Shares of abercrombie and fitch
Shares of abercrombie and fitch (NYSE:ANF) opened today below their pivot of $48.01 and have already reached the first level of support at $46.43. Analysts will be watching for a cross of the next downside pivot targets of $45.57 and $43.13.
Abercrombie & Fitch Co. is a specialty retailer that operates stores selling casual apparel, such as knit shirts, graphic t-shirts, jeans, woven shirts and personal care and other accessories for men, women and kids. The Company operates stores in the United States and Canada as well as retails its products over the Internet.
Abercrombie hollister outlet has overhead space with shares priced $46.02, or 28.2% below the average consensus analyst price target abercrombie and fitch ladies hoodies of $64.08. The stock should run into initial resistance at its 50-day moving average (MA) of $64.87 and subsequent resistance at its 200-day MA of $65.54.
While we’re at it, I believe it’s plausible the store’s assault on the senses through dark lighting, loud music and heavy reek of discount abercrombie and fitch clothing cologne (detectable from blocks away) may be creating a forcefield sufficient enough to keep even the most determined parent from picking out a pair of Abercrombie Jackets skinny jeans for their darling tween.
Financial Breakdown
The company earned $50.9 million, or 57 cents a share, in the quarter ended October 29th. This is a slight improvement to the $50 million, or 56 cents a share, it earned a year earlier.
This came as a disappointment to analysts who forecast earnings to rise to 71 cents a share. “The results were worse than even the most pessimistic forecast for the company,” adds CNN Money.
On a brighter note, sales rose 21% to $1.08 billion, in line with forecasts. Same-store sales increased 7%. But sales at its core Abercrombie & Fitch hollister uk brand only rose 4% compared to higher gains at its Abercrombie for Kids and Hollister brand stores.
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