Media coverage about Abercrombie & Fitch (NYSE:ANF) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Abercrombie & Fitch earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the apparel retailer an impact score of 46.3913873938078 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Abercrombie & Fitch Co. (ANF) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Abercrombie & Fitch Co. (NYSE:ANF) – Hot Mover of the Day – Nasdaq Journal (press release) (nasdaqjournal.com)
- Top-notch Stocks to Watch: Abercrombie & Fitch Co. (ANF), The Goldman Sachs Group, Inc. (GS) – Market Movers (financialqz.com)
- What Wall Street Is Saying about American Eagle Outfitters (finance.yahoo.com)
- Analyst Echoes Predictions Amazon Will Buy Retailer: ‘Downtrodden Big Box, Department Store Player’ (benzinga.com)
A number of brokerages have recently weighed in on ANF. Bank of America set a $9.00 price target on Abercrombie & Fitch and gave the company a “sell” rating in a report on Monday, November 20th. Royal Bank of Canada upped their price objective on Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 21st. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, November 21st. Jefferies Group boosted their price target on Abercrombie & Fitch from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, December 18th. Finally, TheStreet upgraded Abercrombie & Fitch from a “d+” rating to a “c-” rating in a research report on Friday, November 24th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.13.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The company had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. During the same quarter last year, the company earned $0.02 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. equities analysts forecast that Abercrombie & Fitch will post 0.09 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Abercrombie & Fitch (NYSE:ANF) Share Price” was first reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://weekherald.com/2018/01/16/abercrombie-fitch-anf-earning-somewhat-favorable-press-coverage-accern-reports.html.
About Abercrombie & Fitch
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. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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