UBS Maintains a 'Neutral' on Abercrombie & Fitch (ANF); Near-Term Headwinds Keep Us Sidelined, But Long-Term Profile Improving

February 21, 2012 1:01 PM EST Send to a Friend
Get Alerts ANF Hot Sheet
Price: $33.87 +3.29%

Rating Summary:
    18 Buy, 19 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 28 | New: 20
Trade ANF Now!
Join SI Premium – FREE
UBS maintains a 'Neutral' on Abercrombie & Fitch (NYSE: ANF) price target raised from $44 to $49.

UBS analyst says, "We believe that US store closures (180 more by ‘15) coupled with the higher margin profile of Europe/top 250 US stores plus the outsized DTC margins will help lift the margin profile of ANF over time. However, trends in the US will dictate performance for now; visibility on comps remains low (US and abroad) vs. tougher compares and inventory remains significantly elevated. Despite a lowered EPS bar, this could mean incremental volatility to estimates (each comp pt is ~$0.20 to EPS). We therefore look for comp stabilization to warm up to ANF."

UBS maintains FY13 EPS estimate fo $3.53, but lowers FY14 from $4.94 to $4.66.

For an analyst ratings summary and ratings history on Abercrombie & Fitch click here. For more ratings news on Abercrombie & Fitch click here.

Shares of Abercrombie & Fitch closed at $48.48 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

UBS

Add Your Comment