Latest news with #ANF
Yahoo
9 hours ago
- Business
- Yahoo
Jim Cramer and Wall Street Are Watching Abercrombie & Fitch Co. (ANF)
We recently published a list of . In this article, we are going to take a look at where Abercrombie & Fitch Co. (NYSE:ANF) stands against other stocks on Jim Cramer and Wall Street's radar. When a caller inquired about Abercrombie & Fitch Co. (NYSE:ANF) on April 29, Mad Money's host replied: 'You know what, I've got to see what they look like in a tariffed world… because I don't know exactly how much of their stuff is going to have to go up in price. The stock is reflecting a lot of that, but you're right, it's six times earnings. But you and I both know six times earnings means usually that the earnings are too high. But it's 65 bucks, $3.3 billion company. I think you can pick up a little, but then wait.' A close-up of a customer trying on a piece of apparel in the retailer's spacious dressing room, emphasizing the company's focus on personal care and experience. Abercrombie & Fitch Co. (NYSE:ANF) is a retailer that provides clothing, accessories, and personal care products for all ages through multiple brands and sales channels, including stores and online platforms. On May 29, Raymond James analyst Rick Patel increased the price target on Abercrombie & Fitch (NYSE:ANF) to $99 from $90 and maintained an Outperform rating on the stock. The firm noted that while the Abercrombie & Fitch brand sales and gross margin fell short, the company exceeded expectations on EPS, revenue, and SG&A management and considers the fiscal 2025 guidance attainable. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Why Abercrombie & Fitch Co. (ANF) Soared On Wednesday
We recently published a list of . In this article, we are going to take a look at where Abercrombie & Fitch Co. (NYSE:ANF) stands against other best-performing stocks. Abercrombie grew its share prices by 14.67 percent on Wednesday to finish at $88.47 apiece as investor sentiment was boosted by higher net sales in the first quarter of the year despite a challenging market environment. In a statement, Abercrombie & Fitch Co. (NYSE:ANF) said net sales grew by 7.5 percent to $1.097 billion from the $1.020 billion registered in the same period last year, with the Hollister brand achieving a 22-percent growth during the period. Net sales from Abercrombie, on the other hand, dipped by 4 percent year-on-year. A close-up of a customer trying on a piece of apparel in the retailer's spacious dressing room, emphasizing the company's focus on personal care and experience. Attributable net income, however, dropped by 29 percent to $80.4 million from the $113.8 million recorded in the same period a year earlier. Despite the decline, Abercrombie & Fitch Co. (NYSE:ANF) CEO Fran Horowitz said the net income figure exceeded its earlier expectations. For the full year, Abercrombie & Fitch Co. (NYSE:ANF) now expects net sales to grow between 3 and 6 percent, slightly higher than the high-end range of 5 percent as previously expected. The company also aims to grow its net sales between 3 and 5 percent for the second quarter alone. Overall, ANF ranks 3rd on our list of best-performing stocks. While we acknowledge the potential of ANF, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANF and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
3 days ago
- Business
- Forbes
A&F Stock: Earnings Soar, But Why The Slump?
