New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 10, 2014
10:39 EDTAPP, TLYS, ANF, GPS, AEOAbercrombie & Fitch rallies after raising full year profit view
Shares of casual apparel retailer Abercrombie & Fitch (ANF) are rallying after the company raised its full year adjusted profit view. WHAT'S NEW: Last night, Abercrombie & Fitch reported its fourth quarter comparable sales for the nine weeks ended January 4, including direct-to-consumer sales, decreased 6%. However, based on higher than expected sales for the fourth quarter-to-date, and ongoing cost reduction efforts, the company raised its full year adjusted earnings per share view to $1.55-$1.65 from its prior guidance of $1.40-$1.50. The consensus forecast of analysts prior to the company update was $1.47. ANALYST REACTION: This morning, analyst commentary was positive on A&F. Research firm Janney Capital upgraded Abercrombie to Buy from Neutral with a price target of $49. Another firm, Wells Fargo, increased its price target on the stock to $37-$39 from $33-$36, but kept a Market Perform rating on the shares. Brean Capital said it remained a buyer of Abercrombie & Fitch’s shares. Brean rates the shares a Buy with a $48 price target. PRICE ACTION: In early trading, Abercrombie & Fitch rose $3.86, or 11.6%, to $37.07 on twice its average daily trading volume. However, over the past twelve months, the shares are down about 24%. OTHERS TO WATCH: Abercrombie’s competitors include American Eagle Outfitters (AEO), American Apparel (APP), and Tilly’s (TLYS). Another Abercrombie competitor, The Gap (GPS), reported last night that its comparable sales in the months of November and December grew 1% and that, given the holiday performance, the company is "comfortable" delivering at the high end of its prior full-year earnings per share guidance range. Gap shares are up 0.8% to $39.75 after its own holiday sales update.
News For ANF;AEO;GPS;APP;TLYS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 11, 2016
09:03 EDTANFExpress, Abercrombie & Fitch spring outlook positive, says BMO Capital
Subscribe for More Information
08:25 EDTGPSUBS to hold a trip
Spring Mall Crawl visits various companies in the malls in Atlanta, Georgia on February 11.
February 8, 2016
19:07 EDTGPSOn The Fly: After Hours Movers
HIGHER: Silver Spring (SSNI), up 22.2% after giving fourth quarter and fiscal 2016 guidance... Gap (GPS), up 2.8% after reporting January Same-Store Sales and giving guidance for Q4 as well as FY15. DOWN AFTER EARNINGS: Qualys (QLYS), down 6.7%... Twenty-First Century Fox (FOXA, FOX), down 4.4% and 2.3%, respectively... Compass Minerals (CMP), down 3.5%... Bristow Group (BRS), down 2.5%.
17:00 EDTGPSGap narrows FY15 EPS view to $2.41-$2.42 from prior $2.38-$2.42, consensus $2.36
Subscribe for More Information
16:22 EDTGPSGap reports Q4 SSS down 7%
Subscribe for More Information
16:21 EDTGPSGap reports Q4 revenue $4.39B, consensus $4.46B
16:20 EDTGPSGap sees Q4 EPS 56c-57c, consensus 53c
Subscribe for More Information
16:19 EDTGPSGap narrows FY15 EPS view to $2.41-$2.42, consensus $2.36
Subscribe for More Information
16:17 EDTGPSGap reports January SSS down 8%
Gap Inc.'s comparable sales for January 2016 were down 8 percent versus negative 3 percent last year. Comparable sales by global brand for January 2016 were as follows: Gap Global: negative 6 percent versus negative 9 percent last year; Banana Republic Global: negative 17 percent versus positive 2 percent last year Old Navy Global: negative 6 percent versus positive 3 percent last year.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use