Category: ANF

ANF – Abercrombie & Fitch Partners With Online Retailer Zappos

Abercrombie & Fitch Partners With Online Retailer Zappos

  • Abercrombie & Fitch Co (NYSE: ANFhas partnered with online shoe and clothing retailer, Zappos.com to bring its apparel to a larger U.S. consumer base. The financial terms of the deal were not disclosed.
  • Customers can shop on Zappos for Abercrombie & Fitch items beginning August 16. 
  • The two brands will team up to create an exclusive footwear capsule available only on Zappos.com and Abercrombie.com through the partnership.
  • “We’re constantly focused on listening to what our customers need and want from us. In our stores and across social media, they have voiced their desire for footwear to complete their outfits – and we’re thrilled to make that a reality,” said Carey Collins Krug, SVP and Head of Marketing of Abercrombie & Fitch.
  • Price Action: ANF shares are trading lower by 2.21% at $38.92 on the last check Thursday.

ANF – Abercrombie & Fitch (ANF) Stock Sinks As Market Gains: What You Should Know

Abercrombie & Fitch (ANF Free Report) closed at $39.78 in the latest trading session, marking a -1.87% move from the prior day. This change lagged the S&P 500’s 0.2% gain on the day.

Prior to today’s trading, shares of the teen clothing retailer had lost 7.12% over the past month. This has lagged the Retail-Wholesale sector’s gain of 0.42% and the S&P 500’s gain of 3.28% in that time.

Investors will be hoping for strength from ANF as it approaches its next earnings release. On that day, ANF is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 195.65%. Meanwhile, our latest consensus estimate is calling for revenue of $865.1 million, up 23.88% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.30 per share and revenue of $3.73 billion, which would represent changes of +552.05% and +19.39%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for ANF. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 16.49% higher. ANF currently has a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that ANF has a Forward P/E ratio of 12.27 right now. Its industry sports an average Forward P/E of 16.72, so we one might conclude that ANF is trading at a discount comparatively.

We can also see that ANF currently has a PEG ratio of 0.68. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. Retail – Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.25 based on yesterday’s closing prices.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

ANF – Forecast Of The Day: Abercrombie & Fitch's Hollister Revenue Per Square Foot

What?

Trefis expects Abercrombie & Fitch’s (NYSE:ANF) Hollister stores revenue per square foot to rise from $520 in 2020 to $598 in 2021 and to $616 in 2022.

Why?

While revenues declined in 2020, due to the Covid-19 related lockdowns, the company is seeing a nice recovery in demand this year, with vaccination rates picking up and people heading outdoors.

So What?

However, we think the recovery is fully priced into Abercrombie & Fitch stock, which remains up by almost 2x year-to-date. We value the stock as $42 per share, in line with the market price..

See Our Complete Analysis For Abercrombie & Fitch

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

ANF – Abercrombie & Fitch (ANF) Dips More Than Broader Markets: What You Should Know

Abercrombie & Fitch (ANF Free Report) closed at $40.05 in the latest trading session, marking a -1.55% move from the prior day. This change lagged the S&P 500’s 0.75% loss on the day.

Coming into today, shares of the teen clothing retailer had lost 2.93% in the past month. In that same time, the Retail-Wholesale sector gained 1.15%, while the S&P 500 gained 2.74%.

Wall Street will be looking for positivity from ANF as it approaches its next earnings report date. On that day, ANF is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 195.65%. Our most recent consensus estimate is calling for quarterly revenue of $857.37 million, up 22.77% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.30 per share and revenue of $3.7 billion. These totals would mark changes of +552.05% and +18.48%, respectively, from last year.

Any recent changes to analyst estimates for ANF should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 16.49% higher. ANF currently has a Zacks Rank of #1 (Strong Buy).

In terms of valuation, ANF is currently trading at a Forward P/E ratio of 12.31. Its industry sports an average Forward P/E of 16.47, so we one might conclude that ANF is trading at a discount comparatively.

Investors should also note that ANF has a PEG ratio of 0.68 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. ANF’s industry had an average PEG ratio of 1.32 as of yesterday’s close.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 21, putting it in the top 9% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

ANF – Abercrombie & Fitch (ANF) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Abercrombie & Fitch (ANF Free Report) closed at $42.86, marking a -1.61% move from the previous day. This move lagged the S&P 500’s daily loss of 0.86%.

Coming into today, shares of the teen clothing retailer had gained 4.96% in the past month. In that same time, the Retail-Wholesale sector gained 3.7%, while the S&P 500 gained 3.22%.

Investors will be hoping for strength from ANF as it approaches its next earnings release. In that report, analysts expect ANF to post earnings of $0.68 per share. This would mark year-over-year growth of 195.65%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $857.37 million, up 22.77% from the year-ago period.

ANF’s full-year Zacks Consensus Estimates are calling for earnings of $3.30 per share and revenue of $3.7 billion. These results would represent year-over-year changes of +552.05% and +18.48%, respectively.

It is also important to note the recent changes to analyst estimates for ANF. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 19.24% higher. ANF is holding a Zacks Rank of #1 (Strong Buy) right now.

Valuation is also important, so investors should note that ANF has a Forward P/E ratio of 13.18 right now. Its industry sports an average Forward P/E of 16.77, so we one might conclude that ANF is trading at a discount comparatively.

It is also worth noting that ANF currently has a PEG ratio of 0.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. Retail – Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.33 based on yesterday’s closing prices.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ANF in the coming trading sessions, be sure to utilize Zacks.com.

