Abercrombie & Fitch (ANF) Earning Critical Press Coverage, InfoTrie Reports

Press coverage about Abercrombie & Fitch (NYSE:ANF) has trended negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Abercrombie & Fitch earned a media sentiment score of -2.00 on their scale. InfoTrie also assigned media stories about the apparel retailer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.

NYSE ANF traded up $0.36 on Thursday, hitting $20.33. 1,995,000 shares of the company were exchanged, compared to its average volume of 2,713,148. The firm has a market cap of $1.39 billion, a PE ratio of 31.28, a P/E/G ratio of 1.82 and a beta of 0.46. Abercrombie & Fitch has a 12 month low of $11.67 and a 12 month high of $29.69. The company has a quick ratio of 1.43, a current ratio of 2.25 and a debt-to-equity ratio of 0.26.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10. Abercrombie & Fitch had a net margin of 1.05% and a return on equity of 7.02%. The firm had revenue of $842.41 million for the quarter, compared to analyst estimates of $845.11 million. During the same period last year, the firm earned ($0.16) earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Abercrombie & Fitch will post 0.75 earnings per share for the current year.

Several equities research analysts have recently weighed in on ANF shares. Morgan Stanley increased their target price on shares of Abercrombie & Fitch from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 4th. Wedbush cut their target price on shares of Abercrombie & Fitch from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, October 11th. Zacks Investment Research raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a research note on Monday, August 13th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $16.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, October 11th. Finally, William Blair lowered shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 30th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.14.

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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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