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ABERCROMBIE & FITCH COABERCROMBIE & FITCH COABERCROMBIE & FITCH CO

ABERCROMBIE & FITCH CO

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ANF trade ideas

Abercrombie & Fitch Surge On Booming Sales and Higher GuidanceAbercrombie & Fitch ( NYSE:ANF ) shares rose 23.27% to an all-time high on Wednesday as the clothing retailer's first-quarter results exceeded estimates and raised its guidance. The company reported quarterly net income of $113.9 million, nearly seven times greater than a year ago, with earnings per share (EPS) of $2.14, up from $0.32 in 2023. Revenue jumped 22% year-over-year to $1.02 billion, a first-quarter record. Profit and revenue topped forecasts. Sales of the Abercrombie brand climbed 31% to $571.5 million, while Hollister brand sales rose 12% to $449.2 million. They were up 23% to $820.1 million in the Americas, 19% to $164.8 million in Europe, the Middle East, and Africa, and 10% to $35.8 million in the Asia-Pacific region. CEO Fran Horowitz said the company "successfully navigated seasonal transitions with relevant assortments and compelling marketing, leveraging agile chase capabilities and inventory discipline." Abercrombie ( NYSE:ANF ) now expects full-year sales to rise about 10% from $4.3 billion in fiscal 2023, up from its previous outlook of a 4% to 6% gain. It sees an operating margin of approximately 14% compared with the earlier prediction of about 12%. Shares of Abercrombie & Fitch ( NYSE:ANF ) soared more than 24% to $189.40 as of the time of writing after touching a record $182.86 earlier in the session. They have more than doubled this year. Abercrombie & Fitch's ( NYSE:ANF ) "Always Forward Plan" playbook aims to drive global growth through a data-driven approach to store expansion, digital marketing, and social selling. The retailer's sales channels are varied, with the Abercrombie brands selling 40% in stores and 60% digital, while the Hollister brand sells 70% in stores and 30% digital. The company targets millennials who are "fashion-obsessed" and "digitally-led," while the Hollister brand is aimed at Generation Z shoppers who are "comfort obsessed" and "value versatility." Technically, Abercrombie & Fitch's ( NYSE:ANF ) stock is currently overbought with a Relative Strength Index (RSI) of 86.64. The daily price chart depicts a long bullish Harami candle stick pattern which accentuate the bullish reversal of the ticker.
NYSE:ANFLong
by DEXWireNews
5/28/24 - $anf - see better setups elsewhere, risky. sidelines.5/28/24 - vrockstar - NYSE:ANF - heresy to dislike this valuation? i get it's had a renaissance. it's profitable. 5% yield that's good! 19x PE! good capital stack. it's still cheaper than NASDAQ:LULU without any of the baggage all else equal. the issue here, my friends, is this price point is becoming more and more problematic. NASDAQ:PDD 's temu just crushed it. discount brands are taking share. me-too styles are eating away at brand leaders. i worry we'll see this show up sooner than later in the ANF equation. i'm going to be sitting out on this one b/c i'm not a fan of shorting a hot tape and nevermind a red hot individual chart like this one. but it's one of these situations where it's hard to park and ride for a few days of additional upside and in any down day, it could a. be large and b. see a follow-on reaction like we did in the white-girl-wasted names that reported earlier... NYSE:TGT , NASDAQ:LULU , NASDAQ:SBUX , NASDAQ:ULTA ( NYSE:ELF was the exception - congrats/ but the growth equation was like massive double digit and it's a discount brand too). if you're gonna bet on retail that generates good margin, slightly larger biz, "less" discretionary - i'd go with NYSE:DKS reporting the same AM and i'll be writing up in a moment - though i'm not probably on the sidelines here. careful fam. no need to get taylor-swift-kick-in-the-nuts.
NYSE:ANF
by VROCKSTAR
3
Wait ANF Doesn't Make AI Chips?Thesis: Bearish momentum on the daily and weekly stochastic. Closed below the 48 day ema, MTD, and YTD Anchored Vwap. Trend on daily ema ribbon has fliped bearish. However price found Support on -1 monthly ART level so I wouldn't be surprised to see a bounce. If it bounces back to the daily ribbon and the bearish moment is still in tact sell the rip! I will be watching this closely and may enter a small position in case it dumps without a retest.
NYSE:ANFShort
by retailmonkeybrainz
Abercrombie & Fitch Co running out of steamAbercrombie & Fitch Co has been a rock star performance driver of late; we have noticed a turning point. Sentiment and momentum have shifted to bearish which has triggered our belief that a short position now is the right allocation play. We fully expect as the RSI & Stochastics have shifted bearish further validating our belief that price trajectory is expected to moved below the next Fibonacci support levels on the way down with mild bounce expected along the way down
NYSE:ANF
by JK_Market_Recap
2
