ANF Abercrombie & Fitch Co.

The history of Abercrombie & Fitch began in the nineteenth century and extends into the twenty-first century. Key figures who changed and influenced the course of Abercrombie & Fitch's history include co-founders David T. Abercrombie and Ezra Fitch, Limited Brands and Michael Jeffries, the former Chairman and CEO. David Abercrombie founded A&F in 1892 as an upscale sporting goods store. Forming a partnership with Ezra Fitch, the company continued to expand in the new 20th century. After Abercrombie left the company, Fitch became sole owner and ushered in the "Fitch Years" of continued success. Shortly after his retirement, the company continued to develop under a succession of other leaders until its financial fall and closing in 1977. Limited Brands purchased the ailing brand in 1988 and brought in Mike Jeffries, who revolutionized the image of Abercrombie & Fitch to become an upscale youthful fashion retailer. Today, the company is a multibillion-dollar entity continuing to experience economic expansion through the business continuance of three offshoot growing concepts and cautious international expansion into key luxury markets.

Company profile

Ticker

ANF

Exchange

NYSE

Website

www.abercrombie.com/

CEO

Fran Horowitz

Incorporated

Delaware

Location

Ohio

Fiscal year end

Feb 01

Sector

Retail Trade > Family Clothing Stores

Industry (SIC)

Retail - Family Clothing Stores

TJX Companies • Gap • Nordstrom • Ross Stores • American Eagle Outfitters • Urban Outfitters • Lands` End • Childrens Place • Stage Stores • Buckle ...

SEC CIK

0001018840

Corporate docs

Articles of Incorporation & Bylaws

IRS number

311469076

ANF stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

7 Dec 20

19 Jan 21

1 Feb 21

News

Financial summary

Financial statements Chart ANF financial data

Quarter (USD)	Oct 20	Aug 20	May 20	Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Feb 20	Feb 19	Feb 18	Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	831.81M	831.81M	831.81M	831.81M	831.81M	831.81M
Cash burn (monthly)	(positive/no burn)	(positive/no burn)	(positive/no burn)	10.16M	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	n/a	n/a	26.58M	n/a	n/a
Cash remaining	n/a	n/a	n/a	805.22M	n/a	n/a
Runway (months of cash)	n/a	n/a	n/a	79.3	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

ANF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
25 Nov 20	Perrin Charles R	Class A Common Stock	Sell	Dispose S	No	22.6569	20,000	453.14K	41,141
19 Nov 20	Henchel Gregory J	Class A Common Stock	Payment of exercise	Dispose F	No	20.47	697	14.27K	5,437
19 Nov 20	Henchel Gregory J	Class A Common Stock	Option exercise	Aquire M	No	0	2,335	0	6,134
19 Nov 20	Henchel Gregory J	RSU Class A Common Stock	Option exercise	Dispose M	No	0	2,335	0	4,670
2 Nov 20	Goldman James A	Phantom Stock Class A Common Stock	Grant	Aquire A	No	0	1,582	0	2,796
2 Nov 20	Anderson Kerrii B	Phantom Stock Class A Common Stock	Grant	Aquire A	No	0	207	0	1,247

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q3 2020

ANF institutional ownership history Ownership history

98.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	190	207	-8.2%
Opened positions	27	52	-48.1%
Closed positions	44	26	+69.2%
Increased positions	57	59	-3.4%
Reduced positions	72	63	+14.3%

13F shares	Current	Prev Q	Change
Total value	1.91B	1.17B	+63.0%
Total shares	61.49M	60.93M	+0.9%
Total puts	1.03M	1.09M	-5.6%
Total calls	1.34M	1.38M	-2.9%
Total put/call ratio	0.8	0.8	-2.8%

Largest owners	Shares	Value	Change
BLK Blackrock	9.53M	$132.78M	-4.1%
Vanguard	6.23M	$86.73M	-5.8%
Dimensional Fund Advisors	4.91M	$68.36M	-5.6%
Paradice Investment Management	2.83M	$39.49M	-3.5%
Prentice Capital Management	2.83M	$39.44M	-25.5%
STT State Street	2.47M	$34.45M	-32.9%
Arrowstreet Capital, Limited Partnership	2.09M	$29.17M	+40.5%
Balyasny Asset Management	2.03M	$28.34M	NEW
Kempen Capital Management	1.99M	$27.66M	+47.8%
D. E. Shaw & Co.	1.63M	$22.67M	+22.4%

Largest transactions	Shares	Bought/sold	Change
Balyasny Asset Management	2.03M	+2.03M	NEW
STT State Street	2.47M	-1.21M	-32.9%
Prentice Capital Management	2.83M	-968.51K	-25.5%
GS Goldman Sachs	1.51M	+861.44K	+133.1%
Kempen Capital Management	1.99M	+642.44K	+47.8%
Arrowstreet Capital, Limited Partnership	2.09M	+603.3K	+40.5%
Nuveen Asset Management	716.12K	+424.4K	+145.5%
Alyeska Investment	0	-412.82K	EXIT
BLK Blackrock	9.53M	-409.65K	-4.1%
Vanguard	6.23M	-382.38K	-5.8%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

(1) Includes Abercrombie & Fitch and abercrombie kids brands.
Net sales by geographic area are presented by attributing revenues to an individual country on the basis of the country in which the merchandise was sold for in-store purchases and the shipping location provided by customers for digital orders. The Company’s net sales by geographic area for the thirteen and thirty-nine weeks ended October 31, 2020 and November 2, 2019 were as follows:
For the third quarter of Fiscal 2020, net sales decreased 5% as compared to the third quarter of Fiscal 2019, primarily due to a decrease in units sold driven by reduced store traffic, including as it relates to temporary store closures as a result of COVID-19, partially offset by 43% digital sales growth. Average unit retail increased year-over-year, driven by less promotions and lower clearance levels, with benefits from changes in foreign currency exchange rates of approximately $12 million. Excluding the benefit from changes in foreign currency exchange rates, net sales for the third quarter of Fiscal 2020 decreased 6% as compared to the third quarter of Fiscal 2019.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: ahead, altered, altering, assignment, cater, concession, Dusseldorf, effort, elevated, enforceable, estate, extension, favorability, fulfillment, fully, introducing, leave, Madrid, medical, Munich, usage, vaccine

Removed: context, handling, identifiable, lost, peer, targeted

From filing 10-Q 2020 Q3