Fri, Jun. 26, 7:06 AM
- Abercrombie & Fitch (NYSE:ANF) settled a case with the Department of Justice over its hiring practices.
- The company agreed to pay a fine of $158K and subject itself to two years of federal monitoring of its employment eligibility verification policy.
- A&F still faces a separate lawsuit by a Muslim woman over the wearing of her scarf at the workplace after the U.S. Supreme Court revived the case.
Fri, Jun. 19, 9:01 AM
- Cowen Research projects shipping costs may be a slight margin drag for retailers for the upcoming holiday season.
- Shippers have adjusted some pricing policies to reduce their logistics and weather risk.
- Retailers also face heightened competition within the sector on free shipping policies.
- Several major retail chains cited higher-than-expected shipping costs with their Q1 reports, due in part to the West Coast port slowdown.
- Related stocks: GPS, LB, URBN, AEO, ANF, ARO, SPLS, ODP, DKS.
Thu, Jun. 11, 8:48 AM
- Clothing stores showed some signs of life in May as tipped in today's Retail Sales report.
- The category was up 1.5% M/M and 3.6% Y/Y to outpace total retail sales.
- The improvement is consistent is with the reads from the narrow range of apparel chains which still report monthly sales.
- The sector has seen discounters show stronger traffic trends than mall-based chains, although both groups have eased off promotional activity a bit.
- Previously: Retail sales stronger-than-expected in May
- Related stocks: ANF, AEO, LUX, GES, CTRN, CATO, LB, PLCE, SSI, ROST, GPS, BOOT, CHS, MW, ANN, ASNA, BKE, DSW, EXPR, URBN, FRAN.
Wed, Jun. 10, 10:17 AM
Sat, Jun. 6, 12:58 PM
- Many analysts covering the apparel/department store part of the retail sector have been pushing out the same story on global lifestyle brands and REIT conversions without giving investors much of a play except an all-in turnaround bet.
- There's a suspicion with some industry insiders that F/X and comp sales headlines are hiding some undervalued picks.
- A few screens below. Add your own in the comments.
- Lowest forward price-to-earnings ratio: Genesco (NYSE:GCO), Dillard's (NYSE:DDS), Gap (NYSE:GPS), Stage Stores (NYSE:SSI), Stein Mart (NASDAQ:SMRT).
- Lowest price-to-book ratio: Abercrombie & Fitch (NYSE:ANF), Stage Stores, Ascena Retail Group (NASDAQ:ASNA), Guess (NYSE:GES), J.C. Penney (NYSE:JCP).
- Highest current ratio (assets/liabilities): Shoe Carnival (NASDAQ:SCVL), Francesca's (NASDAQ:FRAN), Guess, Citi Trends (NASDAQ:CTRN), DSW (NYSE:DSW).
Thu, Jun. 4, 10:26 AM
- A healthy round of reports from retail chains and more firming up of the labor market has the retail sector ahead of market averages
- Outperformers include Buckle (BKE +3.4%), Five Below (FIVE +7.3%), Abercrombie & Fitch (ANF +1.8%), L Brands (LB +1.8%), American Eagle Outfitters (AEO +2.2%), Citi Trends (CTRN +2.1%), Express (EXPR +1.4%), Urban Outfitters (URBN +1.6%), Wayfair (W +1.3%), and TravelCenters of America (TA +0.9%).
- The S&P Retail ETF (NYSEARCA:XRT) is also positive on the day with most broad market averages in the red.
Tue, Jun. 2, 1:17 PM
- Retail chain stocks are putting in some strong gains despite a soft read earlier in the day from Redbook on sales.
- PVH issued a strong report last night which helped push the sector in the right direction, but there also appears to be some speculative buying on some names in the sector after Macy's was reported to be under pressure to explore REIT options.
- Previously: Macy's hearing from hedge funds on real estate assets
- Gainers: Guess (NYSE:GES) +5.1%, Tilly's (NYSE:TLYS) +4.4%, Abercrombie & Fitch (NYSE:ANF) +5.7%, Kohl's (NYSE:KSS) +1.6%, J.C. Penney (NYSE:JCP) +2.9%, Bon-Ton Stores (NASDAQ:BONT) +4.6%, Stein Mart (NASDAQ:SMRT) +2.7%, Sears Hometown and Outlet Stores (NASDAQ:SHOS) +2.4%, Conn's (NASDAQ:CONN) +5.8%, Best Buy (NYSE:BBY) +1.7%, hhgregg (NYSE:HGG) +2.8%.
