Abercrombie & Fitch just took the wraps off weak fourth-quarter and full-year 2016 results, but Wall Street, if not millennials, seem to be buying into what the company’s value-oriented Hollister division is selling. On Thursday, Abercrombie reported fourth quarter earnings of 71 cents a share on $1.04 billion in revenue, lower than estimates for earnings of 75 cents a share on $1.05 billion, according to analysts surveyed at Factset.
Category: Abercrombie and Fitch
Can Abercrombie & Fitch Fashion a Turnaround?
Abercrombie & Fitch needs to stop skidding. In the last 52-week period, shares of the teen retailer are down a staggering 60%.
Why Abercrombie & Fitch Co. Stock Was Cut in Half in 2016
Shares of the fashion retail brand dropped more than 54% throughout the year, according to data provided by S&P Global Market Intelligence , after the company posted multiple quarters of declining same-store sales. It’s estimated to have notched a net loss for the year.
2 Dividend Stocks That Are Too Unsafe
To sidestep that imminent sell-off, investors should be very choosy with their dividend plays next year. Dividend stocks with poor earnings growth, unsustainable payout ratios, or inconsistent dividend hikes should be avoided at all costs.
Best Fashion Stocks of 2017
Clothing brands and the apparel industry can be a fickle place, with many of the most iconic apparel brands actually suffering among a changing consumer landscape. This list of clothing retail stocks breaks down the sector to try to find the best publicly traded fashion stocks.