Long Position on ANF @ $40.50 on 4/19/2021 (Momentum)

Abercrombie & Fitch Co. (ANF) operates as a specialty retailer.

The company operates in two segments, Hollister and Abercrombie.

It offers an assortment of apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, and Gilly Hicks brands.

As of May 28, 2020, it operated approximately 850 stores in North America, Europe, Asia, and the Middle East.

The company sells products through its stores and direct-to-consumer channels; various third-party wholesale, franchise, and licensing arrangements; and e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892.

On March 2, the company reported Quarter January 2021 earnings of $1.50 per share on revenue of $1.1 billion. The consensus earnings estimate was $1.20 per share on revenue of $1.1 billion. The compay reports next on June 1st. The company should report strong numbers as consumers spend their stimulus checks, retailers should do well.

Entry Point: $40.50

Stop Loss: $38.45

Trading Range: $8.80 - $41.08

Target Price: $44.55

Updates

6/14/2021 11:36:59 AM

ANF closed at $43.16

Position closed on 6/14/2021 at price of $43.16 with a 6.57% gain in 56 days.

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