Vetr cut shares of Abercrombie & Fitch Co. (NYSE:ANF) from a buy rating to a hold rating in a research note published on Tuesday morning. They currently have $14.40 target price on the apparel retailer’s stock.

ANF has been the subject of a number of other research reports. Mizuho cut their price objective on shares of Abercrombie & Fitch Co. from $21.00 to $19.00 and set a neutral rating for the company in a report on Thursday, August 25th. Deutsche Bank AG set a $18.00 price objective on shares of Abercrombie & Fitch Co. and gave the company a hold rating in a report on Tuesday, October 18th. Bank of America Corp. initiated coverage on shares of Abercrombie & Fitch Co. in a report on Wednesday, September 28th. They issued an underperform rating and a $16.00 price objective for the company. Argus reissued a hold rating on shares of Abercrombie & Fitch Co. in a report on Friday, September 23rd. Finally, Jefferies Group reissued a buy rating on shares of Abercrombie & Fitch Co. in a report on Tuesday, August 23rd. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $20.43.

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

Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.49 on Tuesday. The company has a 50 day moving average price of $15.50 and a 200 day moving average price of $18.69. 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 $1.05 billion, a P/E ratio of 22.78 and a beta of 1.31.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Wednesday, November 30th. Abercrombie & Fitch Co.’s dividend payout ratio (DPR) is presently 421.05%.

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

Institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. boosted its position 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 during the last quarter. Quantbot Technologies LP purchased a new position in shares of Abercrombie & Fitch Co. during the second quarter worth about $139,000. AMP Capital Investors Ltd purchased a new position in shares of Abercrombie & Fitch Co. during the first quarter worth about $298,000. Macquarie Group Ltd. purchased a new position in shares of Abercrombie & Fitch Co. during the second quarter worth about $169,000. Finally, 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 during the last quarter.

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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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