Published: Thu, May 25, 2017
Money | By Armando Alvarado

Abercrombie posts smaller-than-expected drop in same-store sales

Abercrombie posts smaller-than-expected drop in same-store sales

Further, analysts have a 12 month target price of $12.33 on company shares.

A number of other analysts have also issued reports on the company. Royal Bank of Canada set a $12.00 target price on shares of Abercrombie & Fitch Co. and gave the company a "sell" rating in a research note on Saturday, May 13th.

Shares of Abercrombie rose 53 cents to $13.42 before in premarket trading Thursday. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.45 on scale of 1-5. (NYSE:ANF) traded down 1.26% on Tuesday, reaching $11.78. The stock has a market capitalization of $940.23 million, a price-to-earnings ratio of 238.45 and a beta of 1.25. Abercrombie & Fitch Co. also saw unusually large options trading activity on Wednesday. The firm's 50 day moving average is $12.06 and its 200 day moving average is $12.65. Stock traders bought 8,866 put options on the company. The stock exchanged hands with 22,607 shares lower as compared to its average daily volume of 62.64K shares.

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(NYSE:ANF) yearly performance is -48.11% and net profit margin is 0.10%. (NYSE:ANF) last announced its quarterly earnings data on Thursday, March 2nd. Nine analysts have provided estimates for Abercrombie & Fitch Co.'s earnings, with the lowest EPS estimate coming in at ($0.94) and the highest estimate coming in at ($0.54). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Abercrombie & Fitch Co.'s quarterly revenue was down 6.9% compared to the same quarter a year ago. During the same period past year, the business earned $1.08 EPS. Analysts expected a drop of 3.2 percent, according to FactSet.

COPYRIGHT VIOLATION WARNING: This news story was reported by Stock Observer and is the property of of Stock Observer. The legal version of this article can be read at Shareholders of record on Friday, June 2nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 annualized dividend and a yield of 6.21%.

Same-store sales for the company's Hollister brand, which has remained flat for two years, rose 3 percent in the first quarter ended April 29, while analysts polled by research firm Consensus Metrix had expected it to grow a mere 0.8 percent. Suntrust Banks Inc. raised its stake in shares of Abercrombie & Fitch 7.9% in the first quarter. Rhumbline Advisers now owns 143,837 shares of the apparel retailer's stock worth $2,286,000 after buying an additional 4,800 shares in the last quarter.

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