Abercrombie & Fitch Co. (NYSE:ANF) had its price target dropped by research analysts at FBR & Co. from $24.00 to $22.00 in a research note issued on Friday. The brokerage currently has a “mkt perform” rating on the apparel retailer’s stock. FBR & Co.’s target price points to a potential upside of 4.02% from the stock’s current price.
Other large investors have recently bought and sold shares of the company. CIBC World Markets Inc. purchased a new stake in Abercrombie & Fitch Co. during the first quarter worth about $249,000. AMP Capital Investors Ltd purchased a new stake in Abercrombie & Fitch Co. during the first quarter worth about $298,000. Panagora Asset Management Inc. increased its stake in Abercrombie & Fitch Co. by 208.2% in the first quarter. Panagora Asset Management Inc. now owns 11,718 shares of the apparel retailer’s stock worth $370,000 after buying an additional 7,916 shares during the period. Commonwealth Equity Services Inc purchased a new stake in Abercrombie & Fitch Co. during the first quarter worth about $408,000. Finally, BlueMountain Capital Management LLC increased its stake in Abercrombie & Fitch Co. by 675.2% in the first quarter. BlueMountain Capital Management LLC now owns 12,938 shares of the apparel retailer’s stock worth $408,000 after buying an additional 11,269 shares during the period.
Other equities research analysts have also issued research reports about the company. Vetr lowered Abercrombie & Fitch Co. from a “hold” rating to a “sell” rating and set a $23.56 price target on the stock. in a research report on Monday, February 15th. Wunderlich reaffirmed a “hold” rating and issued a $21.00 price target on shares of Abercrombie & Fitch Co. in a research report on Monday. Telsey Advisory Group reduced their price target on Abercrombie & Fitch Co. from $34.00 to $24.00 and set a “market perform” rating on the stock in a research report on Friday. Goldman Sachs reaffirmed a “sell” rating on shares of Abercrombie & Fitch Co. in a research report on Monday, May 16th. Finally, Credit Suisse reduced their price target on Abercrombie & Fitch Co. from $19.00 to $18.00 and set an “underperform” rating on the stock in a research report on Friday. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.91.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 3.4161% during midday trading on Friday, hitting $20.4275. 1,802,160 shares of the stock were exchanged. The firm has a market cap of $1.38 billion and a PE ratio of 40.0539. The firm’s 50-day moving average is $26.40 and its 200 day moving average is $26.87. Abercrombie & Fitch Co. has a 52-week low of $15.42 and a 52-week high of $32.83.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its earnings results on Thursday, May 26th. The apparel retailer reported ($0.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.08. During the same quarter last year, the firm posted ($0.53) earnings per share. The company earned $685.50 million during the quarter, compared to analysts’ expectations of $709.48 million. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, analysts forecast that Abercrombie & Fitch Co. will post $1.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Stockholders of record on Friday, June 3rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, June 1st.
Abercrombie & Fitch Co (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East.
