Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 13th:Abercrombie & Fitch Co. (ANF) : This specialty retailer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.2% over the last 60 days.Abercrombie & Fitch’s shares gained 43.8% over the past three months compared with the S&P 500’s advance of 8.1%. The company possesses a Momentum Score  of A.LeMaitre Vascular, Inc. (LMAT) : This medical dev ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Southside Bancshares, Inc. (SBSI) : This bank holding company for Southside Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 14.4% over the last 60 days.Eagle Bancorp Montana, Inc. (EBMT) : This bank holding company for Opportunity Bank of Montana has seen the Zacks Consensus Estimate for its current year earnings increasing 120% over the last 60 days.LeMaitre Vascular, Inc. (LMAT) : This medical devic ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 13th:Eagle Bancorp Montana, Inc. (EBMT) : This bank holding company for Opportunity Bank of Montana carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.Eagle Bancorp Montana has a price-to-earnings ratio (P/E) of 7.22, compared with 10.30 for the industry. The company possesses a Value Score of A.Federa ...

Abercrombie & Fitch (ANF) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this teen clothing retailer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation betwee ...

Reporting their fourth quarter results this week, Abercrombie & Fitch (ANF)  and CrowdStrike (CRWD)  reconfirmed they have the expansion efforts that investors look for. The popular retail apparel company and innovative next-gen cyber security firm posted sound sales growth and strong improvements in profitability.Making Abercrombie & Fitch and CrowdStrike shares more attractive is that their operating efficiency may sustain their impeccable year-to-date rallies.Image Source: Zacks Investment ResearchRobust ...

Abercrombie & Fitch Co. (ANF) has reported robust fourth-quarter fiscal 2023 results, with the top and bottom lines surpassing the Zacks Consensus Estimate and improving year over year. Results have benefited from the exceptional performance at the Abercrombie brand and improvement in the Hollister brand.The company noted that its efforts to improve the positioning of the Hollister brand have been paying off. Also, strategic investments across stores, digital and technology via its Always Forward Plan bode ...

NEW ALBANY, Ohio, March 07, 2024 (GLOBE NEWSWIRE) -- Abercrombie & Fitch ("Abercrombie"), a division of Abercrombie & Fitch Co. (NYSE:ANF), is proud to toast the launch of ‘The A&F Wedding Shop,' a collection of over 100 uniquely designed pieces for brides, bachelorettes and guests to outfit every chic wedding weekend moment. "Abercrombie's customers view weddings as multi-faceted experiences, which is why we designed this collection to be the outfitting solution for so many wedding-related occasions," said ...

Key TakeawaysAbercrombie & Fitch beat fourth-quarter earnings and revenue estimates, and gave strong first-quarter guidance on sales at its namesake brands and higher prices.The retailer said it expected net sales to be "low double-digits" higher in its current fiscal quarter.Abercrombie & Fitch shares lost ground after hitting an all-time high Tuesday, although they remain up about 30% in the past month. Abercrombie & Fitch Co. (ANF) on Wednesday posted holiday-quarter results and guidance that beat analys ...

Financial Data and Key Metrics Changes - For fiscal year 2023, the company reported sales of $4.28 billion, an increase of 15.8% compared to 2022, marking the second-highest annual sales level in its history [5][27] - The operating margin reached 11.3%, the best in 15 years, with operating income of $489 million, compared to $107 million in 2022 [5][26] - The gross profit rate improved to 62.9% from 56.9% in 2022, driven by higher average unit retail (AUR) and lower freight and raw material costs [28][24] Business Line Data and Key Metrics Changes - Abercrombie brands saw a significant growth of 27% in sales compared to 2022, with a 50% increase since 2019 [14][27] - Hollister brands grew by 6% in total sales and 4% on a comparable basis, with women's business leading the growth [12][27] - The company achieved a 21% increase in net sales for Q4, with comparable sales up 16% [23][24] Market Data and Key Metrics Changes - The Americas region led growth with an 18% increase in sales for the year, while EMEA and APAC regions grew by 4% and 16%, respectively [10][27] - In Q4, net sales in the Americas increased by 23%, while EMEA and APAC saw increases of 13% and 21%, respectively [24] - The company is focusing on expanding its presence in EMEA and APAC, with significant investments in local teams and marketing [21][22] Company Strategy and Development Direction - The company is committed to its "Always Forward Plan," aiming for sustainable growth and profitability, with a long-term goal of $5 billion in global sales [7][22] - Investments in marketing, technology, and new store experiences are prioritized to enhance customer engagement and brand loyalty [6][18] - The company plans to be a net store opener in 2024, focusing on expanding its successful neighborhood concept [18][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to balance growth opportunities while maintaining financial discipline [7][16] - The company acknowledged potential challenges from global macroeconomic and geopolitical instability but emphasized its focus on controllable factors [16][30] - For 2024, the company expects net sales growth of 4% to 6%, with a strong start to the first quarter [31][35] Other Important Information - The company ended 2023 with cash and cash equivalents of $901 million and total liquidity of approximately $1.2 billion [29] - The company plans to invest approximately $170 million in capital expenditures in 2024, with a focus on digital and technology [33][34] - The company has successfully reduced inventory by 7% compared to 2022, positioning itself well for 2024 [66] Q&A Session Summary Question: What is the outlook for Hollister and Gilly Hicks? - Management noted that Hollister's growth is led by women's products, with positive signs in men's categories as well [40][41] - Gilly Hicks is transitioning to an active lifestyle brand, contributing positively to Hollister's growth [41] Question: What has driven Abercrombie's recent success? - The success is attributed to expanding the addressable market and evolving the brand into a lifestyle brand, with a focus on customer needs [46][47] Question: What are the expectations for inventory growth relative to sales growth? - The company expects inventory growth to align closely with sales opportunities while maintaining a lean inventory strategy [66] Question: How is the company addressing the impact of the Red Sea situation on margins? - Management indicated that the Red Sea situation is expected to impact shipping costs, particularly in Q2 and the second half of the year [42][43] Question: What is the expected gross margin expansion in 2024? - The company anticipates benefits from lower product costs, particularly in the first half of 2024, contributing to improved gross margins [71]

New Albany, Ohio, March 6, 2024: Abercrombie & Fitch Co. (NYSE: ANF) today announced results for the fourteen week fourth quarter and fifty-three week year ended February 3, 2024. These compare to results for the thirteen week fourth quarter and fifty-two week year ended January 28, 2023. Descriptions of the use of non-GAAP financial measures and reconciliations of GAAP and non- GAAP financial measures accompany this release. ABERCROMBIE & FITCH CO. REPORTS FOURTH QUARTER AND FULL YEAR RESULTS Fran Horowitz ...