ABERCROMBIE & FITCH REPORTS SECOND QUARTER RESULTS
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UBS Cuts Price Target on Abercrombie & Fitch (ANF) to $20 Following 2Q15
August 27, 2015 9:03 AM EDTUBS reiterated a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $20.00 (from $22.00), following the company's 2Q15 earnings report. UBS analysts believe that they are getting closer to a comp inflection at ANF. UBS is lowering 2H estimates for 3Q EPS to $0.44 from... More
Stifel Upgrades Abercrombie & Fitch (ANF) to Buy; Merchandise Improvements, Reduced Cost Structure Bode Well for Company
August 26, 2015 4:28 PM EDTStifel is upgrading Abercrombie & Fitch (NYSE: ANF) from Hold to Buy with a price target of $24
Analyst Richard Jaffe noted an improved merchandise assortment and restructured and "greatly" reduced cost structure.
Jaffe commented:
Our outlook regarding ANF shares has grown more... More
Abercrombie & Fitch (ANF) Posts Q2 adj.-EPS of 12c; Brand Comps Fell 8%
August 26, 2015 7:32 AM EDTAbercrombie & Fitch (NYSE: ANF) reported Q2 adjusted EPS of $0.12, $0.16 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $817.8 million versus the consensus estimate of $812.03 million.
Sequential improvements in comparable sales trends were driven largely by Hollister and abercrombie kids and internationally. The Company achieved positive comparable sales in Asia and Canada and broad-based sequential improvement in Europe, including in the UK, Germany and France.
Comparable Sales... More