Abercrombie & Fitch Continues Winning Streak Amidst a tumultuous market environment, Abercrombie & Fitch Co. (NYSE: NYSE:ANF ) has emerged as a beacon of resilience and growth, with its latest forecast painting a rosy picture for the apparel giant. The company's confident projection of full-year revenue growth exceeding Wall Street estimates underscores its unwavering confidence in the strength of its brands and the buoyancy of consumer demand. In a recent update, Abercrombie & Fitch ( NYSE:ANF ) revealed its anticipation of robust revenue expansion, buoyed by a surge in full-price demand for its apparel offerings. The optimism stems from a successful holiday shopping season and a promising start to spring in the United States, with consumers demonstrating a penchant for Abercrombie's fresh styles and meticulously curated collections. The company's strategic initiatives, including inventory optimization and the introduction of compelling new designs, have paid dividends, catapulting Abercrombie ( NYSE:ANF ) alongside industry peers like Lululemon Athletica, which have similarly benefited from a proactive approach to inventory management. Notably, Abercrombie's emphasis on enhancing customer experiences both online and in-store has resonated positively, driving engagement and fostering brand loyalty. By ramping up marketing efforts and investing in digital platforms, Abercrombie ( NYSE:ANF ) has positioned itself for sustained success throughout the fiscal year. Abercrombie's ( NYSE:ANF ) forward-looking guidance paints a promising picture, with first-quarter net sales expected to soar in the low double digits, surpassing market expectations. The company's spring collection has already garnered favorable reviews, indicating strong momentum heading into the new season. While Abercrombie ( NYSE:ANF ) basks in the glow of its recent accomplishments, challenges loom on the horizon, including potential disruptions in shipping and raw material costs stemming from geopolitical tensions in the Red Sea. However, the company remains agile and resilient, poised to navigate these headwinds while staying true to its growth trajectory. Analysts echo Abercrombie's ( NYSE:ANF ) bullish sentiment, with Telsey Advisory Group's Dana Telsey highlighting the resilience of the A&F brand and its ability to drive margin expansion through digital growth. The company's fourth-quarter performance, which exceeded analysts' expectations both in terms of revenue and earnings per share, further underscores its strong position in the market. Despite a marginal dip in early trading, Abercrombie's ( NYSE:ANF ) shares have enjoyed a remarkable rally, nearly quadrupling in value last year and continuing their ascent with a 60% increase year-to-date. Investors have taken notice of Abercrombie's ( NYSE:ANF ) impressive performance and its ability to navigate challenges with poise and confidence.
NYSE:ANF
by DEXWireNews
1
ANF double top with negative divergence. Time to buy a put??ANF has been on an absolute tear. Is it warranted?? Yes, their earning have drastically improved, but is this growth sustainable with continued increases in credit default rates? This brand has no cult following like that of Lululemon. YTD +40% 1 year chart +331% +66% previous peak in 2007 when this clothing brand was the one and only for teens. Currently trading 100% over 200-day moving average Recently broke above resistance and will retest this channel. Starting to look like a double top with negative divergence. I will keep a close eye on this stock as it retests the top of the previous channel. If it bounces, I will exit the position. If it falls through we should be good.
NYSE:ANFShort
by Average_Joe_Options
1
ANF - Trend exhausted or further to goANF has had a couple of strong gaps up. The last exceeded its measured range. While it looks like we may have missed the opportunity, we're coming up on its highest performing month of the year. Over the past 20 years it closes November higher 60% of the time with an average gain of 8%. To play this one, I'd look for a smaller play on a pullback to 51-52, which is the 0.382 of the fib extension and where it has confluence with VWAPs anchored to key areas around its recent gap up. A second long opportunity would be an entry at the top of the gap (more aggressive) or the opening of the gap (conservative). If that gap closes it will be important to review the volume and candlestick pattern to estimate whether it is a retest or a breakdown.
NYSE:ANFLong
by Ben_1148x2
ANF Abercrombie & Fitch Options Ahead of EarningsIf you haven`t bought ANF here, when the calls went up 5X: Then analyzing the options chain and the chart patterns of ANF Abercrombie & Fitch prior to the earnings report this week, I would consider purchasing the 45usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $5.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:ANFLong
by TopgOptions
$ANF short opportunityA-B-C wave completed, this is bearish set up and ANF will have hard time rising up from here. Add in insiders cashing out, retail sales that have peaked and haven't moved anywhere in the past year, and ever tighter consumer budget. On the other hand, we still have very strong/resilient economy and maximum employment (people still have income and will go shopping). However, not much upside from here and ANF is one of those companies that aren't really profitable (consistently).
NYSE:ANFShort
by LevinBurant
2