CFRA Upgrades Abercrombie & Fitch (ANF) to Buy

10 reasons why you should own Abercrombie & Fitch stock: Citi

August 30, 2024 7:00 PM EDT

Citi analysts upgraded Abercrombie & Fitch (NYSE: ANF) from Neutral to Buy, highlighting 10 compelling reasons why investors should consider owning the stock despite its recent sell-off in a note to clients on Friday.

After shares dropped 14% following a strong second-quarter performance that slightly missed lofty market expectations, Citi believes this decline offers a prime buying opportunity.

Here are Citi's 10 reasons why Abercrombie & Fitch remains a strong investment:

One... More

JPMorgan Adds Abercrombie & Fitch (ANF) to Analyst Focus List as a Growth Idea

August 28, 2024 3:39 PM EDT

JPMorgan analyst Matthew Boss reiterated an Overweight rating and $194.00 price target on Abercrombie & Fitch (NYSE: ANF).

The analyst comments "ANF reported 2Q EPS of $2.50 (~13% above Street $2.22) driven by: (i) consolidated revenues +21.2% Y/Y (above mgmts +mid-teens guide) with +double-digit comps every month of the quarter across both brands and all geographies, (ii) GPM expansion of +245bps Y/Y to 64.9% (above... More

Abercrombie & Fitch (ANF) posts Q2 earnings, revenue beat

August 28, 2024 7:43 AM EDT

(Updated - August 28, 2024 9:49 AM EDT)

Abercrombie & Fitch (NYSE: ANF) reported better-than-expected second-quarter earnings and revenue on Wednesday, but its shares fell more than 14% following the release.

The apparel retailer posted adjusted earnings per share of $2.50, surpassing analyst estimates of $2.19. Revenue came in at $1.13 billion, beating the consensus forecast of $1.1 billion and representing a 21% YoY increase. Comparable sales... More

Abercrombie & Fitch lifts sales forecast on trendy apparel demand; lofty expectations hit shares

August 28, 2024 7:35 AM EDT

By Aatrayee Chatterjee

(Reuters) -Abercrombie & Fitch raised its annual sales target on Wednesday after reporting better-than-expected quarterly revenue, but shares of the company fell 14% as investors expected a bigger forecast bump from the high-flying retailer.

The stock has surged about 89% so far this year after nearly quadrupling in 2023.

"While the market may have been looking for a stronger guidance lift for the year, given momentum across the business, we see a beat and raise as... More

Abercrombie & Fitch (ANF) Tops Q2 EPS by 31c; offers outlook

August 28, 2024 7:31 AM EDT

Abercrombie & Fitch (NYSE: ANF) reported Q2 EPS of $2.50, $0.31 better than the analyst estimate of $2.19. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.1 billion.

Fiscal 2024 Full Year Outlook

Net sales growth in the range of 12% to... More

Abercrombie & Fitch (ANF) call put ratio 1 call to 1.2 puts into quarter results

August 27, 2024 11:21 AM EDT

Abercrombie & Fitch (NYSE: ANF) August weekly call option implied volatility is at 177, September is at 78; compared to its 52-week range of 33 to 91 into the expected release of quarter results before the bell on August 28.

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Abercrombie & Fitch (ANF) August 30 weekly 165 straddle priced into quarter results

August 27, 2024 5:24 AM EDT

Abercrombie & Fitch (NYSE: ANF) August 30 weekly 165 straddle priced for a move of 14% into the expected release of quarter results before the bell on August 28.

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