ANF - Abercrombie & Fitch Co.
| Previous Close | 15.99 |
| Open | 16.04 |
| Bid | 15.75 x 1800 |
| Ask | 15.96 x 1400 |
| Day's Range | 15.71 - 16.22 |
| 52 Week Range | 13.58 - 30.63 |
| Volume | 2,557,578 |
| Avg. Volume | 2,981,342 |
| Market Cap | 988.162M |
| Beta (3Y Monthly) | 1.33 |
| PE Ratio (TTM) | 15.06 |
| EPS (TTM) | 1.04 |
| Earnings Date | Nov 27, 2019 - Dec 2, 2019 |
| Forward Dividend & Yield | 0.80 (5.00%) |
| Ex-Dividend Date | 2019-09-05 |
| 1y Target Est | 17.69 |
- Zacks
Tariffs Cast a Pall Over Retail: 5 Stocks on Alert
The List 4 tariffs sparked concerns for the retail sector and American consumers making everyday goods expensive. Some retailers lowered outlooks for the current year due to the tariff woes.
- Simply Wall St.
Why I Like Abercrombie & Fitch Co. (NYSE:ANF)
Attractive stocks have exceptional fundamentals. In the case of Abercrombie & Fitch Co. (NYSE:ANF), there's is a...
- Yahoo Finance
Why Forever 21 will probably go bankrupt and disappear
Forever 21 potentially going out of business makes a lot of sense.
- PR Newswire
DoSomething.org and Hollister Partner for Back-to-School Anti-Bullying Campaign
NEW YORK, Sept. 10, 2019 /PRNewswire/ -- For students, going back to school can be super exciting (!!!), and also super stressful. Yep, five positive statements of affirmation can cancel out one negative feeling someone may experience from being bullied1. Students across the country can print and post affirmation tear sheets in their schools, and their classmates can tear and share a positive message from them to help undo bullying and spread good vibes nationwide.
- Yahoo Finance
Trump just shredded some big retail stocks with his new China tariffs
Investors in apparel stocks just got a beat down because of President Trump's intensified trade war with China.
- GuruFocus.com
Why Abercrombie & Fitch Is a Buy
The retailer’s growth strategy could catalyze its financial performance Continue reading...
- Investopedia
Abercrombie Beats Estimates, but Bear Market Continues
The retailer plans to close three of its flagship stores and reduce its dealings with China to minimize the effects of increasing tariffs.
- Bloomberg
China’s Manufacturing Sector Keeps Getting Whacked by Trump
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The outlook for China’s manufacturing sector deteriorated further in August, underlining the weakness in the domestic economy just as a new round of tariffs kicks in.The manufacturing purchasing managers’ index dropped to 49.5, according to data released Saturday by the National Bureau of Statistics, with sub-gauges showing that domestic and new overseas orders contracted. On Sunday, higher U.S. tariffs on roughly $110 billion in Chinese imports took effect, as did Beijing’s retaliatory duties on U.S. goods coming the other way.U.S President Donald Trump’s tariff war continues to heap pressure on China’s economy and policy makers at a time when economic output already is in a long-term deceleration. Until now, officials have stuck doggedly to a relatively limited roster of stimulus measures out of concern that more ambitious support would further swell indebtedness and over-inflate the frothy property market.“While we find Beijing’s self-restraint admirable, we are unsure whether this well-intended master plan could be put into practice, as the risks to growth may have been underestimated,” analysts at Nomura International Ltd. including Lu Ting wrote in a note. Toward the end of the year the government “may be compelled to increase credit growth and ease its tightening measures on property markets again.”The government is not sounding the alarm just yet. Late Sunday, the State Council, China’s cabinet, released a statement saying that overall risks are “controllable” and the economy is stable. At the same time, counter-cyclical adjustments in economic policy will be increased, according to the statement.A different, private gauge focused more on smaller companies showed manufacturing returning to expansion. The Caixin PMI rose to 50.4 in August from 49.9 in July, in data released Monday. In Saturday’s official data there was a pickup in the PMI