ANF – Surging Earnings Estimates Signal Upside for Abercrombie (ANF) Stock

Abercrombie & Fitch (ANF Free Report) could be a solid addition to your portfolio given a notable revision in the company’s earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this teen clothing retailer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool — the Zacks Rank — is principally built on this insight.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

Consensus earnings estimates for the next quarter and full year have moved considerably higher for Abercrombie, as there has been strong agreement among the covering analysts in raising estimates.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

Current-Quarter Estimate Revisions

The earnings estimate of $0.68 per share for the current quarter represents a change of +195.65% from the number reported a year ago.

Over the last 30 days, two estimates have moved higher for Abercrombie compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 41.53%.

Current-Year Estimate Revisions

For the full year, the company is expected to earn $3.30 per share, representing a year-over-year change of +552.05%.

The revisions trend for the current year also appears quite promising for Abercrombie, with two estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 31.53%.

Favorable Zacks Rank

The promising estimate revisions have helped Abercrombie earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom Line

Investors have been betting on Abercrombie because of its solid estimate revisions, as evident from the stock’s 15.9% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.

ANF – Despite Fast-paced Momentum, Abercrombie (ANF) Is Still a Bargain Stock

Momentum investing is essentially an exception to the idea of “buying low and selling high.” Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that “buying high and selling higher” is the way to make far more money in lesser time.

Who doesn’t like betting on fast-moving trending stocks? But determining the right entry point isn’t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.

It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock’s price or earnings, is pretty useful in identifying great momentum stocks, our ‘Fast-Paced Momentum at a Bargain’ screen comes handy in spotting fast-moving stocks that are still attractively priced.

There are several stocks that currently pass through the screen and Abercrombie & Fitch (ANF Free Report) is one of them. Here are the key reasons why this stock is a great candidate.

A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 15.9%, the stock of this teen clothing retailer is certainly well-positioned in this regard.

While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ANF meets this criterion too, as the stock gained 18.4% over the past 12 weeks.

Moreover, the momentum for ANF is fast paced, as the stock currently has a beta of 1.9. This indicates that the stock moves 90% higher than the market in either direction.

Given this price performance, it is no surprise that ANF has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ANF earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That’s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

Most importantly, despite possessing fast-paced momentum features, ANF is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ANF is currently trading at 0.82 times its sales. In other words, investors need to pay only 82 cents for each dollar of sales.

So, ANF appears to have plenty of room to run, and that too at a fast pace.

In addition to ANF, there are several other stocks that currently pass through our ‘Fast-Paced Momentum at a Bargain’ screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

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ANF – Abercrombie & Fitch (ANF) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Abercrombie & Fitch (ANF Free Report) closed at $45.82, marking a -1.02% move from the previous day. This change lagged the S&P 500’s daily gain of 0.75%.

Prior to today’s trading, shares of the teen clothing retailer had gained 13.51% over the past month. This has outpaced the Retail-Wholesale sector’s gain of 3.13% and the S&P 500’s gain of 2.91% in that time.

ANF will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.68, up 195.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $857.37 million, up 22.77% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.30 per share and revenue of $3.7 billion. These totals would mark changes of +552.05% and +18.48%, respectively, from last year.

Any recent changes to analyst estimates for ANF should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 31.53% higher within the past month. ANF is holding a Zacks Rank of #1 (Strong Buy) right now.

Digging into valuation, ANF currently has a Forward P/E ratio of 14.01. This valuation marks a discount compared to its industry’s average Forward P/E of 18.07.

We can also see that ANF currently has a PEG ratio of 0.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. Retail – Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.38 based on yesterday’s closing prices.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 12% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ANF in the coming trading sessions, be sure to utilize Zacks.com.

ANF – Bull of the Day: Abercrombie & Fitch (ANF)

Abercrombie & Fitch Co. (ANF Free Report) is a specialty retailer of premium, high-quality casual apparel for men, women, and kids through a network of approximately 850 stores across North America, Europe, Asia and the Middle East. Its product portfolio includes knit and woven shirts, jeans, sweaters, outerwear, and accessories for men, women and kids, under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

Q1 Earnings Recap

Investors cheered Abercrombie’s latest earnings release, sending the stock up 13% the day of its pre-market report.

Revenue grew 61% year-over-year in the first quarter, and digital sales spiked 45% (and making up 52% of total sales). Even more notable is that Q1 sales were up 6% from Q1 2019 sales, showing that ANF’s growth goes beyond just rebounding from the coronavirus pandemic. The company’s styles and collections are clearly resonating with shoppers looking to buy more than just sweatpants.

Adjusted earnings hit $0.67 per share, a big improvement from a loss of $3.30 per share in 2020.

Management also said that inventories remained “tightly controlled,” which helped improve price realization and benefitted the retailer’s gross margin rate, which expanded by 900 basis points.

ANF Breaks Out

Abercrombie & Fitch Company Price and ConsensusYear-to-date, shares of ANF have jumped over 111% compared to the S&P 500’s 13% increase. Earnings estimates have been rising too, and ANF is a Zacks Rank #1 (Strong Buy) right now.

For fiscal 2022, seven analysts have revised their bottom-line estimate upwards in the last 60 days, and the Zacks Consensus Estimate has moved up $1.45 to $2.84 per share. Earnings are expected to grow about 489% compared to the prior year period. Fiscal 2023 looks strong too, with continuing bullish sentiment from analysts.

Looking ahead, CEO Fran Horowitz said they’re “excited about the future,” and commented in the earnings report that momentum is continuing in the second quarter across all of its brands. The retailer remains focused on profitable revenue growth and the expansion of its digital platforms.

If you’re an investor searching for a retail stock to add to your portfolio, make sure to keep ANF on your shortlist.

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