Shares of Fast Retailing stock opened at $53.82 on Thursday. Fast Retailing has a 1 year low of $29.25 and a 1 year high of $55.65. The company has a 50 day simple moving average of $49.44 and a two-hundred day simple moving average of $43.96.
Analysts Set New Price Targets
A number of equities analysts have recently commented on FRCOY shares. Zacks Research lowered shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein assumed coverage on shares of Fast Retailing in a report on Tuesday, May 26th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Fast Retailing presently has an average rating of “Hold”.
About Fast Retailing
Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.
The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.
Recommended Stories
- Five stocks we like better than Fast Retailing
- Catching the AI Wave: DigitalOcean Reels in AI Whales
- Rivian’s 75 Million-Share Offering Turns the R2 Growth Story Into a Dilution Test
- Sony Is Going All-Digital—But Investors Should Watch This Instead
- Scotiabank Sees a New Growth Story for Cloudflare
Receive News & Ratings for Fast Retailing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fast Retailing and related companies with MarketBeat.com's FREE daily email newsletter.
