Media stories about Abercrombie & Fitch (NYSE:ANF) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Abercrombie & Fitch earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave headlines about the apparel retailer an impact score of 49.0999926415709 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- More Abercrombie: Kids prototype stores coming (finance.yahoo.com)
- Abercrombie’s Sales Growth Fails To Live Up To Expectations In The Second Quarter (trefis.com)
- Morgan Stanley Reaffirms “Sell” Rating for Abercrombie & Fitch (ANF) (americanbankingnews.com)
- Only 2 Days Left To Cash In On Abercrombie & Fitch Co (NYSE:ANF) Dividend, Should Investors Buy? (finance.yahoo.com)
- Abercrombie & Fitch Co. (ANF) Forecasted to Post Q3 2019 Earnings of $0.23 Per Share (americanbankingnews.com)
A number of analysts have recently commented on the company. TheStreet raised Abercrombie & Fitch from a “c” rating to a “b-” rating in a research note on Thursday, May 17th. Zacks Investment Research cut Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. JPMorgan Chase & Co. lowered their price target on Abercrombie & Fitch from $23.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, June 4th. William Blair cut Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 30th. Finally, Morgan Stanley upped their price target on Abercrombie & Fitch from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.88.
NYSE ANF traded down $1.23 during trading hours on Friday, reaching $20.06. 4,742,927 shares of the company’s stock were exchanged, compared to its average volume of 3,241,031. Abercrombie & Fitch has a one year low of $11.61 and a one year high of $29.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.67 and a current ratio of 2.25. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.84 and a beta of 0.44.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The business had revenue of $842.41 million during the quarter, compared to analysts’ expectations of $845.11 million. During the same period in the prior year, the business earned ($0.16) EPS. Abercrombie & Fitch’s revenue for the quarter was up 8.1% compared to the same quarter last year. analysts predict that Abercrombie & Fitch will post 0.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, September 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.80 dividend on an annualized basis and a yield of 3.99%. Abercrombie & Fitch’s payout ratio is 123.08%.
In related news, insider Stacia J.P. Andersen sold 28,000 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $27.55, for a total transaction of $771,400.00. Following the completion of the sale, the insider now directly owns 18,251 shares of the company’s stock, valued at approximately $502,815.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.95% of the stock is currently owned by corporate 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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.
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