Abercrombie & Fitch Co. (NYSE:ANF)’s share price gapped down prior to trading on Monday following a dissappointing earnings announcement. The stock had previously closed at $14.15, but opened at $14.60. Abercrombie & Fitch Co. shares last traded at $14.81, with a volume of 3,943,193 shares trading hands.

The apparel retailer reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.19. Abercrombie & Fitch Co. had a return on equity of 1.50% and a net margin of 0.38%. The company earned $821.70 million during the quarter. During the same period in the previous year, the business earned $0.48 EPS. Abercrombie & Fitch Co.’s revenue was down 6.5% compared to the same quarter last year.

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

ANF has been the subject of several recent research reports. Standpoint Research upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Jefferies Group reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research report on Tuesday, August 23rd. Vetr upgraded shares of Abercrombie & Fitch Co. from a “sell” rating to a “buy” rating and set a $20.70 target price for the company in a research report on Tuesday, August 2nd. Stifel Nicolaus cut shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and upped their target price for the company from $18.05 to $24.00 in a research report on Wednesday, August 31st. Finally, Zacks Investment Research upgraded shares of Abercrombie & Fitch Co. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. Abercrombie & Fitch Co. presently has a consensus rating of “Hold” and a consensus price target of $20.64.

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

Several hedge funds have recently bought and sold shares of ANF. Panagora Asset Management Inc. raised its stake in shares of Abercrombie & Fitch Co. by 86.8% in the third quarter. Panagora Asset Management Inc. now owns 7,104 shares of the apparel retailer’s stock worth $113,000 after buying an additional 3,302 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Abercrombie & Fitch Co. during the second quarter worth $139,000. AMP Capital Investors Ltd bought a new stake in shares of Abercrombie & Fitch Co. during the first quarter worth $298,000. Macquarie Group Ltd. bought a new stake in shares of Abercrombie & Fitch Co. during the second quarter worth $169,000. Finally, Teacher Retirement System of Texas raised its stake 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.

The company has a market cap of $1.00 billion, a PE ratio of 21.78 and a beta of 1.31. The firm’s 50 day moving average price is $15.57 and its 200 day moving average price is $18.97.

Abercrombie & Fitch Co. Company Profile

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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