Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Abercrombie & Fitch Shares Plunged: What You Need to Know

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of hip clothier Abercrombie & Fitch (NYSE: ANF  ) fell more than 22% in early trading after reporting disappointing third-quarter sales. A Janney Capital analyst also downgraded the stock from "buy" to "neutral" and cut her fair value estimate by more than 30%, Barron's reports.

So what: For its part, Abercrombie said comparable-store sales fell in flagship stores in Europe, Japan, and Canada. Worldwide, comps rose 8% year to date, but pockets of international weakness weighed on the shares. Janney questioned the exportability of the Abercrombie concept.

Now what: Fools probably aren't surprised by the comments, even if Wall Street and Big Money investors were. Throughout the past year Abercrombie & Fitch has rated just one of out five possible stars in our Motley Fool CAPS investor intelligence database. How do you rate the stock? Would you buy shares of Abercrombie & Fitch at current prices? Please weigh in using the comments box below.

Interested in more information about Abercrombie & Fitch? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 03, 2011, at 10:02 PM, PeyDaFool wrote:

    I would not touch ANF shares with a ten foot pole; however, my girlfriend works for them and secures a cool 50% off their entire line. I figure a secure 50% return is much safer than investing in the overvalued stock.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1583640, ~/Articles/ArticleHandler.aspx, 10/20/2016 9:15:22 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,162.35 -40.27 -0.22%
S&P 500 2,141.34 -2.95 -0.14%
NASD 5,241.83 -4.58 -0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/20/2016 4:03 PM
ANF $15.74 Up +0.29 +1.88%
Abercrombie and Fi… CAPS Rating: *