A number of other brokerages have also recently issued reports on ANF.
Receive Abercrombie & Fitch Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Company with MarketBeat.com's FREE daily email newsletter. The forecast of 2 surveyed investment analysts covering the stock advises investors to Buy stake in the company. However, at the Wall Street, the shares for the company has been tagged a $11.31 price target, indicating that the shares will drop -9.88% from its current levels.
Foot Locker's quest to regain momentum got a boost in the third quarter as the chain reported better than expected revenue and earnings. (NYSE:ANF) are gapping up 25.02% pre-market with a price of $15.06 on the stock. During the past three months the stock gain 29.92%, bringing six months performance to 0.72%. (NYSE:ANF) increased on 11/16/17 and the net result is a -0.16 fall from the open. It has underperformed by 64.52% the S&P500.The move comes after 6 months negative chart setup for the $854.49M company. By geography, net sales increased 4 percent to 554.7 million dollars in the USA and 5 percent to 304.4 million dollars in worldwide markets over past year. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $16.99. Typically, the Average True range (ATR) is based on 14 periods and can be calculated on an intra-day, daily, weekly or monthly basis.
Abercrombie & Fitch's GAAP net income per diluted share was 0.15 dollar for the third quarter ended October 28, 2017, compared to 0.12 dollar for the third quarter previous year. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 2.16. The company had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. Net sales were 859.1 million dollars, up 5 percent over a year ago, with comparable sales for the third quarter up 4 percent and changes in foreign currency exchange rates benefiting net sales by 1 percent.
The gross profit rate for the third quarter was 61.3 percent, 80 basis points lower than past year on a constant currency basis, as lower average unit cost was more than offset by lower average unit retail.
Abercrombie & Fitch Company (NYSE:ANF) released its quarterly earnings results on Friday. It is also expecting revenue for the quarter to be up by mid- to high-single digits. Shareholders of record on Friday, December 1st will be paid a $0.20 dividend. The ex-dividend date is Thursday, November 30th. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest has 0.04% invested in Abercrombie & Fitch Co.
Ahead of earnings, Abercrombie options traders were showing optimism. Finding companies that are considered leaders in their field may also be on the investor checklist. (ANF) most recent 13F filing, the company has 32 new institutional holders - accounting for 3.73 million shares of its common stock. Foot Locker said it incurred $7 million of hurricane-related costs, the majority of which related to damaged or lost inventory. Metropolitan Life Insurance Co.
Examining insider trading at Abercrombie & Fitch Co. NY now owns 109,533 shares of the apparel retailer's stock worth $1,951,000 after buying an additional 1,260 shares during the last quarter.