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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:36 EDTANFAbercrombie & Fitch sees FY14 EPS $2.15-$2.35, consensus $2.32
Sees high-single digit decline in comparable store sales and an approximate 20% increase in comparable direct-to-consumer sales, which does not include any benefit the company may realize during the year from its strategic long-range plan initiatives, but also does not reflect further potential deterioration in underlying trends. Guidance assumes gross margin rate for the full year that is flat to down slightly compared to FY13, with continuing average unit retail pressure and lower shipping and handling revenues relative to sales offsetting average unit cost improvement and a benefit from the company's profit improvement initiative.
News For ANF From The Last 14 Days
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March 27, 2015
05:52 EDTANFAmerican 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).
March 24, 2015
10:20 EDTANFAbercrombie & Fitch sees ongoing expense reduction as way of life going forward
10:16 EDTANFAbercrombie & Fitch sees 'sigificant' FX headwinds in 2015
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07:27 EDTANFTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.

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