Abercrombie & Fitch Co. (NYSE:ANF) has been given a $12.00 price target by Mizuho in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Mizuho’s target price would suggest a potential downside of 22.53% from the stock’s previous close.

Several other brokerages have also issued reports on ANF. RBC Capital Markets lowered shares of Abercrombie & Fitch Co. from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from $20.00 to $12.00 in a research note on Monday. FBR & Co reissued an “underperform” rating on shares of Abercrombie & Fitch Co. in a research report on Monday. Telsey Advisory Group cut their price objective on shares of Abercrombie & Fitch Co. from $19.00 to $16.00 and set a “market perform” rating on the stock in a research report on Monday. Royal Bank Of Canada downgraded shares of Abercrombie & Fitch Co. from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $20.00 to $12.00 in a research report on Monday. Finally, Vetr raised shares of Abercrombie & Fitch Co. from a “sell” rating to a “buy” rating and set a $15.43 price objective on the stock in a research report on Monday. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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 Monday. The firm has a 50-day moving average of $15.50 and a 200 day moving average of $18.69. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 22.78 and a beta of 1.31. Abercrombie & Fitch Co. has a 12 month low of $14.00 and a 12 month high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings data 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 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. The company’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts expect that Abercrombie & Fitch Co. will post $0.46 earnings per share for the current year.

The company also recently disclosed 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 5.16%. The ex-dividend date of this dividend is Wednesday, November 30th. Abercrombie & Fitch Co.’s payout ratio is 421.05%.

In other 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 purchased at an average cost of $17.32 per share, for a total transaction of $259,800.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig R. Stapleton acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average price of $17.65 per share, with a total value of $176,500.00. Following the completion of the acquisition, the director now directly owns 57,398 shares of the company’s stock, valued at $1,013,074.70. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Mizuho Securities USA Inc. purchased a new stake in Abercrombie & Fitch Co. during the second quarter valued at $356,000. Nordea Investment Management AB increased its stake in Abercrombie & Fitch Co. by 14.9% in the second quarter. Nordea Investment Management AB now owns 104,137 shares of the apparel retailer’s stock valued at $1,855,000 after buying an additional 13,538 shares during the last quarter. Fox Run Management L.L.C. increased its stake in Abercrombie & Fitch Co. by 79.7% in the second quarter. Fox Run Management L.L.C. now owns 30,900 shares of the apparel retailer’s stock valued at $550,000 after buying an additional 13,700 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Abercrombie & Fitch Co. during the second quarter valued at $178,000. Finally, Alpha Windward LLC increased its stake in Abercrombie & Fitch Co. by 10.8% in the second quarter. Alpha Windward LLC now owns 16,620 shares of the apparel retailer’s stock valued at $296,000 after buying an additional 1,620 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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