Vetr Inc. Downgrades Abercrombie & Fitch Company (ANF) to Sell
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.
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%.
TRADEMARK VIOLATION NOTICE: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/06/19/vetr-inc-downgrades-abercrombie-fitch-company-anf-to-sell-updated.html.
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.
Receive News & Stock Ratings for Abercrombie & Fitch Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Company and related stocks with our FREE daily email newsletter.