Stifel Affirms Abercrombie & Fitch (ANF) at 'Buy';; Q4 Results Solid Amid Challenging Environment
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Go back to Stifel Affirms Abercrombie & Fitch (ANF) at 'Buy';; Q4 Results Solid Amid Challenging Environment
March 2, 2016 1:19 PM EST
Mizuho Securities Reiterated a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and raised the price target to $26.00 (from $22.00), following the company's 4Q earnings release. ANF reported EPS at $1.08, which beat the Streets $0.99 estimate on better than expected gross margin decline of (20) bp, while total comps of +1%... More
March 2, 2016 7:54 AM EST
By Subrat Patnaik
(Reuters) - Abercrombie & Fitch Co (NYSE: ANF) posted a surprise rise in sales at established stores in the holiday-shopping quarter, ending a streak of more than three years of declines, a sign that its efforts to revive sales growth is paying off.
The teen apparel retailer has so far focused on the Hollister brand by stocking trendier clothes, revamping 12 stores to change music, lighting and displays, rather than the A&F brand that was once popular for its logo-centric clothing.
Hollister's California-inspired summerwear clothing is aimed mainly... More
March 2, 2016 7:32 AM EST
Abercrombie & Fitch (NYSE: ANF) reported Q4 EPS of $1.08, $0.09 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.1 billion.
Comparable sales for the fourth quarter increased 1%. On a sequential basis, comparable sales trends improved across all brands and geographies.
Fiscal 2015 Comparable Sales Summary...
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