BidaskClub upgraded shares of Abercrombie & Fitch Company (NYSE:ANF) from a strong sell rating to a sell rating in a report issued on Saturday.

A number of other analysts have also issued reports on ANF. Royal Bank Of Canada set a $12.00 price target on shares of Abercrombie & Fitch and gave the stock a sell rating in a research note on Saturday, May 13th. Jefferies Group LLC set a $12.00 price target on shares of Abercrombie & Fitch and gave the stock a hold rating in a research note on Friday. Zacks Investment Research lowered shares of Abercrombie & Fitch from a hold rating to a sell rating in a research note on Tuesday, August 8th. William Blair restated a buy rating on shares of Abercrombie & Fitch in a research note on Friday. Finally, BMO Capital Markets set a $14.00 target price on shares of Abercrombie & Fitch and gave the stock a hold rating in a research note on Tuesday, August 8th. Eleven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $13.27.

Abercrombie & Fitch (NYSE:ANF) opened at 12.61 on Friday. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $23.29. The firm’s market cap is $858.64 million. The firm’s 50-day moving average price is $9.80 and its 200-day moving average price is $11.57.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.17. The company had revenue of $779 million for the quarter, compared to analyst estimates of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) earnings per share. Equities research analysts predict that Abercrombie & Fitch will post ($0.09) earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, September 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 6.34%. The ex-dividend date of this dividend is Wednesday, August 30th. Abercrombie & Fitch’s payout ratio is -258.06%.

Several hedge funds and other institutional investors have recently made changes to their positions in ANF. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Abercrombie & Fitch during the second quarter worth $114,000. Northwestern Mutual Investment Management Company LLC purchased a new position in shares of Abercrombie & Fitch during the second quarter worth $208,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Abercrombie & Fitch during the first quarter worth $149,000. Suntrust Banks Inc. boosted its position in shares of Abercrombie & Fitch 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, State of Alaska Department of Revenue boosted its position in shares of Abercrombie & Fitch by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock worth $167,000 after buying an additional 5,957 shares in the last quarter. Institutional investors and hedge funds own 98.62% of the company’s stock.

Abercrombie & Fitch 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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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