Media coverage about Abercrombie & Fitch (NYSE:ANF) has been trending somewhat negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Abercrombie & Fitch earned a coverage optimism score of -1.50 on their scale. InfoTrie also gave press coverage about the apparel retailer an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have effected Abercrombie & Fitch’s ranking:
- Abercrombie & Fitch (ANF) Earns Underperform Rating from Wedbush (americanbankingnews.com)
- Is Abercrombie & Fitch’s Turnaround Losing Its Momentum? (news.yahoo.com)
- Why Abercrombie & Fitch is 110% right to close its massive flagship stores (finance.yahoo.com)
- Abercrombie & Fitch: Growth Just Died (seekingalpha.com)
- Is Abercrombie & Fitch's Turnaround Losing Its Momentum? (finance.yahoo.com)
A number of brokerages have issued reports on ANF. Wedbush reissued an “underperform” rating and set a $16.00 target price (down previously from $23.00) on shares of Abercrombie & Fitch in a report on Thursday. ValuEngine cut shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a report on Wednesday. Deutsche Bank set a $24.00 price target on shares of Abercrombie & Fitch and gave the stock a “sell” rating in a report on Thursday, March 7th. Argus upped their price target on shares of Abercrombie & Fitch to $28.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Royal Bank of Canada upped their price target on shares of Abercrombie & Fitch to $27.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Abercrombie & Fitch has a consensus rating of “Hold” and an average target price of $22.73.
Shares of Abercrombie & Fitch stock traded down $1.30 during trading on Thursday, hitting $17.09. The stock had a trading volume of 285,437 shares, compared to its average volume of 2,095,770. The stock has a market cap of $1.67 billion, a P/E ratio of 14.86, a PEG ratio of 1.17 and a beta of 0.63. Abercrombie & Fitch has a 12 month low of $15.28 and a 12 month high of $30.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.61 and a current ratio of 2.39.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.14. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The firm had revenue of $733.97 million for the quarter, compared to analysts’ expectations of $730.79 million. During the same quarter in the prior year, the firm posted ($0.56) earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts predict that Abercrombie & Fitch will post 1.4 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, June 7th will be given a $0.20 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.80 annualized dividend and a yield of 4.68%. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently 69.57%.
In related news, Director Nigel Travis bought 2,917 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of $25.70 per share, for a total transaction of $74,966.90. Following the completion of the transaction, the director now owns 2,917 shares of the company’s stock, valued at $74,966.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.95% of the stock is currently owned by insiders.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
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