Broker recommendations for Abercrombie & Fitch Co.
The Abercrombie & Fitch Co. stock is rated at 1.821429 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Tuesday 11 August, 2020 by a total of 14 brokers. This means that the consensus of the 14 different brokers is leaning toward to moderate buy/hold.
1 (7.14%) Underweight
1 (7.14%) Hold
8 (57.14%) Overweight
0 (0%) Buy
Price target by analysts
The 12 latest analyst estimates, per Tuesday 11 August, 2020, show the following high, low and average price targets.
Target Average: 12.42 USD
Target High: 17 USD
Target Low: 8 USD
AFL-CIO says companies juiced CEO pay with stocks as COVID-19 hit
Wednesday, 29 July 2020, 17:40:35
The AFL-CIO is accusing some of the nation’s largest companies of juicing executive pay with cheap stocks as the COVID-19 pandemic erupted, even as they proclaimed they were cutting salary. The AFL-CIO offered Abercrombie & Fitch as an…
— The Hill
‘Virtually the entire apparel industry’ — from Gap to H&M to Adidas — are profiting from forced Uighur labor, activists say
Thursday, 23 July 2020, 17:35:34
Top global fashion brands have profited from forced Uighur labor, more than 180 human-rights groups have alleged in a letter seen by Business Insider. Roughly one in five cotton products sold around the world come from the Uighur heartland, the activists said. Companies “tainted” by forced Uighur or Turkic Muslim labor include including Gap, Adidas, H&M, and Calvin Klein, the activists added. According to The Guardian , China is the world’s biggest supplier of cotton products, and 84% of the country’s cotton output is sourced from Xinjiang. China has subjected the Uighurs to heavy surveillance and arbitrary detention. Authorities are believed to have imprisoned at least 1 million Uighurs and other minorities in so-called “reeducation camps.” Visit Business Insider’s homepage for more stories . Dozens of major global brands are accused of complicity in the mass repression of China’s Uighur Muslim minority by sourcing their supplies of cotton products from factories exploiting the people’s forced labor.
— Business Insider
Jide Zeitlin, CEO of Coach parent company Tapestry, quits
Tuesday, 21 July 2020, 20:09:48
Tapestry said on Tuesday Chairman and Chief Executive Jide Zeitlin has resigned from the company for personal reasons, the latest in a series of top-level executive departures at the Coach handbag maker over the last year. The company said chief financial officer and former Abercrombie & Fitch executive Joanne Crevoiserat had been appointed as interim…
— New York Post
Cargo-Friendly Airports Shine During COVID Crisis
Thursday, 9 July 2020, 16:19:58
Secondary airports geared toward cargo are proving their value during the coronavirus pandemic as a faster alternative for delivering goods. Airports outside major metro areas have always had a speed advantage over international passenger gateways such as Chicago O’Hare and New York’s JFK airport. An onslaught of freighter aircraft full of medical supplies for the COVID response has magnified congestion at those hubs and forced shippers to consider other options. Good infrastructure, customer service, longer operating hours and priority clearance from customs authorities make it easier to pick up inbound shipments at second-tier airports, freight transportation specialists say. Rickenbacker International Airport outside Columbus, Ohio, exemplifies the cargo-centric approach. The airport authority services parked freighters to expedite loading and unloading, or airlines can self-handle cargo. Several freight forwarders have airside cargo terminals, giving them direct control over their freight compared to using a third-party for disassembling and preparing loads for pick up.
— Benzinga Feeds
Abercrombie & Fitch sales flop
Friday, 29 May 2020, 09:13:00
US clothing and lifestyle retailer Abercrombie & Fitch has reported a 34% drop in net sales for the first quarter, as a result of Covid-19.