The Abercrombie & Fitch Company (ANF) Receives Buy Rating from Mizuho

Nov 18, 2017, 00:41
The Abercrombie & Fitch Company (ANF) Receives Buy Rating from Mizuho

Volume gives an investor an inspiration of the price action of a security and whether he should buy or sell the security.

Ahead of earnings, Abercrombie options traders were showing optimism. FBR Capital downgraded Abercrombie & Fitch Co. Finally, Paradice Investment Management LLC increased its stake in shares of Abercrombie & Fitch by 19.2% in the third quarter. BlackRock Fund Advisors is the second biggest holder with 6 million shares now valued at 82.49 million whilst Fidelity Management and Research Company has 6 million shares valued at 74.02 million.

Investors sentiment decreased to 0.95 in 2017 Q2.

Abercrombie & Fitch Company (NYSE:ANF) has grabbed attention from the analysts, when it saw a value decrease of -0.79% or -0.1 points in the last trading session to close at $12.55.

Tightening the gaze, stock performance for the last 5 trading days is 3.04%. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.27. Performance at Hollister was impressive once again, with comparable sales up 8%, while comps dipped 2% at namesake Abercrombie & Fitch stores.

On Friday before the market opened, Abercrombie & Fitch ($ANF) announced third quarter earnings that crushed analyst estimates and sent shares soaring in the premarket.

In terms of earnings per share, 22 analysts have a 0.75 EPS mean target for the quarter ending Jan-17, for the quarter ending Apr-18, 7 analysts have a -0.71 EPS mean target and for the quarter ending Apr-18 there are 22 estimates of -0.05 EPS.

Revenues rose 4.6% from a year ago to $859.1 million, also blowing away analysts' view for $818.41 million. (NYSE:ANF). Barclays Public Ltd has 0% invested in Abercrombie & Fitch Co.

Revenue of $859.10 million reported in the third quarter of 2017 was also a boon to ANF stock. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer's stock valued at $8,796,000 after acquiring an additional 111,171 shares during the last quarter. The ex-dividend date is Thursday, November 30th. It dropped, as 38 investors sold Abercrombie & Fitch Co. shares while 56 reduced holdings.

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The positive news for ANF stock starts out with earnings per share of 30 cents for the quarter. (NYSE:ANF) for 305,892 shares.

September 28 investment analysts at Jefferies Group LLC kept the stock rating at "Hold" projecting a price of $12.00. The legal version of this piece can be viewed at Abercrombie & Fitch Company (NYSE:ANF)'s ATR-14 is at 0.54, while its weekly volatility is at 4.92% and monthly volatility is at 4.16%.

"The reduction and reorganization of our corporate and division staff during the quarter, while a hard decision, was a critical step in positioning us for success as we navigate through the tremendous disruption affecting our customers and the retail industry in general", said Richard Johnson, chairman and CEO. The forecast of 2 surveyed investment analysts covering the stock advises investors to Buy stake in the company.