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Stock Market & Financial Investment News

News Breaks
January 14, 2013
07:11 EDTANFAbercrombie & Fitch named a Best idea for 2013 at Janney Capital
Janney Capital expects Abercrombie to benefit from positive inventory and an inflection in GMROI, resulting in improved margin performance. Shares are Buy rated.
News For ANF From The Last 14 Days
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May 26, 2015
07:56 EDTANFWunderlich sees Abercrombie Q1 as 'very painful slog'
Wunderlich expects Abercrombie & Fitch's Q1 results on Thursday to be a "very painful slog" for investors. If management does provide guidance, "expect it to be depressing," Wunderlich tells investors in a research note. The firm believes a turnaround is not in sight and points to mounting currency headwinds and a "weak" teen apparel environment. It lowered its price target for A&F shares to $15 from $17 and reiterates a Sell rating on the name.
May 18, 2015
20:16 EDTANFUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).

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