Shares of Abercrombie & Fitch Co. (NYSE:ANF) fell 13.8% during mid-day trading on Friday following a dissappointing earnings announcement. The company traded as low as $14.19 and last traded at $14.60, with a volume of 17,950,581 shares changing hands. The stock had previously closed at $16.93.

The apparel retailer reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.19. The business earned $821.70 million during the quarter, compared to analysts’ expectations of $832.48 million. Abercrombie & Fitch Co. had a return on equity of 3.98% and a net margin of 1.36%. Abercrombie & Fitch Co.’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, December 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Wednesday, November 30th. Abercrombie & Fitch Co.’s dividend payout ratio (DPR) is presently 119.40%.

Several brokerages have recently issued reports on ANF. Standpoint Research upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Credit Suisse Group AG reiterated a “sell” rating and issued a $18.00 target price on shares of Abercrombie & Fitch Co. in a research note on Friday, August 26th. Mizuho dropped their target price on shares of Abercrombie & Fitch Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 25th. Jefferies Group reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Tuesday, August 23rd. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $20.00 target price (down previously from $23.00) on shares of Abercrombie & Fitch Co. in a research note on Monday, August 15th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.64.

In related news, insider Bonadies Fran Horowitz acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average price of $17.32 per share, for a total transaction of $259,800.00. Following the acquisition, the insider now directly owns 44,701 shares of the company’s stock, valued at approximately $774,221.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig R. Stapleton acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were bought at an average price of $17.65 per share, with a total value of $176,500.00. Following the acquisition, the director now directly owns 57,398 shares in the company, valued at $1,013,074.70. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Abercrombie & Fitch Co. by 11.6% in the second quarter. Vanguard Group Inc. now owns 7,408,956 shares of the apparel retailer’s stock worth $131,954,000 after buying an additional 767,144 shares during the last quarter. FMR LLC raised its stake in shares of Abercrombie & Fitch Co. by 3.0% in the second quarter. FMR LLC now owns 6,768,300 shares of the apparel retailer’s stock worth $120,543,000 after buying an additional 200,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Abercrombie & Fitch Co. by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,951,547 shares of the apparel retailer’s stock worth $70,376,000 after buying an additional 381,957 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Abercrombie & Fitch Co. by 6.6% in the third quarter. BlackRock Fund Advisors now owns 3,552,806 shares of the apparel retailer’s stock worth $56,454,000 after buying an additional 218,534 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Abercrombie & Fitch Co. by 2.2% in the second quarter. State Street Corp now owns 3,389,409 shares of the apparel retailer’s stock worth $60,368,000 after buying an additional 72,293 shares during the last quarter.

The firm’s 50 day moving average price is $15.54 and its 200 day moving average price is $19.34. The company has a market capitalization of $987.85 million, a P/E ratio of 21.47 and a beta of 1.31.

About Abercrombie & Fitch Co.

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

5 Day Chart for NYSE:ANF

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