for small firms, although it was still in contraction.Export ContractionThe official data’s sub-index gauging new export orders rose to 47.2, but was still in contraction, while new orders contracted further. The extra tariffs now will hit manufacturers harder.What Bloomberg’s Economists SayThe fall further into contraction of the official PMI, with almost all the sub-components weakening, shows the need for more policy support is growing more urgent.While the Caixin PMI returned to expansion, “we are not convinced it indicates a genuine improvement in China’s export sector -- the focus of the survey. The rise was mainly driven by the production side.”\-- David Qu and Chang Shu, Bloomberg EconomicsClick here for the full notesThe Trump administration imposed additional 15% duties on consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of about $160 billion in Chinese goods -- including laptops and cellphones -- will be hit with 15% tariffs on Dec. 15.That’s pushing many American companies to move manufacturing out of China to avoid being affected. Abercrombie & Fitch Co. is pushing to reduce its dependence on suppliers in China by more than 40% from last year’s level, but some companies are struggling to do that. Gunmaker American Outdoor Brands Corp. has tried to shift some manufacturing to other countries, but found their supply chains aren’t as sophisticated as China’s and the same components aren’t available.In response to the U.S. actions, China targeted U.S. agricultural and manufacturing centers in the Midwest and South, with higher tariffs on soybeans and other farm goods plus increased charges on U.S. autos -- where duties can now total as much as 50%.In the official PMI report, the index showing prices at the factory door continued to decline, although the renewed contraction of input prices should relieve some of the pressure on company profits.The economy slowed in July and a set of early data collated by Bloomberg showed the trend continuing in August, with poor sales managers’ sentiment and falling trade. However, an improvement in small business confidence is a sign that earlier pro-growth measures may be having an effect.Small Business GlimmerEconomists continue to warn that the trade war risks dragging the global economy into recession, a development that would ultimately feed through into Chinese domestic demand. For now, officials may take some encouragement from the relative strength of the services and construction PMI index, which rose marginally in August and remains in expansion.That partly reflects the long-term shift of the economy away from investment and exports and toward a consumption-led growth model.There are signs that the rapid escalation in the trade war in recent weeks could be topping out. Last week China indicated that it wouldn’t immediately retaliate against the next round of higher U.S. duties. Trump indicated Friday that negotiations between the two nations slated for September are still going ahead.With each new downbeat data release, however, Chinese policy makers face greater pressure to abandon their restrained stimulus approach.“In a macro environment with a weaker credit cycle and falling nominal growth, there is room and urgency for monetary policy to loosen, in order to prevent real interest rates from rising further,” economists at China International Capital Corp. led by Yuan Yue wrote.(Updates with Bloomberg economists’ comments.)\--With assistance from Yinan Zhao and Rachel Chang.To contact Bloomberg News staff for this story: Miao Han in Beijing at mhan22@bloomberg.net;Tomoko Sato in Tokyo at tsato3@bloomberg.netTo contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, James Mayger, Chris BourkeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Motley Fool
Abercrombie & Fitch's Growth Flatlines as Its Margins Crumble
The apparel retailer’s comps growth hits a brick wall after ten straight quarters of expansion.
- Simply Wall St.
Why You Might Be Interested In Abercrombie & Fitch Co. (NYSE:ANF) For Its Upcoming Dividend
Abercrombie & Fitch Co. (NYSE:ANF) stock is about to trade ex-dividend in 3 days time. Ex-dividend means that...
