Abercrombie & Fitch Co. (NYSE:ANF) was upgraded by research analysts at Vetr from a “sell” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $15.43 price objective on the apparel retailer’s stock. Vetr‘s price target points to a potential upside of 5.68% from the stock’s current price.

Other analysts also recently issued reports about the stock. 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. RBC Capital Markets reiterated a “hold” rating and issued a $20.00 price target (down from $23.00) on shares of Abercrombie & Fitch Co. in a research report on Wednesday, August 31st. Deutsche Bank AG reiterated a “hold” rating and issued a $20.00 price target (down from $23.00) on shares of Abercrombie & Fitch Co. in a research report on Monday, August 15th. 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. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.64.

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

Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 14.60 on Monday. The company has a market capitalization of $987.85 million, a P/E ratio of 21.47 and a beta of 1.31. Abercrombie & Fitch Co. has a 52-week low of $14.00 and a 52-week high of $32.83. The firm has a 50-day moving average of $15.54 and a 200 day moving average of $19.34.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its earnings results on Friday, November 18th. The apparel retailer reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.19. The business earned $821.70 million during the quarter, compared to the consensus estimate of $832.48 million. Abercrombie & Fitch Co. had a net margin of 1.36% and a return on equity of 3.98%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. On average, analysts anticipate that Abercrombie & Fitch Co. will post $0.46 EPS for the current 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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.48%. The ex-dividend date is Wednesday, November 30th. Abercrombie & Fitch Co.’s payout ratio is 421.05%.

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

Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Abercrombie & Fitch Co. by 46.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 18,680 shares of the apparel retailer’s stock valued at $297,000 after buying an additional 5,900 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Abercrombie & Fitch Co. by 65.1% in the third quarter. Ameritas Investment Partners Inc. now owns 26,505 shares of the apparel retailer’s stock valued at $421,000 after buying an additional 10,449 shares during the period. Panagora Asset Management Inc. boosted its stake in 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 valued at $113,000 after buying an additional 3,302 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Abercrombie & Fitch Co. during the third quarter valued at $2,179,000. Finally, SECOR Capital Advisors LP purchased a new stake in Abercrombie & Fitch Co. during the third quarter valued at $215,000.

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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