UPDATE: Oppenheimer Color On ANF Forecast

Oppenheimer, which raised its PT on shares of Abercrombie & Fitch Co. ANF, is providing some color on the company's forthcoming FY4Q10 and FY10 results. “ANF is scheduled to release FY4Q10 and FY10 results on Wednesday, February 16th,” Oppenheimer writes. “We are forecasting FY4QE EPS of $1.30, which is in line with consensus and compares to $0.91 in the year-ago period. “We believe expectations heading into the quarter are fairly high and are hoping for updates on cotton and manufacturing costs, inventory commitments, domestic store closures, international growth, denim positioning and the ability to navigate the fashion shift that is occurring on the girls' side.” Abercrombie & Fitch Co. currently trades at $54.50.