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 https://sportsperspectives.com/2017/05/24/abercrombie-fitch-co-anf-downgraded-to-hold-at-vetr-inc-updated.html. 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 Co.by 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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