Thursday, May 24, 2007

Teen what? ...the dipper rolls on! not the biggest win, but its green!

ANF
83.00
+2.20 (+2.72%)


$$$$$$$$ BUY ON THE DIP $$$$$$$$$$$

4 comments:

Anonymous said...

still going....83.38 +2.58 (+3.19%)

almost a full 5%+

Anonymous said...

83.72 +2.92 (+3.61%)

anyone got a QUARTER?

just need a few cents more...go team!

Anonymous said...

83.84 +3.04 (+3.76%)

Anonymous said...

Despite difficult selling conditions and ongoing concerns about consumer spending in the face of a slowdown in the housing market and deceleration in economic activity, Abercrombie & Fitch (ANF 83.15 +2.35) continues to distinguish itself as a fashion leader among teen apparel retailers. Long-term investors should maintain their position in the stock, given Abercrombie's healthy financial condition and premium brand.

After the close Wednesday, the New Albany, Ohio-based fashion retailer reported a 7% rise in first quarter earnings on higher sales, and reaffirmed its outlook for the first half of the year. Specifically, net income rose to $60.1 million, or $0.65 per share, from $56.2 million, or $0.62 per share, a year earlier. Revenue added 13% to $742 million, with sales at Abercrombie stores up 7%, sales at Hollister up 19%, and sales at Ruehl up 84%. Same store sales slipped 4%, following a 6% gain in the year ago period.

Abercrombie's bottom-line results were in line with the consensus estimate, but sales fell short of forecasts. Analysts on average were expecting the company to earn $0.65 per share on sales of $758 million.

Abercrombie reiterated its guidance for the first half of the year with earnings expected in a range of $1.47 to $1.52 per share. That equates to earnings of $0.82 to $0.87 per share in the second quarter, and is in line with the consensus estimate of $0.83 per share.

Shares of Abercrombie were indicated more than 4% higher during the regular trading session, as investors welcomed the company's latest results and outlook. The stock has climbed nearly 42% over the past twelve months, and is up about 19% since the beginning of the year.

--Richard Jahnke, Briefing.com