Abercrombie Earnings, Same-Store Sales Slide (ANF)

ANF image

This rating was issued on 1/04/17. The firm's 50-day moving average is $11.93 and its 200 day moving average is $14.96. The price to earnings growth ratio is 3.96 and the price to sales ratio is 0.23. Vetr upgraded Abercrombie & Fitch Company from a "buy" rating to a "strong-buy" rating and set a $19.36 target price for the company in a research note on Wednesday, September 21st.

Abercrombie & Fitch announced on Thursday it will be rebranding and closing 60 stores in 2017.

Abercrombie & Fitch Co (NYSE:ANF) reported Q4 results below consensus and issued cautious guidance as industry/brand headwinds are expected to pressure results in 1H17. The lowest price the stock reached on Friday was $0.019 and compares with the $0.011 52-week low. Oppenheimer Downgrades the stock to Underweight on 1/03/17 with no specific Price Target. The most recent short interest data show 29.05% of the company's stock are short sold.

That's not surprising. Abercrombie & Fitch has continued to underperform for years while Hollister has remained its sole saving grace throughout.

S&P Capital IQ maintained Hold rating and trimmed its target price by $1 to $15. Abercrombie & Fitch Company has a 1-year low of $10.91 and a 1-year high of $32.83.


Indicating how profitable this stock is relative to its assets, the ROA value is observed at 0.50%. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (1).

Abercrombie's shares rose 7 percent to $12.50 in premarket trading on Thursday. The company reported the earnings of $0.02/Share in the last quarter where the estimated EPS by analysts was $0.21/share.

On Oct 16 Abercrombie & Fitch Co. The stock, after opening at $0.027, touched a high of $0.03 before paring much of its gains. Hence, the surprise factor was -25 percent. (NYSE:ANF) has a market capitalization of 791.06 Million. (NYSE:ANF) traded with the volume of 4.62 Million in the previous trading session. Exane Derivatives now owns 195,708 shares of the apparel retailer's stock valued at $3,110,000 after buying an additional 194,853 shares during the period.

The company reported net income at $48.8 million, or 71 cents, for its fourth quarter, missing Wall Street expectations of 76 cents per share, according to Zacks Investment Research. (NYSE:ANF) traded -5.41% lower on the day. Comparable sales for the month reduced 13 percent.For February, the exit of the swim and apparel categories had a negative impact of 6 percentage points and 8 percentage points to total company and Victoria's Secret comparable sales, respectively. The stock has earnings growth of 972.40% yoy and showed a low EPS growth of -3.20% over the past five years. Same-store sales are considered a key indicator of a retailer's health, since they only take into account the year-over-year sales performance of stores open at least 12 months. Abercrombie & Fitch Company's dividend payout ratio is presently 421.05%.

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