Media coverage about Abercrombie & Fitch (NYSE:ANF) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Abercrombie & Fitch earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the apparel retailer an impact score of 46.6392296287803 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
ANF traded up $0.68 during trading on Friday, reaching $27.35. 4,715,248 shares of the company’s stock were exchanged, compared to its average volume of 2,639,395. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $27.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 1.66. The firm has a market capitalization of $1,862.59, a price-to-earnings ratio of 42.08, a PEG ratio of 2.87 and a beta of 0.90.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.28. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. equities research analysts predict that Abercrombie & Fitch will post 0.68 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were given a $0.20 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently 123.08%.
ANF has been the topic of several research reports. Robert W. Baird reaffirmed a “hold” rating on shares of Abercrombie & Fitch in a report on Tuesday, January 23rd. Jefferies Group lifted their price target on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the company a “hold” rating in a report on Monday, December 18th. B. Riley lifted their price target on shares of Abercrombie & Fitch from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Bank of America lifted their price target on shares of Abercrombie & Fitch from $9.00 to $16.00 and gave the company a “sell” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley lifted their price target on shares of Abercrombie & Fitch from $11.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday, March 8th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Abercrombie & Fitch has a consensus rating of “Hold” and a consensus target price of $17.57.
In other news, Director Arthur C. Martinez sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $23.72, for a total value of $474,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by insiders.
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About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.
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