Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “underweight” rating restated by investment analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday.

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. Vetr upgraded shares of Abercrombie & Fitch Co. from a “sell” rating to a “buy” rating and set a $20.70 target price on the stock in a report on Tuesday, August 2nd. Jefferies Group restated a “buy” rating on shares of Abercrombie & Fitch Co. in a report on Tuesday, August 23rd. Stifel Nicolaus downgraded shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and raised their target price for the stock from $18.05 to $24.00 in a report on Wednesday, August 31st. Finally, Deutsche Bank AG restated a “hold” rating and set a $20.00 target price (down from $23.00) on shares of Abercrombie & Fitch Co. in a report on Monday, August 15th. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.23.

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

Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.47% during mid-day trading on Tuesday, reaching $14.85. 3,011,502 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $15.41 and a 200-day moving average price of $18.43. Abercrombie & Fitch Co. has a 1-year low of $14.00 and a 1-year high of $32.83. The stock has a market cap of $1.01 billion, a P/E ratio of 78.99 and a beta of 1.31.

Abercrombie & Fitch Co. (NYSE:ANF) last announced its quarterly earnings results on Friday, November 18th. The apparel retailer reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Abercrombie & Fitch Co.’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Equities research analysts anticipate that Abercrombie & Fitch Co. will post $0.01 EPS for the current fiscal 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 given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Wednesday, November 30th. Abercrombie & Fitch Co.’s dividend payout ratio is presently 421.05%.

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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. 0.85% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in ANF. 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. Quantbot Technologies LP purchased a new stake in Abercrombie & Fitch Co. during the second quarter valued at $139,000. Macquarie Group Ltd. purchased a new stake in Abercrombie & Fitch Co. during the second quarter valued at $169,000. Teacher Retirement System of Texas boosted 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 valued at $170,000 after buying an additional 1,053 shares during the period. Finally, Suntrust Banks Inc. purchased a new stake in Abercrombie & Fitch Co. during the third quarter valued at $172,000.

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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