ABERCROMBIE & FITCH CO. REPORTS THIRD QUARTER RESULTS

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UBS Cuts Price Target on Abercrombie & Fitch (ANF) Following 3Q Miss

November 21, 2016 8:57 AM EST

UBS maintained a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $15.00 (from $18.00), following the company's 3Q earnings report. ANF reported EPS of $0.02, significantly below the Street's $0.21 estimate. Flagship and tourist locations remain challenged at A&F, with international... More

RBC Capital Downgrades Abercrombie & Fitch (ANF) to Underperform

November 21, 2016 7:07 AM EST

RBC Capital downgraded Abercrombie & Fitch (NYSE: ANF) from Sector Perform to Underperform with a price target of $12.00 (from $20.00).

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 $14.60 yesterday.

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FBR Capital Reiterates Underperform on Abercrombie & Fitch (ANF) Following 3Q

November 21, 2016 7:03 AM EST

FBR Capital reiterated an Underperform rating and $14.00 price target on Abercrombie & Fitch (NYSE: ANF) following the company 3Q earnings report. Net sales were down 6% over last year, and comps were down 6% for 3Q. Operating income for 3Q was $19.6M compared to $41M last year. Weakness in the U.S. was... More

Mizuho Securities Cuts Price Target on Abercrombie & Fitch (ANF) to $15

November 18, 2016 1:37 PM EST

Mizuho Securities maintained a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $15.00 (from $20.00), following the company's 3Q earnings report. 3Q EPS of $0.02 missed the Streets $0.20 estimate. Gross margin declined (130) bp due to FX, while lower AUC was... More

Abercrombie & Fitch (ANF) Misses Q3 EPS by 19c; Comps Fell 6%

November 18, 2016 7:33 AM EST

Abercrombie & Fitch (NYSE: ANF) reported Q3 EPS of $0.02, $0.19 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $821.7 million versus the consensus estimate of $830.6 million. Comparable sales for the third quarter down 6%.

"As expected, our third quarter was challenging. While Hollister improved sequentially, it was more than offset by disappointing performance in A&F. On a total company basis, conversion trends remained positive across both channels and the direct-to-consumer business grew domestically and internationally. In addition, we remained disciplined as expense and inventory were well... More