Somewhat Positive Media Coverage Somewhat Unlikely to Affect Abercrombie & Fitch (ANF) Share Price
Media stories about Abercrombie & Fitch (NYSE:ANF) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Abercrombie & Fitch earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the apparel retailer an impact score of 46.4190420256731 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Why Abercrombie & Fitch Co. Stock May Have Turned the Corner – Investorplace.com (investorplace.com)
- Abercrombie & Fitch Earns Relative Strength Rating Upgrade (finance.yahoo.com)
- Up-to-the-minute Analysts Reports: Abercrombie & Fitch Co. (ANF), Tenet Healthcare Corp. (THC) – Market Movers (financialqz.com)
- Why Abercrombie & Fitch Co. Stock May Have Turned the Corner (investorplace.com)
A number of research analysts recently issued reports on the company. B. Riley restated a “neutral” rating on shares of Abercrombie & Fitch in a report on Wednesday, November 1st. William Blair restated an “outperform” rating on shares of Abercrombie & Fitch in a report on Tuesday, September 5th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $16.00 in a report on Friday, August 25th. BMO Capital Markets set a $14.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Wolfe Research boosted their price target on Abercrombie & Fitch from $9.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, November 20th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Abercrombie & Fitch has an average rating of “Hold” and an average target price of $12.98.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm had revenue of $859.10 million for the quarter, compared to the consensus estimate of $818.41 million. During the same quarter in the prior year, the business earned $0.02 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts expect that Abercrombie & Fitch will post 0.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.61%. Abercrombie & Fitch’s dividend payout ratio (DPR) is -285.70%.
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About Abercrombie & Fitch
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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