Published: Fri, November 17, 2017
Business | By Max Garcia

Technical chart analysis on Abercrombie & Fitch Co. (ANF)

Technical chart analysis on Abercrombie & Fitch Co. (ANF)

Excluding certain items, the company reported adjusted non-GAAP net income per diluted share of 0.30 dollar for the quarter, compared to 0.02 dollar past year. Stifel Nicolaus reissued a "hold" rating on shares of Abercrombie & Fitch Company in a research report on Monday, November 21st. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.

On September 28 Jefferies Group LLC left the company rating at "Hold" projecting a price of $12.00. The biggest holder now is Michael S. Jeffries who owns 807,856 shares (1.19% of those outstanding), whilst Mr. Christos E. Angelides holds 115,387 (0.17% of shares outstanding) and Mr. Robert S. Singer holds 108,760 (0.16% of shares outstanding). FBR & Co cut their price target on shares of Abercrombie & Fitch from $13.00 to $11.00 and set a neutral rating on the stock in a report on Tuesday, August 15th. 9 shares have been traded.

"The Hollister improvements, strides at A&F, and still solid balance sheet suggest a longer tail to the ANF story", RBC Capital Markets analyst Brian Tunick wrote in a client note. The company rocked its 52-Week High of $16.99 and touched its 52-Week Low of $8.81. The stock price of ANF is moving down from its 20 days moving average with -3.00% and isolated negatively from 50 days moving average with -7.27%.

Shares of Abercrombie & Fitch (ANF) traded down $0.10 during trading on Friday, reaching $12.55. As of the latest earnings report the EPS was $-0.32 with 68.09M shares now outstanding. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. For the quarter, shares are performing at 29.92%. A gross profit rate is anticipated to be down approximately 100 basis points to last year's rate of 59.3 percent, in line with the third quarter year-over-year decline. If the published price targets set by Abercrombie & Fitch Co. analysts have any power to influence the stock's share price, the highest price target set for ANF is $16. Shareholders must be on record as of December 1, 2017 to receive this dividend. The ex-dividend date is Wednesday, March 1st. This represents a $0.80 dividend on an annualized basis and a yield of 6.32%.

Having a peek at growth estimates of the company, Abercrombie & Fitch Company (NYSE:ANF) has current quarter growth estimates of 1000% however it has 6.7% estimations over growth for the next quarter. Many investors will take notice if a company posts a much larger earnings beat or miss than expected.

Among 30 analysts covering Abercrombie & Fitch Co. The stock is a Buy among 14 brokerage firms polled by Factset Research.

Nippon Life Insurance Company increased Cboe Hldgs Inc (NASDAQ:CBOE) stake by 3,936 shares to 23,517 valued at $2.15M in 2017Q2.

Examining insider trading at Abercrombie & Fitch Co. Balyasny Asset Management LLC claims 318,130 shares with a value of $4,594,000.

Examining Institutional Ownership at Abercrombie & Fitch Co. As of quarter end Geode Capital Management, LLC had bought a total of 9,135 shares growing its position 1.7%. Finally, Stifel Financial Corp boosted its stake in shares of Abercrombie & Fitch Company by 53.6% in the second quarter.

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. The Firm offers an array of apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven trousers, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

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