Consumers Have Strained From Non-Necessity Retailers
Recent retail earnings showed a good deal of doom and gloom signs of a weakened consumer spending. Both Macy’s Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN) saw falling digital sales.
Morgan Stanley Maintains Underweight on Abercrombie & Fitch, Raises Price Target to $17
Morgan Stanley analyst Alexandra Steiger maintains Abercrombie & Fitch (NYSE:ANF) with a Underweight and raises the price target from $16 to $17.
UBS Maintains Neutral on Abercrombie & Fitch, Raises Price Target to $29
UBS analyst Mauricio Serna maintains Abercrombie & Fitch (NYSE:ANF) with a Neutral and raises the price target from $28 to $29.
Abercrombie & Fitch Q4 Highlights: 3% Sales Growth, Bottom-Line Miss, Lower Inventories On Production Delays In Vietnam & More
Abercrombie & Fitch Co (NYSE:ANF) reported fourth-quarter FY22 sales growth of 3% year-on-year to $1.199 billion, beating the consensus of $1.18…
Abercrombie & Fitch Sees Q1 2023 Net Sales $813M Vs $795.74M Est
Fiscal 2023 First Quarter Outlook
For the first quarter of fiscal 2023, the company expects:
Net sales to be around flat to fiscal first quarter 2022 level
Earnings Scheduled For March 1, 2023
Companies Reporting Before The Bell
• Globalstar (AMEX:GSAT) is expected to report quarterly loss at $0.01 per share on revenue of $38.75 million.
Investor Optimism Declines After US Stocks Record Losses For February
The CNN Money Fear and Greed index showed some decline in the overall sentiment among US investors.
US stocks closed lower on Tuesday, with all the major indices recording their second negative month in three.
Abercrombie & Fitch’s Long-Term Margin Expansion Opportunity Impresses This Analyst
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on the shares of Abercrombie & Fitch Co (NYSE: ANF) and raised the price target from $27 to $33.
Telsey Advisory Group Maintains Outperform on Abercrombie & Fitch, Raises Price Target to $33
Telsey Advisory Group analyst Dana Telsey maintains Abercrombie & Fitch (NYSE:ANF) with a Outperform and raises the price target from $27 to $33.
Abercrombie & Fitch Boosts Q4 Outlook On Solid Holiday Sales
Abercrombie & Fitch Co (NYSE:ANF) has raised its fourth-quarter FY22 sales outlook from a 2% – 4% decline to an…