- Bloomberg
Trump Stays Defiant Before Tariffs, Lashing ‘Weak’ Critics
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump showed no sign that he’s going to back down from new tariffs on more than $110 billion in Chinese imports -- set to take effect within hours -- even as talks are set to continue.“They’re on,” Trump told reporters on Friday before heading to Camp David, the. U.S. presidential retreat in Maryland. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” he said.“We’re going to win the fight,” Trump said. On Saturday Trump tweeted about Democrats -- he singled out Representative Debbie Dingell of Michigan -- “wanting to give up on our very successful Trade battle with China.” The president also took credit for low gasoline prices, “just like a Tax Cut.” U.S. stocks on Friday moved between gains and losses as investors weighed the effects of more import tariffs on American households. U.S. consumer sentiment slumped to the lowest level of Trump’s presidency. The University of Michigan’s final sentiment index fell to 89.8 in August from a previously reported 92.1 and 98.4 in July, data showed Friday.The U.S. is starting a 15% tariff on about $110 billion in apparel, footwear and other Chinese imports Sunday, with same duty on the balance of almost $300 billion in toys, phones and laptops and other products delayed until Dec. 15. Trump is also increasing the levy already in effect on $250 billion in other Chinese goods to 30% from 25% starting Oct. 1, the 70th anniversary of the founding of the People’s Republic of China.China has vowed additional tariffs on $75 billion of U.S. goods, including soybeans, automobiles and oil, with some taking effect Sunday and the rest Dec. 15 in retaliation.Earlier Friday, Trump blamed American companies for their inability to deal with a trade policy he said is aimed at reining in “unfair players.”“Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management,” Trump tweeted Friday. “And who can really blame them for doing that? Excuses!”In a separate Twitter post on Friday, he took aim at the Federal Reserve again, writing that “we don’t have a Tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem.”Trump has repeatedly attacked the central bank, blaming policy makers for the dollar’s strength and harming the economy by raising interest rates and then moving to cut them too slowly.Several prominent American companies in recent days have tied weaker performance to trade frictions.Shares of American Outdoor Brands Corp. plunged 22% on Friday after the maker of Smith & Wesson handguns cut its forecast to include $5 million in costs for tariffs on Chinese imports.Best Buy Co. fell 8% on Thursday after delivering sluggish sales and trimming its outlook for the year, citing consumer uncertainty in the second half of the year along with the complications that tariffs create. Abercrombie & Fitch Co. sank 15% on Thursday after trimming its sales outlook and flagging the impact of tariffs on its profit margin.Business BlameWhile it’s unclear who Trump is responding to in his criticism of businesses that blame their problems on tariffs, the largest U.S. business lobby this week urged him and Chinese President Xi Jinping to withdraw from the new tariffs and return to talks in good faith to end the escalating trade war.“At this moment of uncertainty, it is critical that our leaders take decisive steps to bolster the economy and avoid actions that could turn talk of recession into reality,” Thomas Donohue, chief executive officer of the U.S. Chamber of Commerce, said in a Washington Post opinion piece Thursday.Other American industry groups were also critical of the escalation.A coalition of more than 150 trade associations made a last-ditch plea to postpone the duties, saying they “come at the worst possible time” and that holiday purchases will still be affected.Despite the worsening trade tensions, a large majority of the American companies that are members of the U.S.-China Business Council said they’re committed to China over the long term and don’t plan to leave, according to a survey the group released Thursday.(Updates with Trump tweets in fourth paragraph.)\--With assistance from Josh Wingrove.To contact the reporters on this story: Brendan Murray in London at brmurray@bloomberg.net;Alyza Sebenius in Washington at asebenius@bloomberg.netTo contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Sarah McGregor, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Here's How P/E Ratios Can Help Us Understand Abercrombie & Fitch Co. (NYSE:ANF)
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Zacks
Abercrombie (ANF) Q2 Loss Narrows, Stock Down on Tariff Woes
Abercrombie (ANF) posts narrower-than-expected loss and sales miss in second-quarter fiscal 2019. Moreover, the company cuts sales view for the fiscal year.
- Thomson Reuters StreetEvents
Edited Transcript of ANF earnings conference call or presentation 29-Aug-19 12:30pm GMT
Q2 2019 Abercrombie & Fitch Co Earnings Call
- Motley Fool
Why Ollie's Bargain Outlet Holdings, Abercrombie & Fitch, and H&R Block Slumped Today
Despite higher markets, earnings were these stocks' downfall.
Motley FoolAbercrombie & Fitch Co (ANF) Q2 2019 Earnings Call Transcript
ANF earnings call for the period ending August 3, 2019.
- Reuters
US STOCKS-Wall St rallies after China trade comments
U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and industrial sectors as China expressed hope on trade negotiations with the United States, easing concerns that rising tensions could stoke a recession. China's commerce ministry said both sides are discussing the next round of talks scheduled for September, but progress would be determined by whether Washington could create favorable conditions. U.S. President Donald Trump said in a Fox News radio interview that trade talks were scheduled for Thursday "at a different level," but did not provide details.
