Abercrombie's same-store sales beat on demand for Hollister brand
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 23:06
A rating of 4 or 5 would indicate a Sell. Vetr upgraded shares of Abercrombie & Fitch Co. from a "hold" rating to a "buy" rating and set a $12.91 target price on the stock in a research report on Tuesday. (NYSE:ANF). Banque Pictet Cie Sa, Switzerland-based fund reported 37,523 shares.
Abercrombie & Fitch Co. had a return on equity of 1.50% and a net margin of 0.38%. FBR & Co. raised its rating on Abercrombie & Fitch Co.to Mkt Perform on 04/01/2017 in a reversal from its prior Underperform rating. While looking the figure depicted by the Price to Earning we can suggest that the shares of Abercrombie & Fitch Co. The mean target of $12.00 should be compared with the price when the stock was languishing around $10.50 a share. For now, Abercrombie & Fitch Co.is the toast of Wall Street as its ABR stands at 3.50 with 1 out of 22 analysts rating the stock a buy. Abercrombie & Fitch Co. presently has a consensus rating of "Hold" and a consensus price target of $16.68. The stock touched 52-week High of $25.33 on 08/29/16 and 52-week Low of $10.50 on 04/07/17. (NYSE:ANF) traded down 1.91% during mid-day trading on Thursday, hitting $13.83. Trading volume may be a very important factor for any investor. The market capitalization of the company is at $883.48 Million. Abercrombie & Fitch Co. also was the recipient of some unusual options trading on Wednesday. The firm's 50 day moving average is $12.06 and its 200 day moving average is $12.65. Stock traders bought 8,866 put options on the company.
Abercrombie's net sales fell 3.6 percent to $661.1 million. The apparel retailer reported $0.71 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.75 by $0.04. Revenue for the quarter also did not kill consensus, coming in at $1.04B, compared to the consensus of 1.05B. Nine analysts surveyed by Zacks expected $653.3 million.
TRADEMARK VIOLATION WARNING: "Abercrombie & Fitch Co". The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/05/25/nisa-investment-advisors-llc-has-288000-stake-in-abercrombie-fitch-co-anf.html.
In recent years, Abercrombie has been working to increase its cool quotient with current teens, making moves like getting rid of its longtime CEO, Mike "No Fatties" Jeffries, relaxing its required hotness levels for employees, and having its models put their shirts back on. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 6.21%.
"We are encouraged by our progress across all brands, particularly in March and April as a whole, in an aggressively promotional environment", said Fran Horowitz, Abercrombie & Fitch Co. CEO.
Institutional investors have recently modified their holdings of the stock. First Financial Equity Corporation purchased a new position in shares of Abercrombie & Fitch Co. during the first quarter worth $223,000.
The stock has a 1-year performance down -48.11% and a negative weekly performance at -0.08%. Commerzbank Aktiengesellschaft FI boosted its position in Abercrombie & Fitch Co.by 4.9% in the fourth quarter.