Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Abercrombie & Fitch (ANF) Stock Price
Press coverage about Abercrombie & Fitch (NYSE:ANF) has trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, 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 assigned media coverage about the apparel retailer an impact score of 45.2306410166542 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Abercrombie & Fitch Co. (NYSE: ANF) – Glowing Stock’s Review – Alpha Beta Stock (alphabetastock.com)
- New look Abercrombie & Fitch actually connecting (bizjournals.com)
- ANF Immobilier : Rental Income 3rd Quarter 2017 (advfn.com)
- Abercrombie & Fitch Company (ANF) Set to Announce Earnings on Friday (americanbankingnews.com)
- New look Abercrombie & Fitch actually connecting with younger consumers (finance.yahoo.com)
ANF has been the topic of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of Abercrombie & Fitch in a research note on Tuesday, September 5th. Citigroup Inc. upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, September 12th. Royal Bank of Canada upgraded shares of Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $12.00 to $14.00 in a research note on Thursday, August 31st. Finally, ValuEngine upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.24.
Shares of Abercrombie & Fitch (NYSE:ANF) traded up $0.38 on Friday, hitting $12.56. 2,689,300 shares of the stock traded hands, compared to its average volume of 3,528,018. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $17.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.16 and a quick ratio of 1.21.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The company had revenue of $779.00 million during the quarter, compared to the consensus estimate of $758.57 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. analysts anticipate that Abercrombie & Fitch will post -0.01 earnings per share for the current year.
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Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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