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

Abercrombie & Fitch (NYSE:ANF) exceeded Q3 earnings expectations with $1.83 per share against the $1.18 estimate, a significant increase from $0.01 per share last year. However, sales of $1.06B fell short of the $1.34B estimate, despite being a 20.04% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:36 pm

Abercrombie & Fitch reported a significant increase in Q3 adjusted earnings to $1.83 per share, up from $0.01 YoY, with sales rising to $1.06B from $880.08M YoY, marking a 20.04% increase.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 12:32 pm

Numerous companies are scheduled to report their earnings on November 21, 2023, both before the opening bell and after the closing bell. The list includes a variety of sectors, with companies such as Golden Ocean Group, Burlington Stores, Analog Devices, Best Buy, Lowe's Companies, NVIDIA, and HP among others. The earnings reports will provide investors with insights into each company's financial health and performance for the respective quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:12 pm

Ahead of Nvidia's earnings, Nasdaq and S&P 500 futures indicate a modestly lower open. Analysts suggest a potential pause after recent gains but remain optimistic for a seasonal rally into year-end. Traders are watching the December Fed meeting minutes and bond yields. U.S. stocks had a strong performance on Monday, with technology stocks leading. Futures for SPDR S&P 500 ETF Trust and Invesco QQQ ETF are slightly down in premarket trading. Several companies, including Agilent Technologies and Baidu, reported earnings, with more companies scheduled to release their results.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 12:11 pm

Ahead of Black Friday, several retailers are set to report earnings, including Best Buy (BBY), which faces lowered price targets due to macro trends affecting consumer demand. Analysts have mixed views, with some seeing long-term strength and others noting near-term challenges. Other retailers reporting earnings include Lowe's (LOW), Kohl's (KSS), Dick's Sporting Goods (DKS), American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Burlington Stores (BURL), and Guess? (GES). The reports will provide insights into consumer spending and expectations for the holiday season.

Portfolio Pulse from Chris Katje

November 20, 2023 | 5:18 pm

Retail and apparel stocks are experiencing an uptick after Gap and Ross Stores reported robust earnings. This positive sentiment may extend to other companies in the sector, reflecting investor optimism about the retail industry's performance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 4:45 pm

Ross Stores, Inc. (NASDAQ:ROST) reported strong third-quarter earnings, beating estimates with $1.33 per share and revenue of $4.92 billion, leading to an 8.8% stock surge. The company also raised its FY23 EPS guidance. Other stocks like The Gap, Inc. (NYSE:GPS), Twist Bioscience Corporation (NASDAQ:TWST), and several others also moved higher on Friday after reporting positive financial results or receiving favorable analyst ratings.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 4:02 pm

Telsey Advisory Group has reaffirmed its Outperform rating on Abercrombie & Fitch (NYSE:ANF) and increased its price target from $62.00 to $74.00. Following this news, ANF shares have risen 3.1% to $68.45. The new price target suggests a potential upside of 8.11% from the current price. Abercrombie & Fitch is a specialty retailer with a significant presence in the United States and international markets, operating under various brand names.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 5:00 pm

Wall Street analysts have updated their price targets and ratings for several companies. Keybanc raised monday.com's target, while Raymond James, Bernstein, Barclays, Baird, Piper Sandler, Canaccord Genuity, TD Cowen, and HC Wainwright & Co. made various adjustments for other firms. These changes could influence the stock performance in the short term.

Portfolio Pulse from Lisa Levin

November 14, 2023 | 12:38 pm

Telsey Advisory Group analyst Dana Telsey has maintained an Outperform rating on Abercrombie & Fitch (NYSE:ANF) and increased the price target from $62 to $74.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:15 am

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