Abercrombie & Fitch Co. (ANF) Stock Rating Reaffirmed by Stifel Nicolaus
Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a report released on Monday.
Other analysts have also recently issued research reports about the company. Standpoint Research raised Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Jefferies Group reissued a “buy” rating on shares of Abercrombie & Fitch Co. in a research report on Tuesday, August 23rd. Vetr raised Abercrombie & Fitch Co. from a “sell” rating to a “buy” rating and set a $20.70 price objective for the company in a research report on Tuesday, August 2nd. Zacks Investment Research raised Abercrombie & Fitch Co. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $20.00 target price (down previously from $23.00) on shares of Abercrombie & Fitch Co. in a research note on Monday, August 15th. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.43.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.49 on Monday. Abercrombie & Fitch Co. has a 12-month low of $14.00 and a 12-month high of $32.83. The firm’s 50-day moving average price is $15.50 and its 200 day moving average price is $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. (NYSE:ANF) last posted its quarterly earnings data on Friday, November 18th. The apparel retailer reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.19. The business 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%. Abercrombie & Fitch Co.’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. On average, analysts predict that Abercrombie & Fitch Co. will post $0.46 earnings per share for the current year.
The company 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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Wednesday, November 30th. Abercrombie & Fitch Co.’s payout ratio is 421.05%.
In other news, Director Craig R. Stapleton bought 10,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were bought at an average price of $17.65 per share, with a total value of $176,500.00. Following the completion of the transaction, the director now directly owns 57,398 shares in the company, valued at $1,013,074.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bonadies Fran Horowitz bought 15,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 44,701 shares of the company’s stock, valued at $774,221.32. The disclosure for this purchase can be found here. 0.85% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in ANF. Panagora Asset Management Inc. raised 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 worth $113,000 after buying an additional 3,302 shares in the last quarter. Quantbot Technologies LP bought a new stake in Abercrombie & Fitch Co. during the second quarter worth $139,000. Macquarie Group Ltd. bought a new stake in Abercrombie & Fitch Co. during the second quarter worth $169,000. Teacher Retirement System of Texas raised its stake in 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. Finally, Suntrust Banks Inc. bought a new stake in Abercrombie & Fitch Co. during the third quarter worth $172,000.
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.
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