Abercrombie & Fitch March volatility elevated into Q4 results and spring outlook Abercrombie & Fitch February put option implied volatility is at 44, March is at 67, April is at 56 compared to its 26-week average of 48 according to Track Data, suggesting larger March price movement into the expected release of Q4 results on February 14.
American Eagle downgraded to Sell from Neutral at Goldman Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).