Abercrombie & Fitch Company (NYSE:ANF) was downgraded by Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, June 12th. They presently have a $12.10 target price on the apparel retailer’s stock. Vetr‘s target price points to a potential downside of 3.43% from the company’s current price.

ANF has been the subject of several other research reports. Jefferies Group LLC reissued a “hold” rating and issued a $13.00 price target on shares of Abercrombie & Fitch Company in a research report on Wednesday, May 3rd. Cowen and Company dropped their price objective on shares of Abercrombie & Fitch Company from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Friday, March 3rd. Oppenheimer Holdings, Inc. reissued a “sell” rating on shares of Abercrombie & Fitch Company in a report on Thursday, March 2nd. Royal Bank Of Canada reissued a “sell” rating and issued a $12.00 price target on shares of Abercrombie & Fitch Company in a report on Monday, April 10th. Finally, Zacks Investment Research raised shares of Abercrombie & Fitch Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Twelve analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.05.

Analyst Recommendations for Abercrombie & Fitch Company (NYSE:ANF)

Abercrombie & Fitch Company (NYSE ANF) opened at 12.53 on Monday. Abercrombie & Fitch Company has a 12-month low of $10.50 and a 12-month high of $23.29. The stock’s market cap is $852.24 million. The stock has a 50 day moving average price of $12.85 and a 200-day moving average price of $12.37.

Abercrombie & Fitch Company (NYSE:ANF) last released its earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by $0.21. Abercrombie & Fitch Company had a negative net margin of 0.55% and a negative return on equity of 1.26%. The company had revenue of $661.10 million during the quarter, compared to the consensus estimate of $651.25 million. During the same quarter in the previous year, the business posted ($0.53) EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities analysts expect that Abercrombie & Fitch Company will post ($0.29) earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, June 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Wednesday, May 31st. Abercrombie & Fitch Company’s dividend payout ratio (DPR) is presently -296.29%.

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Hedge funds have recently modified their holdings of the company. Credit Agricole S A bought a new position in Abercrombie & Fitch Company during the fourth quarter worth about $120,000. Point72 Asia Hong Kong Ltd bought a new position in Abercrombie & Fitch Company during the first quarter worth about $149,000. Searle & CO. bought a new position in Abercrombie & Fitch Company during the fourth quarter worth about $152,000. Suntrust Banks Inc. boosted its position in Abercrombie & Fitch Company by 7.9% in the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock worth $152,000 after buying an additional 931 shares in the last quarter. Finally, Frontier Wealth Management LLC bought a new position in Abercrombie & Fitch Company during the fourth quarter worth about $180,000.

Abercrombie & Fitch Company Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

To view Vetr’s full report, visit Vetr’s official website.

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