Abercrombie & Fitch Co.’s (ANF) Fourth-Quarter Review
By Benzinga Staff
February 17, 2010 12:40 PM
February 17, 2010 12:40 PM
Symbols: ANF
Analysts Christine Chen and Paula Torch at Needham have released a report reviewing the fourth-quarter results at Abercrombie & Fitch Co (NYSE: ANF). The company reported fourth-quarter results in-line with analysts’ estimate.
The company reported EPS of $0.91 for the fourth-quarter, which came in line with the analysts’ estimate, and above the consensus forecast of $0.87. The company saw a decline of 13% in same-store sales.
Analysts expect the FY10 square footage growth to be boosted by 39 new store openings, 32 of which are international. Analysts have raised the FY10 EPS estimate from $1.74 to $1.84.
Analysts continue to rate Abercrombie & Fitch Co. as a Buy, with a price target of $45.
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