Deutsche Bank AG cut shares of Abercrombie & Fitch Co. (NYSE:ANF) from a hold rating to a sell rating in a report published on Wednesday. They currently have $13.00 target price on the apparel retailer’s stock, down from their prior target price of $14.00. The analysts noted that the move was a valuation call.

Several other research firms have also issued reports on ANF. Vetr lowered Abercrombie & Fitch Co. from a strong-buy rating to a buy rating and set a $15.36 price target on the stock. in a research report on Tuesday, November 1st. FBR & Co reduced their price target on Abercrombie & Fitch Co. from $22.00 to $19.00 and set a market perform rating on the stock in a research report on Wednesday, August 31st. Stifel Nicolaus restated a hold rating on shares of Abercrombie & Fitch Co. in a research report on Monday. Robert W. Baird restated a neutral rating and issued a $21.00 price target (down from $23.00) on shares of Abercrombie & Fitch Co. in a research report on Wednesday, August 31st. Finally, KeyCorp reduced their price target on Abercrombie & Fitch Co. from $27.00 to $25.00 and set an overweight rating on the stock in a research report on Wednesday, August 31st. Nine investment 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. Abercrombie & Fitch Co. has an average rating of Hold and a consensus price target of $20.23.

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

Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.39 on Wednesday. Abercrombie & Fitch Co. has a 52-week low of $14.00 and a 52-week high of $32.83. The company’s 50-day moving average price is $15.49 and its 200 day moving average price is $18.66. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 81.86 and a beta of 1.31.

Abercrombie & Fitch Co. (NYSE:ANF) last announced its quarterly earnings data on Friday, November 18th. The apparel retailer reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.19. The firm earned $821.70 million during the quarter. Abercrombie & Fitch Co. had a net margin of 0.38% and a return on equity of 1.50%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. Equities analysts predict that Abercrombie & Fitch Co. will post $0.02 earnings per share for the current fiscal 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 given a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.80 annualized dividend and a yield of 5.20%. Abercrombie & Fitch Co.’s dividend payout ratio is currently 421.05%.

In related news, Director Craig R. Stapleton purchased 10,000 shares of the stock in a transaction dated Thursday, September 1st. The stock was 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 of the company’s stock, valued at $1,013,074.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Bonadies Fran Horowitz purchased 15,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were bought at an average price of $17.32 per share, with a total value 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 disclosure for this purchase can be found here. Company insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Abercrombie & Fitch Co. by 160.9% in the second quarter. AQR Capital Management LLC now owns 2,579,305 shares of the apparel retailer’s stock valued at $45,938,000 after buying an additional 1,590,722 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Abercrombie & Fitch Co. by 191.2% in the third quarter. Ameriprise Financial Inc. now owns 1,690,174 shares of the apparel retailer’s stock valued at $26,857,000 after buying an additional 1,109,787 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Abercrombie & Fitch Co. by 11.6% in the second quarter. Vanguard Group Inc. now owns 7,408,956 shares of the apparel retailer’s stock valued at $131,954,000 after buying an additional 767,144 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Abercrombie & Fitch Co. by 40.8% in the third quarter. JPMorgan Chase & Co. now owns 2,059,047 shares of the apparel retailer’s stock valued at $32,718,000 after buying an additional 596,364 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Abercrombie & Fitch Co. during the first quarter valued at $14,609,000.

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About Abercrombie & Fitch Co.

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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