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Stock Market & Financial Investment News

News Breaks
August 12, 2014
12:31 EDTAEO, ANF, URBN, AROAbercrombie upgraded at Stifel citing better assortment, trimmed costs
Shares of Abercrombie & Fitch (ANF) were upgraded by research firm Stifel this morning, though the retailer's shares are slightly lower in early afternoon trading. WHAT'S NEW: Stifel analyst Richard Jaffe upgraded Abercrombie & Fitch to Buy from Hold, citing the retailer's better merchandise assortment and reshaped cost structure. Jaffe feels that Abercrombie & Fitch had been running with overblown expenses and believes that having a slimmer cost structure will allow the company to influence sales better and boost future EPS. The analyst raised his Q4 EPS estimate to $1.94 from $1.87, his FY14 EPS estimate to $2.50 from $2.43 and his FY15 EPS estimate to $3.40 from $3.14. Over the next year, Jaffe said that he expects A&F shares will be valued for the company's effort to win back customers at its Hollister and Abercrombie stores. Still, he said that Q3 could continue to be a struggle for the retailer due to external obstacles that are still a headwind. The firm maintains a $50 price target on the retailer's shares. WHAT'S NOTABLE: Analysts at Wunderlich also initiated coverage of the stock this morning with a Buy rating and a $48 price target. PRICE ACTION: During early afternoon trading, shares of Abercrombie & Fitch fell 9c, or 0.2%, to $41.47. OTHERS TO WATCH: Rivals to Abercrombie & Fitch include Aeropostale (ARO), Urban Outfitters (URBN), and American Eagle Outfitters (AEO).
News For ANF;ARO;URBN;AEO From The Last 14 Days
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July 27, 2015
19:31 EDTANFAbercrombie & Fitch to debut 'athleisure' clothing line, Racked says
Abercrombie & Fitch plans to debut a women's "athleisure" or activewear clothing line on July 29, reports Racked, citing company statements. Reference Link
July 23, 2015
07:43 EDTAEO, ANFStephens to hold a tour
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July 20, 2015
13:18 EDTAROOptions with increasing call volume
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July 15, 2015
13:34 EDTURBNNRF forecast hurting retail sector, says Brean Capital
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July 14, 2015
10:01 EDTURBNOn The Fly: Analyst Upgrade Summary
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09:43 EDTURBNUrban Outfitters gaps up following upgrade
Shares are up over 3% to $36.49 at time of writing following an earlier upgrade at Jefferies to Buy, with a $50 price target. At current price resistance is at $36.93, the top of the recent trading range since mid-May. Support is at $35.82.
07:20 EDTURBNUrban Outfitters upgraded to Buy with $50 target at Jefferies
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06:21 EDTURBNUrban Outfitters upgraded to Buy from Hold at Jefferies
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