Streetbeat News

ANF

Abercrombie & Fitch Co.

https://www.abercrombie.com

Industry

Apparel - Retail

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands. As of January 29, 2022, it operated approximately 729 retail stores in Europe, Asia, Canada, the Middle East, United States, and internationally. The company sells products through its stores; various third-party wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.

Open

144.49

Mkt cap

7.4B

Volume

939K

High

145.20

P/E Ratio

15.34

52-wk high

196.99

Low

141.65

Div yield

N/A

52-wk low

65.60

UBS analyst Jay Sole has maintained a Neutral rating on Abercrombie & Fitch (NYSE:ANF) and increased the price target from $93 to $98.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:38 pm

Abercrombie & Fitch (NYSE:ANF) has been analyzed by 8 analysts, showing a shift towards a more bullish sentiment with 4 somewhat bullish and 4 indifferent ratings. The average 12-month price target for ANF is now $78.88, up 14.55% from the previous target of $68.86. Analysts from Telsey Advisory Group, Citigroup, UBS, and Morgan Stanley have raised their price targets, reflecting positive expectations for the company's performance. Abercrombie & Fitch has demonstrated strong financial health with a 20.04% revenue growth rate, a net margin of 9.11%, an ROE of 11.77%, an ROA of 3.38%, and a conservative debt-to-equity ratio of 1.27.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 12:01 pm

Telsey Advisory Group analyst Dana Telsey has maintained an Outperform rating on Abercrombie & Fitch (NYSE:ANF) and increased the price target from $95 to $105.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 10:18 am

US stocks saw a rebound with the Nasdaq 100 and small-cap stocks leading the gains, while the Dow Jones was weighed down by Boeing's struggles. Semiconductor stocks like NVIDIA and AMD posted significant gains. The 10-year Treasury Note yield fell, and energy commodity prices dropped. Bonds recovered, and the U.S. dollar depreciated. Bitcoin rose above $45,000, while gold prices fell. Sector ETFs like XLK and XLRE saw upticks, whereas XOP and OIH experienced declines. Notable stock movements included Boeing's drop after an FAA grounding order, NVIDIA's rise on AI chip production news, AMD's gain after a new processor reveal, American Airlines' upgrade by Morgan Stanley, Crocs' surge on raised sales forecast, and Abercrombie & Fitch's increase after raising its sales forecast.

Portfolio Pulse from Piero Cingari

January 08, 2024 | 6:15 pm

Abercrombie & Fitch Co (NYSE:ANF) shares surged after the company updated its Q4 and FY2023 guidance, raising net sales and operating margin outlooks. Q4 net sales are now expected to grow in the high-teens, with an operating margin of around 15%, up from the previous 12%-14% range. FY23 net sales outlook increased to 14%-15% growth from 12%-14%, and operating margin is anticipated to be around 11%, up from 10%. CEO Fran Horowitz attributed the positive adjustment to strong customer response to product assortments and marketing. The company believes these results will exceed the Always Forward Plan 2025 financial targets ahead of schedule. ANF shares rose by 7.77% to $97.57.

Portfolio Pulse from Shivani Kumaresan

January 08, 2024 | 4:54 pm

Abercrombie & Fitch's stock is trading higher following the company's announcement of an increased outlook for Q4 net sales and operating margin.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:38 pm

Abercrombie & Fitch Co. has raised its Q4 net sales outlook from a low double-digit increase to a high-teens increase. Additionally, the company has improved its Q4 operating margin guidance from the previously expected range of 12-14% to around 15%.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:25 pm

Barron's weekend stock picks include Abercrombie & Fitch, Apple, Nvidia, and IBM. Abercrombie & Fitch's future growth is uncertain despite a recent spike. Apple faces a 5.9% YTD decline amid antitrust concerns. Shipping stocks like Maersk may benefit from Middle East conflict and Panama Canal drought. Nvidia is projected to generate $100 billion in free cash flow from AI chip sales. IBM's AI ambitions are met with skepticism from analysts.

Portfolio Pulse from Justin Chan

January 06, 2024 | 2:12 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' labeled Camtek Ltd. as 'too expensive' and advised waiting for a pullback. He expressed a longstanding dislike for Novavax, Inc., preferring Nucor Corporation over Atkore Inc. for steel-related investments. Cramer also deemed Coinbase Global, Inc. as 'too expensive' and suggested caution with EyePoint Pharmaceuticals, Inc. as 'the easy money has been made.' He compared American Eagle Outfitters, Inc. favorably to Abercrombie & Fitch Co., which he considers 'much better.'

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 2:07 pm

Abercrombie & Fitch Co (NYSE:ANF) shares rose 3.1% to $75.59, hitting a new 52-week high, driven by positive retail sales data from Mastercard SpendingPulse. U.S. retail sales on Black Friday increased 2.5% year over year, with e-commerce sales up 8.5%. ANF's performance reflects consumer engagement and brand loyalty, with both online and in-store sales showing stability despite economic uncertainty.

Portfolio Pulse from Henry Khederian

November 27, 2023 | 8:45 pm

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