|Bid||14.11 x 20000|
|Ask||14.34 x 19300|
|Day's Range||13.96 - 14.60|
|52 Week Range||13.24 - 27.11|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||10.26|
|Forward Dividend & Yield||0.71 (5.16%)|
|1y Target Est||N/A|
was recently downgraded to Hold by TheStreet's Quant Ratings service. ANF's stock price has been cut in half in less than two months so a downgrade does not seem like a big surprise, at least in my mind and experience on Wall Street. In the daily bar chart of ANF, below, we can see a base pattern back in September-February that seemed to show promise of an extended rally phrase.
was trading higher Friday after the retailer's board authorized a new share repurchase program of up to 5 million shares. Combined with its existing buyback program, the company could repurchase about 7.6 million shares -- more than 10% of the total 65.7 million shares outstanding as of June 14. "This new share repurchase program reflects our ongoing confidence in our long-term strategy," said Fran Horowitz, CEO of Abercrombie & Fitch.
Its latest earnings report shows the mall-based apparel retailer is still defying the odds even as its rivals burn out.
Canada Goose and Abercrombie & Fitch got pummeled by the market. Shares of Dick’s Sporting Goods actually rose, but in context, there wasn’t much to smile about.
Shares of Abercrombie & Fitch Co. (NYSE: ANF ) have dropped nearly 50 percent over the past month. The retailer reported a first quarter earnings and sales beat Wednesday, but issued weak second-quarter ...
Prior to Trump’s new round of tariffs that were imposed this month on China, Trump’s tariffs were felt on 12 percent of U.S. imports, while only 9 percent of U.S. exports were levied retaliatory tariffs. The Congressional Budget Office evaluated the impact of Trump tariffs as of January 2019, and it was estimated to reduce GDP by one-tenth of a percentage point by 2022.
Abercombie said in conjunction with its earnings report it will close three more flagship stores, including Abercrombie stores in Japan and Italy, and a Hollister store in New York. Aside from large flagship stores in global cities, the company will also close big stores in malls and move to a smaller location nearby that takes up less square footage. Abercrombie is on track to end 2019 with more stores than it had in 2018 but total square footage will decline, Horowitz said.
** Apparel retailer Abercrombie & Fitch Co on Wednesday forecast second-quarter sales below estimates, amid slowing demand for Hollister, a brand that has fuelled company growth over the last two years ...
(ANF) shares sank Wednesday morning after the company’s first-quarter earnings report spooked investors. Abercrombie & Fitch stock (ticker: ANF) had gained nearly 25% in 2019, compared with an 12% gain for the broader S&P 500 index through Tuesday’s close. Earlier in May, Wedbush analyst Jen Redding lowered her rating of the stock to Underperform from Neutral.
A trio of companies posted historic stock declines Wednesday: Abercrombie & Fitch Co., Canada Goose Holdings Inc. and Michael Kors owner Capri Holdings Ltd., together erasing about $2.9 billion in market capitalization. For Abercrombie, weakening sales cast doubt on the company’s affirmation that it’s in the midst of a sustained rebound. Capri trimmed its sales outlook for the year amid foreign currency weakness and lower revenue from wholesale.
The clothing and lifestyle retailer cut its losses this quarter, but weak guidance and plans for more store closures left investors wanting more.
Canada Goose and Abercrombie & Fitch shares tanked, losing a quarter of their value. The threat of 25% tariffs isn't helping the retail industry, which is already largely delivering poor earnings reports. Retail stocks took a beating Wednesday, hurt by a handful of poor earnings reports and the looming threat of tariffs on clothing imported from China.
Abercrombie & Fitch Stock Sinks on Weak Q1 Same-Store SalesQ1 same-store sales disappointAbercrombie & Fitch (ANF) stock was down 24.5% as of 10:38 AM EST today, as the company generated weak SSSG (or same-store sales growth) for the first
Canada Goose GOOS-CA — Canada Goose shares plummeted more than 30% after the company issued disappointing full-year revenue guidance . Capri Holdings CPRI — The parent company of Michael Kors fell more than 9% after issuing fiscal first-quarter guidance that disappointed investors. Capri said it expects fiscal first-quarter earnings to range between 85 and 90 cents per share.
While Abercrombie & Fitch is planning to close three more of its flagship retail locations, it's opening additional smaller-format stores in a bid to keep traffic growing.
One would think that Abercrombie missed badly on its results, right? The company actually beat both earnings and revenue estimates in the quarter, though. Abercrombie stock had an attractive yield -- which is now up to 4.2% on Wednesday's decline -- and was breaking over multi-year resistance.
Canada Goose is one of the big retail losers today. Its shares plunging after its fiscal 4th quarter revenue missed expectations and the company warned of slowing future sales. Yahoo Finance's Emily McCormick joins Seana Smith.
Specialty retailers reported earnings today. Yahoo Finance's Julie Hyman, Adam Shapiro, Jared Blikre, Scott Gamm and Tendayi Kapfidze, Lending Tree Chief Economist discuss.
Abercrombie & Fitch is shutting down three more flagship stores after same-store sales came in weaker than expected in the first quarter. Yahoo Finance's Brian Sozzi and Alexis Christoforous discuss.
Dick's Sporting Goods, Abercrombie & Fitch and Capri Holdings are all out with their earnings reports and we are breaking them all down. Yahoo Finance's Dan Roberts, Melody Hahm and Myles Udland speak to Sucharita Kodali of Forrester Research.