Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a note issued to investors on Monday. They currently have a $12.00 price objective on the apparel retailer’s stock, down from their previous price objective of $20.00. Royal Bank Of Canada’s price target would indicate a potential downside of 17.81% from the stock’s previous close.

Several other research firms have also commented on ANF. Vetr lowered shares of Abercrombie & Fitch Co. from a “strong-buy” rating to a “buy” rating and set a $15.36 price target for the company. in a report on Tuesday, November 1st. FBR & Co reduced their target price on shares of Abercrombie & Fitch Co. from $22.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, August 31st. Robert W. Baird reissued a “neutral” rating and set a $21.00 target price (down from $23.00) on shares of Abercrombie & Fitch Co. in a research note on Wednesday, August 31st. KeyCorp reduced their target price on shares of Abercrombie & Fitch Co. from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, August 31st. Finally, Mizuho reduced their target price on shares of Abercrombie & Fitch Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company’s stock. Abercrombie & Fitch Co. presently has an average rating of “Hold” and a consensus price target of $21.10.

Analyst Recommendations for Abercrombie & Fitch Co. (NYSE:ANF)

Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 14.60 on Monday. The firm has a 50-day moving average price of $15.57 and a 200-day moving average price of $18.97. Abercrombie & Fitch Co. has a 12 month low of $14.00 and a 12 month high of $32.83. The stock has a market cap of $987.85 million, a price-to-earnings ratio of 21.47 and a beta of 1.31.

Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Friday, November 18th. The apparel retailer reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.19. Abercrombie & Fitch Co. had a net margin of 0.38% and a return on equity of 1.50%. The business earned $821.70 million during the quarter. During the same period in the previous year, the business earned $0.48 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts expect that Abercrombie & Fitch Co. will post $0.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, December 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Wednesday, November 30th. Abercrombie & Fitch Co.’s payout ratio is 421.05%.

In related news, Director Craig R. Stapleton bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average cost of $17.65 per share, for a total transaction of $176,500.00. Following the purchase, the director now directly owns 57,398 shares in the company, valued at $1,013,074.70. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Bonadies Fran Horowitz bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were bought at an average price of $17.32 per share, with a total value of $259,800.00. Following the completion of the purchase, the insider now owns 44,701 shares in the company, valued at $774,221.32. The disclosure for this purchase can be found here. Corporate insiders own 0.85% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Abercrombie & Fitch Co. by 14.2% in the second quarter. Principal Financial Group Inc. now owns 258,523 shares of the apparel retailer’s stock valued at $4,604,000 after buying an additional 32,134 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Abercrombie & Fitch Co. by 12.4% in the second quarter. Teacher Retirement System of Texas now owns 9,546 shares of the apparel retailer’s stock worth $170,000 after buying an additional 1,053 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Abercrombie & Fitch Co. by 303.4% in the third quarter. Virginia Retirement Systems ET AL now owns 72,200 shares of the apparel retailer’s stock worth $1,147,000 after buying an additional 54,300 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Abercrombie & Fitch Co. by 31.5% in the second quarter. Schroder Investment Management Group now owns 160,527 shares of the apparel retailer’s stock worth $2,859,000 after buying an additional 38,486 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Abercrombie & Fitch Co. by 36.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 326,312 shares of the apparel retailer’s stock worth $5,811,000 after buying an additional 86,857 shares in the last quarter.

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

Receive News & Stock Ratings for Abercrombie & Fitch Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Co. and related stocks with our FREE daily email newsletter.