This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Abercrombie, China Telecom Slump to 52-Week Lows

NEW YORK ( TheStreet) -- Abercrombie & Fitch (ANF - Get Report) and China Telecom (CHA - Get Report) sank to 52-week lows on Wednesday.

Abercrombie & Fitch

The retailer reported on Wednesday first-quarter net income of $3 million, or 3 cents a share, down from year-earlier earnings of $25.1 million, or 28 cents.

Abercrombie was forecast by analysts to post first-quarter profit of 2 cents a share.

"The deterioration in international sales trends is concerning, especially given the company's aggressive growth plans in Europe and adds further uncertainty to the story," Wells Fargo analysts wrote in a report on Wednesday. "However, the company is using other levers to deliver EPS and the depressed valuation already reflects these trends, in our view."

Shares of Abercrombie & Fitch hit a 52-week low on Wednesday of $38.71. The stock's 52-week high of $78.25 was set on June 21.

Abercrombie & Fitch trades at an estimated price-to-earnings ratio for next year of 8.62 times; the average for apparel retailers is 14.28. For comparison, Urban Outfitters (URBN) has a higher forward P/E of 14.8.

Eighteen of the 34 analysts who cover Abercrombie rated it hold. Fourteen analysts rated the stock a buy and two gave the stock a sell rating.

The stock has fallen 21.29% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ANF $22.11 0.00%
CHA $69.25 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs