Abercrombie & Fitch to report Q1 results May 26

What's Happening With ANF View more about ANF >

Specialty retailer Abercrombie & Fitch (ANF) will report first-quarter numbers on May 26. The company reports before the market open, with the consensus calling for a loss of 50 cents per share. During the same period last year the company had a loss of 53 cents per share, and the stock is down 11.6% on the year.

Technical Analysis

ANF was recently trading at $23.87, down $8.96 from its 12-month high and $8.45 above its 12-month low. Technical indicators for ANF are bearish and the stock is in a strong downward trend. The stock has recent support above $22.55, and has recent resistance below $26.00. Of the 21 analysts who cover the stock, six rate it a “strong buy”, 12 rate it a “hold”, one rates it a “sell”, and two rate it a “strong sell”. The stock receives S&P Capital IQ’s 4 STARS “Buy” ranking.

Analysts' Thoughts

Specialty teen retailer Abercrombie & Fitch (ANF) has lost a lot of ground over the last two months, but the stock remains a bit pricey, with a P/E of just over 42. The company’s ability to turn things around over the last year has been impressive, but Wall Street remains pretty cautious of the stock, and right now shares are priced for perfection. Teen retailers have struggled to keep consumers in their stores, and the fact that the company is expected to post a loss of 50 cents per share is a testament to that fact. While the hefty loss is nothing investors want to see, it has already been priced into the stock, and Wall Street will overlook the loss as long as the loss is not bigger than expected. Urban Outfitters (URBN) has already reported its quarterly results, posting earnings that were in-line with the consensus and revenue that outpaced the consensus. The numbers drove the stock higher, and indicated that the demographic is still actively buying and indicates that ANF may also be able to enjoy a strong post-earnings bounce. While the consensus calls for a loss of 50 cents per share, the street’s whisper number is better, forecasting a loss of just 46 cents per share. This increases the chance of an earnings-beat, and the chances of a strong move higher following the report.

ANF
About Abercrombie & Fitch Company

Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumer through its stores and websites, which include the Abercrombie & Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.

  • Last Price:
    $16.29
  • Previous Close:
    $16.02
  • Change:
    $0.27 (1.69%)
  • Open:
    $16.10
  • Volume:
    3,140,972
  • Average Volume (100 Day):
    2,769,783
  • Market Capitalization:
    $1.1 B
  • Day's Range:
    $16.03 - $16.49
  • Dividend Yield:
    4.99%
  • 52-week Range:
    $31 - $14.66
  • P-E:
    11.40
  • EPS:
    $1.41
  • Earnings Date:
    8/29/19
  • Ex Dividend Date:
    6/6/19
  • Sector:
    Consumer Cyclical
  • Industry:
    Apparel Stores
  • Analyst Average Recommendation:
    Moderate Sell

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