NEW YORK, NEW YORK - APRIL 09: A Abercrombie & Fitch store is seen on April 09, 2025 in New York ... More City. U.S. President Donald Trump has announced that he will pause tariffs for 90 days on most nations but will raise the tax rate on Chinese imports to 125%. (Photo by Michael M. Santiago/Getty Images) Abercrombie & Fitch's (NYSE: ANF) Q1 results surpassed expectations on May 28, resulting in a 15% increase in shares. After the market opened on May 29, the stock retreated to $83, remaining 44% below its year-to-date peak and lagging behind the S&P 500's 0.6% increase. This discrepancy underscores the company's robust operational performance amid macroeconomic challenges, tempered by investor apprehension regarding adjusted margin and earnings projections for FY 2025. In the last three years, ANF stock has more than doubled—from approximately $35 in early 2022 to almost $85 today—driven by a 155% increase in earnings per share, from $4.20 in 2021 to $10.69 in 2024. This momentum continued into Q1 FY25, where the company achieved EPS of $1.59 on $1.10 billion in revenue, exceeding expectations of $1.39 and $1.07 billion, respectively. Although earnings growth has been remarkable, valuation multiples present a more conservative picture: the trailing P/E ratio rose to 11x in 2024 but has since decreased to 8x, despite improved fundamentals—reflecting investor concerns regarding sustainability and external risks. The resurgence of the company's namesake brand hasn't happened by chance. The company has redesigned its stores, broadened its market appeal, and focused on digital and global expansion. Sales of the Abercrombie brand grew at an 18% CAGR from 2021 to 2024, outpacing the company's overall growth of 10%. Hollister reported an 8% CAGR, boosted by Gen Z enthusiasm and a more robust women's collection. Operating margins sharply increased from 9.2% to 15.0%, while a 15% decrease in shares outstanding contributed to a dramatic 155% jump in EPS, significantly outpacing revenue growth. See Abercrombie & Fitch's Revenue. Nevertheless, Q1 results presented a mixed scenario: Abercrombie brand sales fell 4%, with comparable sales down 10% due to reduced pricing and challenging year-ago comparisons. Conversely, Hollister achieved its eighth consecutive quarter of growth—sales increased by 22% with comps up 23%. The operating margin settled at 9.3%, lower than last year's 12.7% but above expectations. Inventory value rose by 21%, positioning the company for a stronger second half. The full-year guidance has been adjusted, with EPS now forecasted to be between $9.50 and $10.50 (down from $10.40 to $11.40), and operating margins revised to 12.5%–13.5% (from 14%–15%). The primary factor: $50 million in tariff expenses expected to reduce margins by 100 basis points. With no plans for broad price hikes and a flat outlook for average unit retail this year, ANF anticipates 3%–6% net sales growth in 2025, with increases expected across all regions. Management is enhancing shareholder returns through a $1.3 billion stock buyback program, having repurchased $200 million in Q1 with $1.1 billion remaining authorized. The fluctuations in ANF's stock have been significant: +71% in 2021, -34% in 2022, +285% in 2023, and +69% in 2024. The notable decline in 2025 suggests investor skepticism amid macroeconomic risks and tariff challenges. Nonetheless, with a P/E of just 8x—well below the four-year average of 14x—and robust earnings potential, the stock may present considerable upside if management effectively addresses the headwinds. See our analysis on Abercrombie & Fitch's Valuation for additional insights on what is influencing our price estimate for the stock. Note: Investing in a single stock entails risks. Conversely, the Trefis High Quality (HQ) Portfolio, which includes a selection of 30 stocks, has a history of consistently outperforming the S&P 500 over the past four years. Why is that? Collectively, HQ Portfolio stocks delivered superior returns with reduced risk compared to the benchmark index, showcasing a smoother investment experience as evident in HQ Portfolio performance metrics. It is also important to understand that stocks can plummet sharply – 20%, 30%, even 50% –as we've observed during previous market disruptions. No stock is exempt. Our dashboard How Low Can Stocks Go During A Market Crash shows how key stocks performed during and after the last six market crashes.
Hindustan Times
3 days ago
- Politics
- Hindustan Times
Karnataka launches Anti-Communal Force in coastal, Malnad districts to curb hate crimes
In a significant move aimed at countering rising communal tensions, the Karnataka government has officially rolled out a new Special Action Force, dubbed the Anti-Communal Force, which will operate in three communally sensitive districts, Dakshina Kannada, Udupi, and Shivamogga. Also Read - HS Venkatesha Murthy, celebrated Kannada poet, dies at 81 in Bengaluru. More details Karnataka Home Minister G Parameshwara, addressing reporters on Thursday, said a government order had been issued to constitute the force with immediate effect. The unit will initially begin operations in the selected districts, with provisions in place for further expansion if required. 'We have thoroughly deliberated on the structure, leadership, and operational powers of the Anti-Communal Force. A formal government order has now been passed, and the Director General of Police will implement the necessary measures,' Parameshwara said. The Anti-Communal Force (ACF) is a newly formed Special Action Force specifically designed to monitor, prevent, and respond to communal incidents in areas identified as hotspots for hate-driven violence. The force will be equipped with both human intelligence and technical capabilities, including a dedicated intelligence wing, social media monitoring cells, and surveillance units. Its responsibilities include: According to the official order, the new force has been carved out of the existing Anti-Naxal Force (ANF). Of the 656 sanctioned posts in the ANF, 248 personnel, including a DIG-ranked officer, a DySP (Civil), and an Assistant Commandant, have been reassigned to this new unit. Also Read - Karnataka reports second COVID-19 death in a week as elderly patient dies in Belagavi Additionally, the unit will include four inspectors,16 Sub-Inspectors and a mix of other supporting ranks, forming three operational companies Each company will be headquartered in Udupi, Shivamogga, and Dakshina Kannada, ensuring on-ground presence in the districts flagged as most vulnerable to communal unrest. The announcement comes in the wake of heightened communal tensions, most recently triggered by the murder of Hindu activist Suhas Shetty in Mangaluru. Following the incident, the Home Minister had stated that a specialised force, modeled after the Anti-Naxal Force, would be formed to clamp down on communal disturbances, especially in the coastal belt. Parameshwara stressed that areas like Dakshina Kannada, Udupi, Shivamogga, and surrounding regions have been categorised as "sensitive zones" due to recurring communal incidents. 'We will act without hesitation or mercy against anyone involved in spreading communal hatred or committing communal crimes. Our aim is to completely suppress such activities,' the Home Minister asserted.
