Abercrombie & Fitch: Q3 GAAP net income increases to 0.15 dollar
18 November, 2017, 01:42 | Author: Terri Saunders
Institutional investors own 98.51% of the company's stock. Legal & General Group Plc boosted its stake in shares of Abercrombie & Fitch Company by 13.0% in the second quarter. 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. On Wednesday, August 31 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The stock has risen more than 20% in the past two sessions, and investors appear to be optimistic about the prospects for its existing games, its in-house original content, and its collaborations with outside developers like Minecraft producer Mojang.
Shares of Abercrombie & Fitch Company (NYSE:ANF) traded down $0.10 during mid-day trading on Friday, hitting $12.55.
In taking a look at technical levels, shares are trading 11.50% away from the 50 day simple moving average and 24.35% away from the 200 day simple moving average.
The company now has a P/E ratio of N/A and market capitalization is 1.06B. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $16.99.
While having a peek at profitability ratios Abercrombie & Fitch Company (NYSE:ANF) has trailing twelve month gross margin at 60.2%, its trailing twelve month operating margin stands at -0.3% whereas its trailing twelve month net profit margin spots at -0.6%. The business had revenue of $859.10 million for the quarter, compared to analysts' expectations of $818.41 million. Their revenue meanwhile grew by 14.74% from the last quarter, totaling $758.55 million. The company's revenue was up 4.6% on a year-over-year basis. Excluding charges, Foot Locker earned adjusted earnings of $.87 per share, more than analysts had expected. Earnings surprises can have a huge impact on a company's stock price. 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. The ex-dividend date of this dividend is Thursday, November 30th. The SI to Abercrombie & Fitch Company's float is 22.36%.
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Following trading activity for Abercrombie & Fitch Co.(NYSE:ANF), we can see that the stock has moved onto today's list of most actives. Stifel Nicolaus reissued a "hold" rating on shares of Abercrombie & Fitch Company in a research report on Monday, November 21st. Standpoint Research cut Abercrombie & Fitch from an "outperform" rating to a "hold" rating in a report on Friday. DVA was included in 4 notes of analysts from September 6, 2016. Finally, Citigroup Inc. upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and increased their price objective for the company from $14.00 to $16.00 in a report on Friday, August 25th. This is an indication of a hold consensus from the analysts' society. (NYSE:ANF) has 20 days moving average price of -3.00% from last close price of 12.55 and act as support or resistance of price limit.
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements.
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