|Day's Range||223.40 - 226.20|
|52 Week Range||212.80 - 277.50|
|PE Ratio (TTM)||19.96|
|Dividend & Yield||1.10 (4.35%)|
|1y Target Est||N/A|
Abercrombie & Fitch Co, which has put itself up for sale, posted a smaller-than-expected drop in same-store sales, helped by strong demand for surfwear brand Hollister. Shares of the teen apparel retailer, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 10 percent to $14.18 on Thursday. Apparel retailers, including Abercrombie, have been hurt by fierce competition from fast-fashion retailers such as H&M and Inditex's Zara as well as from online retailers such as Amazon.com Inc.
As shares of Hennes & Mauritz AB slump and analysts cut their forecasts and ratings on Europe’s second-largest clothing retailer, at least one investor is seeing it as a buying opportunity.
From H&M to Primark, European retailers hungry for growth are pushing deeper into the U.S., with some using the overexpansion of their American counterparts as a chance to pick up consumers and prime locations....