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

141.63

Mkt cap

7.4B

Volume

High

144.34

P/E Ratio

14.59

52-wk high

196.99

Low

140.35

Div yield

N/A

52-wk low

65.34

Abercrombie & Fitch (NYSE: ANF) reported strong first-quarter FY24 results, with sales and EPS beating analyst estimates. The company raised its FY24 sales and operating margin outlook. Analysts from Telsey Advisory Group and Morgan Stanley increased their price targets for ANF.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 12:42 pm

Morgan Stanley has maintained its Equal-Weight rating on Abercrombie & Fitch (NYSE:ANF) while raising the price target from $112 to $172.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:35 pm

Telsey Advisory Group has maintained its 'Outperform' rating on Abercrombie & Fitch (NYSE:ANF) and raised the price target from $152 to $208.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:33 pm

Investor optimism decreased as the Dow Jones fell over 400 points. The CNN Money Fear and Greed index showed a decline but remained in the 'Neutral' zone. Abercrombie & Fitch posted strong Q1 results and raised guidance, while Advance Auto Parts shares fell 11% after Q1 results. Investors await earnings from Best Buy, Dollar General, Dell Technologies, and Costco.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 6:01 am

NVIDIA Corp. (NASDAQ:NVDA) has seen a 186% surge in the past year, driven by high demand for AI chips, making it the third-largest U.S. company by market value. However, seven other U.S. stocks have more than doubled Nvidia's returns over the same period, including Vera Therapeutics, Vertiv Holdings, MicroStrategy, Abercrombie & Fitch, Carvana, Soleno Therapeutics, and MoneyLion.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 9:56 pm

JP Morgan analyst Matthew Boss maintains a Neutral rating on Abercrombie & Fitch (NYSE:ANF) and raises the price target from $144 to $167.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:49 pm

Jefferies analyst Corey Tarlowe maintains a Buy rating on Abercrombie & Fitch (NYSE:ANF) and raises the price target from $155 to $215.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:42 pm

U.S. stocks traded lower with the S&P 500 down 0.5%. Abercrombie & Fitch reported better-than-expected earnings and raised guidance. ReShape Lifesciences, Brand Engagement Network, and Innovative Eyewear saw significant stock price increases, while Cue Health, American Airlines, and Faraday Future experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 6:33 pm

Volatility surged in the market as Treasury yields and the US dollar climbed ahead of key economic releases. The CBOE Volatility Index (VIX) spiked 9%, and the yield on the 30-year Treasury note rose to 4.74%. The iShares 20+ Year Treasury Bond ETF (TLT) fell 1.3%, while the Invesco DB USD Index Bullish Fund ETF (UUP) rose 0.5%. Major US equity indices and sectors traded in the red. American Airlines (AAL) tumbled 14% after trimming Q2 earnings guidance and receiving analyst downgrades. ConocoPhillips (COP) announced an all-stock deal to buy Marathon Oil (MRO), with COP shares falling 4% and MRO rising 8%. Bank OZK (OZK) dropped 14% following a downgrade from Citigroup. Dicks Sporting Goods (DKS) spiked 15% after beating earnings expectations. Other notable stock movements included Heico Corp. (HEI) up 2.1%, Viking Holdings (VIK) down 2.7%, Chewy Inc. (CHWY) up 29%, Abercrombie & Fitch (ANF) up 22%, and Advance Auto Parts (AAP) down 8%.

Portfolio Pulse from Piero Cingari

May 29, 2024 | 5:32 pm

Bank of Montreal (NYSE:BMO) shares fell 7.1% after reporting worse-than-expected Q2 earnings. Other notable stock movements include ReShape Lifesciences Inc. (NASDAQ:RSLS) jumping 82.8% due to a new patent, and Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) falling 38.8% after disappointing revenue results.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 5:28 pm

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