Shares in Abercrombie & Fitch Company (ANF) Purchased by Contrarius Investment Management Ltd
18 November, 2017, 01:41 | Author: Valerie Burke
Revenue climbed 5% on a 4% rise in comparable-store sales, with the Hollister store brand leading the way higher with 8% growth in comps. Also, a -22.96% overturn in Abercrombie & Fitch Co.
The gross profit rate for the third quarter was 61.3 percent, 80 basis points lower than previous year on a constant currency basis, as lower average unit cost was more than offset by lower average unit retail. During the same quarter in the prior year, the company posted ($0.25) earnings per share.
Abercrombie & Fitch Company (NYSE:ANF) had a decrease of 1.05% in short interest. If you are reading this piece on another publication, it was illegally copied and reposted in violation of USA & global trademark & copyright law. Lorber David A bought a new position in shares of Abercrombie & Fitch in the third quarter worth $126,000. Zacks Investment Research cut Abercrombie & Fitch from a "hold" rating to a "sell" rating in a report on Tuesday, August 8th. The stock price dropped with downswing change of -3.00% when it was compared to 20-day moving average. Abercrombie & Fitch Co. had 98 analyst reports since August 7, 2015 according to SRatingsIntel. Finally, Argus raised Abercrombie & Fitch from a "sell" rating to a "hold" rating in a research report on Monday, October 2nd. A total number of 3 analysts provided estimations over revenues.
If we look at the past company's performance moves, then it recent movement are telling different stories about price movement in different time period.
Shares of the company, which also beat its third-quarter net sales and profit estimates, jumped 25 percent to $15.09 in premarket trading on Friday. Analyzing the last five market sessions, the stock was able to report 3.04% gains, thus going up by 3.64%, compared with its 200-day moving average of $12.27. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.27. The stock's 52-week range is $8.81 to $16.99, and its 3-month range is $9.03 to $14.82.
By brand, net sales for the third quarter increased 10 percent to 508.1 million dollars for Hollister and decreased 2 percent to 351 million dollars for Abercrombie over a year ago. About 708,758 shares traded. Investec Asset Management Ltd now holds 342,440 shares valued at $4,945,000. Dimensional Fund Advisors LP increased its stake in shares of Abercrombie & Fitch by 0.8% in the second quarter. Shares are looking to open at 11 month highs and are now trading in the premarket at $15.53.
The stock of Abercrombie & Fitch Co. Stockholders of record on Friday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 30th. 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. Abercrombie & Fitch Company (NYSE:ANF)'s price to free cash flow for trailing twelve months is 0.
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.
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.
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