Short Call at News Buzzer: Abercrombie & Fitch Co. (NYSE:ANF), L Brands, Inc. (NYSE:LB)

Abercrombie & Fitch Co. (NYSE:ANF) [Trend Analysis] moved up reacts as active mover, shares an increase 13.94% to traded at $13.32 and the percentage gap between open changing to regular change was 7.10%. Abercrombie & Fitch Co. (ANF) declared GAAP net income per share of $0.71 for the fourth quarter ended January 28, 2017, compared to $0.85 for the fourth quarter last year. The net effect of changes in foreign currency exchange rates on a year-over-year basis adversely impacted fourth quarter results by approximately $0.05 per share.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.75 for the quarter. Analysts’ estimates typically exclude special items.Net income attributable to Abercrombie & Fitch Co. for the fourth quarter was $48.8 million, compared to $57.7 million last year. Excluding certain items, adjusted non-GAAP net income attributable to Abercrombie & Fitch Co. for the fourth quarter last year was $73.7 million.Net sales for the fourth quarter were $1.04 billion, down 7% from last year, with comparable sales for the fourth quarter down 5%. Analysts expected revenue of $1.05 billion for the quarter. The firm’s current ratio calculated as 2.20 for the most recent quarter. The firm past twelve months price to sales ratio was 0.27 and price to cash ratio remained 1.93. As far as the returns are concern, the return on equity was recorded as 1.00% and return on investment was 3.50% while its return on asset stayed at 0.50%. The firm has total debt to equity ratio measured as 0.28.

L Brands, Inc. (NYSE:LB) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.12% to $53.41. L Brands, Inc. (LB) declared net sales of $765.5 million for the four weeks ended February 25, 2017, a decrease of 10 percent from net sales of $849.3 million in the year-ago period. Comparable sales for the month reduced 13 percent.For February, the exit of the swim and apparel categories had a negative impact of 6 percentage points and 8 percentage points to total company and Victoria’s Secret comparable sales, respectively. The share price of LB attracts active investors, as stock price of week volatility recorded 3.32%. The stock is going forward to its 52-week low with 11.43% and lagging behind from its 52-week high price with -37.62%.

 

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