Fri, May 29, 6:58 AM
- Janney Capital downgrades Abercrombie & Fitch (NYSE:ANF) to a Sell rating after the retailer rallied hard following its Q1 earnings report.
- The investment firm drop its price target on A&F to $15 from $17.
- Previously: Abercrombie & Fitch misses by $0.19, misses on revenue (May. 28 2015)
- Previously: Sales shrivel at Abercrombie & Fitch in Q1 (May. 28 2015)
- Previously: Sunny day for Abercrombie & Fitch despite Q1 sales slide (May. 28 2015)
- ANF -0.90% to $22.10 after jumping 13.49% yesterday.
Thu, May 28, 1:43 PM
- Shares of Abercrombie & Fitch (ANF +13.6%) rip a double-digit gain on some investor optimism the retailer will see sales declines decelerate in Q2.
- The company reported a minor beat with Q1 comps, -8% vs. -9% consensus, and has pulled the plug on some of its more unprofitable ventures.
- During the earnings call, execs spent more time highlighting the future direction of A&F than defending the past as in previous calls.
- Skeptics are pointing to the writedown of inventory by management as a negative signal.
- Today's action on ANF could be influenced by some short position covering.
- Abercrombie & Fitch earnings call webcast
- Previously: Abercrombie & Fitch misses by $0.19, misses on revenue (May 28)
- Previously: Sales shrivel at Abercrombie & Fitch in Q1 (May 28)
Thu, May 28, 8:12 AM
- Abercrombie & Fitch (NYSE:ANF) reports comparable-store sales declined 8% in Q1.
- Comparable sales by brand: Abercrombie & Fitch -9%, Hollister -6%.
- F/X swings impacted results negatively during the quarter.
- Gross profit rate -420 bps Y/Y to 58.0% due chiefly to some write-downs on inventory being carried.
- Marketing, general, and administrative expenses fell 13% Y/Y to $107.5M.
- ANF +5.85% premarket to $20.80. Shares were down 8% in the week ahead of earnings.
- Previously: Abercrombie & Fitch misses by $0.19, misses on revenue
Thu, May 28, 7:42 AM
Wed, May 27, 5:30 PM
Wed, May 20, 8:31 AM
- Aeropostale (NYSE:ARO) and Abercrombie & Fitch (NYSE:ANF) perk up in premarket trading after peer American Eagle Outfitters (NYSE:AEO) impresses with its Q1 report.
- Retail analysts note American Eagle bumped up against a soft compare during the quarter, but praise management for cost-cutting and a tight inventory position.
- Previously: American Eagle Outfitters beats by $0.03, beats on revenue (May. 20 2015)
- Previously: More on American Eagle's Q1 (May. 20 2015)
- Premarket: AEO +6.7%, ARO +0.5%, ANF +1.1%.
Sun, May 10, 9:39 AM
- Abercrombie & Fitch (NYSE:ANF) has yet to name a CEO to replace the controversial Michael Jeffries.
- COO Jonathan Ramsden, Abercrombie Brand President Christos Angelides, and Hollister Brand President Fran Horowitz are all reportedly in the running - while an executive search firm is putting a list together of outside candidates.
- Retail analysts think the CEO hiring by the company will give a strong indication of its future direction as it does a reset to adjust to the tastes of millennials, e-commerce, and declining mall traffic.
- Shares of ANF are down 23.5% YTD at $21.90 vs. a 52-week trading range of $19.34 to $45.50.
Mon, May 4, 7:31 AM
- RBC Capital initiates coverage on Abercombie & Fitch (NYSE:ANF) with an Underperform rating.
- The investment firm sets a price target of $17 on the retailer.
- RBC isn't bearish on the sector as a whole as it steps in with strong initiations on American Eagle Outfitters (NYSE:AEO), Urban Outfitters (NASDAQ:URBN), and Lululemon (NASDAQ:LULU) at Outperform.
Fri, Apr. 24, 9:33 AM
- Significant changes are afoot at Abercrombie & Fitch (ANF +0.3%) with new brand presidents exerting their influence without ex-CEO Mike Jeffries around any longer, notes Women's Wear Daily.
- Marketing campaigns will use models that more closely resemble A&F's customer base than borrowing from Paris runways.
- Dress codes for employees and hiring standards have also been updated in a progressive way.
- Abercrombie & Fitch's sales fell 14% in Q4.
ANF vs. ETF Alternatives
Abercrombie & Fitch Co is a specialty retailer, which operates stores and direct-to-consumer operations. The Company sells products, including casual sportswear apparel, including knit and woven shirts, and graphic t-shirts.
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