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Abercrombie & Fitch Company (ANF): Today's Featured Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Abercrombie & Fitch Company ( ANF) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 1.2%. By the end of trading, Abercrombie & Fitch Company fell $8.27 (-17.7%) to $38.53 on heavy volume. Throughout the day, 18,288,799 shares of Abercrombie & Fitch Company exchanged hands as compared to its average daily volume of 1,577,600 shares. The stock ranged in price between $36.90-$39.05 after having opened the day at $37.00 as compared to the previous trading day's close of $46.80. Other companies within the Services sector that declined today were: ValueVision Media ( VVTV), down 15.4%, Bon-Ton Stores ( BONT), down 11.9%, DGSE Companies ( DGSE), down 11.1% and China Jo-Jo Drugstores ( CJJD), down 10.7%.

Abercrombie & Fitch Co., through its subsidiaries, operates as a specialty retailer of casual apparel for men, women, and kids. It operates through three segments: U.S. Stores, International Stores, and Direct-to-Consumer. Abercrombie & Fitch Company has a market cap of $3.8 billion and is part of the retail industry. Shares are down 2.4% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Abercrombie & Fitch Company a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates Abercrombie & Fitch Company as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, SED International Holdings ( SED), up 26.3%, Genetic Technologies ( GENE), up 19.6%, Industrial Services of America ( IDSA), up 17.0% and Harris Interactive ( HPOL), up 11.2% , were all gainers within the services sector with Starbucks Corporation ( SBUX) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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