- Bloomberg
Abercrombie Plunges as Tariffs Weigh on Profit Outlook
(Bloomberg) -- Abercrombie & Fitch Co. plunged after trimming its sales outlook and flagging the impact of tariff on Chinese goods on its profit margin.Same-store sales, a key metric for retailers, were flat for its Abercrombie and Hollister Brand. The retailer now sees net sales being flat to up 2% for the full year -- down from a previous range of 2% to 4%. The stock fell as much as 17% to $14.18 in New York, the biggest slide since its last earnings report.Key InsightsUBS analyst Jay Sole wrote earlier this month that the bar for apparel retailers is “essentially unreachable” this quarter due to the “major risk” of tariffs. With U.S. duties on Chinese goods poised to rise, Abercrombie said the latest round of tariffs are “expected to have a direct adverse impact on cost of merchandise and gross profit of approximately $6 million for the fall season.”The retailer’s revised outlook includes factors in anticipated additional tariffs and of as much as 30%, in addition to currency fluctuations.The quarterly result exacerbates the pressure on Abercrombie. It had rebounded in recent quarters, largely on the strength of its Hollister brand, but that momentum seems to have faded.The company said that apparel was hit by discounting earlier this summer as companies sought to draw in back-to-school shoppers earlier than usual. Even so, the company said its back-to-school performance has been “solid.”Market ReactionThe drop in Abercrombie’s shares to as low as $14.18 was the lowest intraday level since 2017. The stock had declined 15% this year through Wednesday’s close, part of a broad decline by apparel retailers.Click here for company statement.(Updates shares and adds details on back-to-school season. An earlier version corrected the headline to show tariffs are weighing on the profit outlook.)To contact the reporters on this story: Jonathan Roeder in Chicago at jroeder@bloomberg.net;Jordyn Holman in New York at jholman19@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Kevin MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GuruFocus.com
Wall Street Moves Up Thursday
Abercrombie & Fitch plummets on financial results Continue reading...
- American City Business Journals
Tariffs drag on Abercrombie & Fitch as retailer embraces new leadership, real estate strategies
Abercrombie & Fitch thinks tariffs could strike a blow to its 2019. The apparel retailer reported flat sales for the second quarter, with net sales down 0.2% to $841.1 million and comparable sales flat, with an operating loss of $39.5 million. For the full year's guidance, the retailer now thinks net sales will remain flat to up 2%.
- MarketWatch
Abercrombie & Fitch shares sink after sales miss, weak guidance
Abercrombie & Fitch Co. stock sank 6% in Thursday premarket trading after the clothing and accessories retailer reported a second-quarter sales miss and gave weak guidance. Net losses totaled $31.1 million, or 48 cents per share, after a loss of $3.9 million, or 6 cents per share, last year. The result reflects a 50-cent charge for flagship store exits. Sales of $841.1 million were down from $842.4 million. The FactSet consensus was for a loss of 53 cents per share and sales of $852.0 million. Same-store sales were flat compared with the FactSet guidance for 0.5% growth. For the third quarter, Abercrombie expects sales to be up about 1% and same-store sales to be about flat. FactSet is guiding for sales of $882.4 million, up 2.5% year-over-year, and same-store sales growth of 1.8%. For the year, Abercrombie expects sales to be in the range of flat to 2% growth and same-store sales of flat to 2% growth. The company said its outlook takes the impact of tariffs on Chinese goods into account. The FactSet outlook is for sales of $3.66 billion, up 1.9%, and same-store sales growth of 1.5%. Abercrombie & Fitch stock has lost 15.1% for the year to date while the S&P 500 index is up 15.2% for the period.
- Motley Fool
Why Abercrombie & Fitch Stock Stumbled Today
Shares of the teen-focused retailer fell after a middling earnings report and weak guidance.
- Yahoo Finance
Abercrombie & Fitch is making this big change because of Trump's tariffs
Abercrombie & Fitch CEO Fran Horowitz explains how the company is dealing with fresh tariffs on Chinese imports.
- Zacks
Q2 GDP Revised to 2.0%, Plus Q2 Earnings: BBY, DG & More
The first revision on Q2 Gross Domestic Product (GDP) slipped, as expected -- from 2.1% originally reported to 2.0% this time around.
- Yahoo Finance Video
Best Buy, Abercrombie & Fitch stocks tumble on revenue miss, trade war concerns
The trade war is impacting retailers. Best Buy is tumbling after missing revenue expectations, blaming the planned U.S. tariffs on Chinese imports for lowering its sales forecast. Abercrombie and Fitch is nose-diving after quarterly sales missed expectations. Retail Analyst at Moody’s Charlie O’Shea joins Yahoo Finance’s Akiko Fujita to discuss.
