Abercrombie & Fitch (NYSE:ANF) Earning Somewhat Favorable News Coverage, Analysis Finds

Abercrombie & Fitch

Abercrombie & Fitch Q4 Results Beat View, But Dollar Tree Misses

Analysts await M/I Homes, Inc. It was reported on Mar, 7 by Barchart.com. Abercrombie & Fitch's revenue for the quarter was up 15.2% compared to the same quarter last year. equities analysts expect that Abercrombie & Fitch will post 0.39 earnings per share for the current fiscal year. ANF's profit will be $77.62M for 4.68 P/E if the $1.14 EPS becomes a reality.

Net income in the quarter surged 52% to $74.2 million or $1.05 per diluted share from $48.8 million or 71 cents in the same quarter past year. The results show Abercrombie's strategy shift is bearing fruit, and pushed the stock up the most in more than a month.

For the first quarter of 2018, Dollar Tree forecast consolidated net sales to range from $5.53 billion to $5.63 billion, based on low single-digit increase in same-store sales for the combined enterprise, and earnings per share of $1.18 to $1.25. The Firm operates through two divisions, Abercrombie and Hollister. It now has negative earnings. It offers 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 brand names.

US Produced Over 10 Million Barrels of Oil a Day in February
U.S crude production rose 0.8 percent from a week earlier to 10.37 million barrels per day (bpd) last week, according to the EIA. The declines in production from Angola are a boost for OPEC as it seeks to keep production curbed to maintain stable prices.

EVP of Sourcing, Chang Diane, sold 7,600 common shares of Abercrombie & Fitch Co. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Therefore 22% are positive. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $24.52.

High end retailer Abercrombie & Fitch Co. stock surged nearly 7% on Wednesday morning following the company announced its quarterly earnings results. The rating was maintained by Jefferies with "Buy" on Tuesday, March 22. (NYSE:ANF). Sls Mgmt Ltd Liability invested in 13.09% or 695,714 shares. Mizuho has "Neutral" rating and $150 target. The rating was downgraded by J.P. Morgan on Wednesday, November 1 to "Sell". Finally, Royal Bank of Canada boosted their target price on Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a "sector perform" rating in a report on Tuesday, November 21st. Telsey Advisory Group increased their target price on Abercrombie & Fitch from $12.00 to $17.00 and gave the company a "market perform" rating in a report on Monday, November 20th. The rating was maintained by Wolfe Research on Monday, November 20 with "Underperform". (NYSE:ANF) rating on Friday, May 27. The firm has "Outperform" rating given on Wednesday, July 26 by BMO Capital Markets. Robert W. Baird maintained Abercrombie & Fitch Co. (NYSE:ANF) earned "Buy" rating by Vetr on Friday, August 7.

Investors sentiment decreased to 1.23 in 2017 Q3. Its up 0.10, from 1.85 in 2017Q2. It increased, as 27 investors sold Abercrombie & Fitch Co. shares while 51 reduced holdings. 55 funds opened positions while 165 raised stakes. Shareholders of record on Friday, March 9th will be given a dividend of 0.20 per share by the apparel retailer on Monday, March 19th. It also upped World Fuel Svcs Corp (NYSE:INT) stake by 11,005 shares and now owns 160,388 shares. The California-based California Public Employees Retirement System has invested 0.01% in Abercrombie & Fitch Co. (NYSE:ANF). The Texas-based Maverick Limited has invested 0.05% in Abercrombie & Fitch Co. Envestnet Asset Management owns 0% invested in Abercrombie & Fitch Co. 11,920 were reported by Bluecrest Cap. Sentinel Communications Lba has invested 0.32% in Abercrombie & Fitch Co. (NYSE:ANF) for 1.26M shares. (NASDAQ:ILMN). Commonwealth Commercial Bank Of Aus holds 80 shares. Tci Wealth Advsr invested in 112 shares or 0% of the stock. Etrade Capital Mngmt Lc reported 2,040 shares. Kayne Anderson Rudnick Investment Management Ltd Liability Corp holds 106,759 shares or 0.19% of its portfolio.

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