Time of India
3 days ago
- Politics
- Time of India
K'taka transfers top DK cops, forms new force to nix communal trouble
Mangaluru/Bengaluru: Following communal tension and a spate of murders in the restive coastal Karnataka, the state govt Thursday night transferred Mangaluru City police commissioner Anupam Agarwal and Dakshina Kannada superintendent of police Yateesh N with immediate effect. The govt issued transfer order hours after announcing the formation of Communal Violence Control Force (CVCF) comprising personnel from Anti-Naxal Force (ANF). The new force will be deployed in Mangaluru, Udupi, and Shivamogga, the three districts witnessing heightened communal tension. The twin near-simultaneous developments follow a wave of resignations announced by ground-level workers of Congress minority wing in Dakshina Kannada over state govt's alleged failure to protect the minorities in coastal Karnataka. Several Muslim functionaries and office-bearers quit, accusing the govt of negligence and failing to safeguard the Muslim community amid recent targeted killings. Sources said the police transfer order was to send out a message that the govt is serious about ensuring law and order and no community should feel it's in jeopardy. The mass resignations were announced during an emergency meeting at Shadi Mahal auditorium in Bolar, Mangaluru, attended by both booth-level workers and senior workers. Party workers stormed the stage, demanding justice for Abdul Rahiman, secretary of Kolathamajalu mosque who was brutally murdered recently. KPCC general secretary MS Mohammed, DK district Congress minority unit president Shahul Hameed and former corporator Abdul Rauf were present at the meeting, which descended into chaos. Emotional scenes unfolded as leaders struggled to calm the agitated crowd. Workers accused the leadership of backtracking after initially deciding to postpone their resignations. Under intense pressure, Suhail Kandak, who was state secretary in Youth Congress, was the first to quit as a member of the party, triggering a chain reaction. Amid uproar, CM Siddaramaiah in Bengaluru issued a stern warning. "We will take action as per law against anyone involved in it irrespective of how influential that person is. No one is above the law. Law alone is above all," he declared. To address the escalating crisis, the government has repurposed part of the ANF, now largely dormant following a decline in Naxal activity in Karnataka. Of the 648 existing posts in the ANF, 248 will be allocated to the new force. The govt order on Thursday said, "The new STF will have three companies and they will be established in Udupi, Shivamogga and Mangaluru districts." According to the order, the Communal Violence Control Force will include an intelligence unit with a technical cell to monitor hate speech and communal activity across media and social platforms. It will also focus on early-warning systems, outreach programmes, and monitoring radicalisation. The DG&IGP will oversee deployment of CVCF personnel during communal riots. The remaining 376 ANF staffers will continue in service for three more years due to intelligence inputs that Maoists may be shifting from Chhattisgarh and Jharkhand to Karnataka's border regions. Home minister G Parameshwara said the Mangaluru murder had forced the government into immediate action. "We will take action without any hesitation. If such incidents keep recurring, we cannot remain silent. We will further tighten the law," he said. He reiterated that Mangaluru, Udupi, and Shivamogga will be treated as sensitive zones. "We will focus more attention on these three districts," he said. "If hatred spreads, what will remain of society? How can people live in such an environment? The government will not stay silent." Parameshwara added that investigations into the Mangaluru murder have revealed disturbing details. "Serious information has come to light, and action will be taken accordingly." He also appealed to political leaders to help restore peace. "If they try to provoke people, how can peace be maintained? I have instructed officials to hold peace meetings with religious leaders," he said.
