Abercrombie & Fitch Co. Class A Stock News

Shares of Abercrombie & Fitch (ANF, Financial) surged 8.02% following the addition of the stock to the positive catalyst watch list by JPMorgan analyst Matthew Boss. This move aligns with an increased price target and enhanced third-quarter earnings estimates, showcasing promising momentum for the Abercrombie & Fitch brands, including Hollister, during the recent back-to-school shopping season.

Abercrombie & Fitch (ANF) shares surged Friday as JPMorgan added the apparel retailer to its "Positive Catalyst Watch" list and raised the price target on growth of the Hollister brand.

Abercrombie shares — up 60% year to date, despite a three-month pullback — were poised from a rebound from technical support.

The recent market rotation has triggered ANF's drastically cheaper valuations at FWD PEG non-GAAP ratio of 0.62x, prompting our upgraded Buy rating. If anything, the impressive H1'24 performance with net sales growth of +21.4% YoY and operating margins of 14.1% suggests a potential for beat and raise performance ahead. This is despite ANF's recently raised FY2024 guidance, with it sustaining th...

Interest rates determine the risk and reward perceptions of virtually all asset classes in the financial market. The benchmark for return is—and has always been—the United States ten-year treasury bond yield, so when bond yields are high, investors tend to avoid higher-risk assets like stocks, as the risk is not worth it compared to bond yields.

Abercrombie & Fitch is committed to malls, upgrading stores, and growing sales through its 2025 Always Forward Plan, despite declining mall foot traffic. The company maintains a healthy financial position with $738 million in cash and a current ratio of 1.43, though its price/book ratio is high at 6.12. Risks include declining mall traffic, changing fashion trends, and potential drops in consum...

U.S. retail and food service sales for August reached nearly $711 billion, an improvement of 0.1% sequentially and 2.1% year-over-year. Though relatively modest, these gains nonetheless represent a surprise, as many analysts had anticipated that poor auto sales and the lingering impact of inflation would prompt a decline in retail sales overall.

These retailers have been increasing same-store sales while improving their profit margins