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Abercrombie & Fitch Co. Sees Unusually-High Trading Volume Following Better …

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Abercrombie Fitch Co. (NYSE:ANF) saw an uptick in trade volume on Friday following a improved than approaching gain announcement, MarketBeat reports. 13,359,106 shares altered hands during mid-day trading, an boost of 299% from a prior session’s volume of 3,348,818 shares.The batch final traded during $24.24 and had formerly sealed during $19.49.

The attire tradesman reported $0.48 EPS for a quarter, violence a Thomson Reuters’ accord guess of $0.22 by $0.26. During a same duration final year, a business posted $0.42 gain per share. The organisation warranted $878.60 million during a quarter, compared to researcher estimates of $864.65 million. The firm’s quarterly income was down 3.6% on a year-over-year basis.

The association also recently announced a quarterly dividend, that will be paid on Wednesday, Dec 9th. Stockholders of record on Tuesday, Dec 1st will be paid a $0.20 dividend. This represents a $0.80 annualized division and a division produce of 3.28%.

Several investigate firms have recently commented on ANF. Stifel Nicolaus validated a “buy” rating on shares of Abercrombie Fitch Co. in a investigate note on Friday. FBR Co. reissued a “hold” rating on shares of Abercrombie Fitch Co. in a investigate note on Friday. Vetr lowered Abercrombie Fitch Co. from a “hold” rating to a “sell” rating and set a $21.50 cost aim on a stock. in a news on Wednesday, Nov 4th. Topeka Capital Markets upgraded Abercrombie Fitch Co. from a “sell” rating to a “hold” rating and upped their aim cost for a batch from $17.00 to $20.00 in a news on Friday. Finally, Evercore ISI upgraded Abercrombie Fitch Co. from a “sell” rating to a “hold” rating in a investigate note on Friday. Six analysts have rated a batch with a sell rating, fifteen have reserved a reason rating, 5 have released a buy rating and one has released a clever buy rating to a company’s stock. The batch now has a accord rating of “Hold” and a accord aim cost of $21.74.

In other news, EVP Diane Chang sole 1,800 shares of a firm’s batch in a transaction antiquated Monday, Sep 21st. The batch was sole during an normal cost of $21.79, for a sum value of $39,222.00. Following a execution of a sale, a executive clamp boss now directly owns 36,983 shares in a company, valued during approximately $805,859.57. The sale was disclosed in a request filed with a SEC, that is permitted by this link.

The company’s marketplace capitalization is $1.68 billion. The stock’s 50-day relocating normal cost is $20.97 and a 200-day relocating normal cost is $20.92.

Abercrombie Fitch Co. (NYSE:ANF) is a tradesman that operates stores and direct-to-consumer operations. The Company operates by 3 business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores shred includes store operations in a United States and Puerto Rico. The International Stores shred includes store operations in Canada, Europe, Asia, Australia and a Middle East. The Direct-to-Consumer shred includes operations directly compared with on-line operations, both United States and international. AF sells products, including infrequent sportswear apparel, including weave and woven shirts, striking t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal caring products, and accessories for men, women and kids underneath a Abercrombie Fitch, abercrombie kids and Hollister brands. It also sells bras, underwear, personal caring products, sleepwear and at-home products for girls by Hollister underneath a Gilly Hicks brand.

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Article source: http://www.wkrb13.com/markets/916981/abercrombie-fitch-co-sees-unusually-high-trading-volume-following-better-than-expected-earnings-anf/

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