Company Overview and News
A month has gone by since the last earnings report for Abercrombie & Fitch Company (ANF - Free Report) . Shares have lost about 8.1% in that time frame, underperforming the market.
- Vitruvian Partners leads the funding round and makes first investment in France - Existing major shareholders Eurazeo and Idinvest Partners reinforce their support - The round will be used to consolidate Vestiaire Collective's leading position in Europe, fuel its growth in the US, and allow for expansion into new markets including Asia Pacific through 2017 - Investment in a unique new logistics facility in France to meet increasing demand in Europe - 120 jobs to be created globally within the next 18 months
The Q3 earnings season has been grabbing eyeballs not only because it is turning out to be an encouraging one after five straight quarters of earnings declines but it has also coincided with the much-talked about Presidential election wherein Donald Trump triumphed over Hillary Clinton. We are almost at the tail end of the reporting cycle, with the Retail/Wholesale sector in the limelight. Per our Earnings Preview report as of Nov 11, out of the 455 S&P 500 companies that have come up with their quarterly numbers, approximately 72.
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
Are you still holding shares of Abercrombie & Fitch Co. (ANF - Analyst Report) and awaiting a miracle to take the stock higher in the near term? If yes, then odds are you might lose more money as chances are very slim that the stock which lost its value by nearly 25% since Aug 30, 2016, will take a U-turn in the near term.
Global consumer fashion accessories maker Fossil Group Inc. (FOSL - Analyst Report) is now geared up to move ahead with wearables and plans to launch more than 100 wearable products including activity trackers and smart watches in 40 countries in 2016. The company announced that eight brands including Chaps, Diesel, Emporio Armani, Fossil, kate spade new york, Michael Kors, Misfit and Skagen will each launch a product in the wearables space in 2016.
Kohl’s Corporation (KSS - Analyst Report) has announced the re-launch of its private brand Sonoma Goods For Life, as part of its focus on delivering ‘amazing product’.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton