Potential 50% Upside For Abercrombie & Fitch
By Rupert Nicholson:Abercrombie & Fitch (ANF) is an American clothing retailer listed on the US stock exchange. Founded in 1892, it produces clothes specifically designed to appeal to young adults. As of May 2012, it had 1,049 different stores, with operations in 16 countries. Its main competitors include The Buckle (BKE), Urban Outfitters (URBN), and American Eagle Outfitters (AEO).Last year, Abercrombie & Fitch recorded revenue of $4.258 billion, up $689 million from the previous year, and net income of $128 million, down $22 million from the previous year. As of the end of the last financial year, its total assets were $3.048 billion, and its total equity was $1.862 billion. Since the end of October, the company's share price has dropped from a high of $78.25 to its current price of just $32.16.
Abercrombie & Fitch has undergone somewhat of a reinvention in the last few months, as itComplete Story »