Abercrombie & Fitch (NYSE: ANF) recently received a number of ratings updates from brokerages and research firms:

  • 9/12/2017 – Abercrombie & Fitch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Abercrombie outperformed the industry year to date driven by strategic capital investments, cost saving efforts, loyalty and marketing programs gaining traction. It posted solid quarterly results in a long time as both top and bottom-line beat in second-quarter fiscal 2017. This was Abercrombie’s first positive earnings surprise in last six quarters, following in-line results in first-quarter. Sales topped for the second straight quarter. The quarter marked a significant progress on its strategic initiatives and reflected strength in Hollister and direct-to-customer businesses. The company also provided an encouraging view for fiscal 2017 and the fiscal second half. Additionally, it expects foreign currency to be a tailwind going forward, reflecting slight gains in sales and operating income. However, Abercrombie’s namesake brand continued to weigh on performance. Moreover, margins remain strained due to a highly promotional backdrop.”
  • 9/5/2017 – Abercrombie & Fitch had its “outperform” rating reaffirmed by analysts at William Blair.
  • 9/1/2017 – Abercrombie & Fitch was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/31/2017 – Abercrombie & Fitch was upgraded by analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating. They now have a $14.00 price target on the stock, up previously from $12.00.
  • 8/26/2017 – Abercrombie & Fitch was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/25/2017 – Abercrombie & Fitch was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $16.00 price target on the stock, up previously from $14.00.
  • 8/25/2017 – Abercrombie & Fitch had its price target raised by analysts at Telsey Advisory Group from $11.00 to $12.00. They now have a “market perform” rating on the stock.
  • 8/25/2017 – Abercrombie & Fitch had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $12.00 price target on the stock, down previously from $14.00.
  • 8/25/2017 – Abercrombie & Fitch had its “buy” rating reaffirmed by analysts at William Blair.
  • 8/25/2017 – Abercrombie & Fitch was given a new $12.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 8/24/2017 – Abercrombie & Fitch was given a new $13.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 8/15/2017 – Abercrombie & Fitch had its price target lowered by analysts at FBR & Co from $13.00 to $11.00. They now have a “neutral” rating on the stock.
  • 8/8/2017 – Abercrombie & Fitch was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Abercrombie has underperformed the broader industry in the last one year due to its dismal earnings trend in recent quarters. Notably, the company the company has a record of dismal earnings and sales trends, having reported negative earnings and sales surprises in four of the last five quarters. Also, the company’s recent decision to not sell itself has impacted stock performance. Moreover, it expects comps to remain challenging in the second quarter while improvements are likely in the second half of the year. Further, it expects currency headwinds to hurt sales and operating income in fiscal 2017. However, the solid comps trend at Hollister and robust direct-to-customer sales remain encouraging. Moreover, its robust strategies like capital investments, cost saving efforts, loyalty and marketing programs are gaining traction. Its focus on reviving brands and enhancing performance to return to profitable growth also bode well.”
  • 8/8/2017 – Abercrombie & Fitch was given a new $14.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.

Shares of Abercrombie & Fitch Company (ANF) traded down 0.07% during mid-day trading on Monday, hitting $14.23. 454,414 shares of the stock traded hands. Abercrombie & Fitch Company has a 12-month low of $8.81 and a 12-month high of $17.62. The firm’s 50 day moving average price is $11.34 and its 200-day moving average price is $11.70. The stock’s market cap is $968.88 million.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The business had revenue of $779.00 million during the quarter, compared to analyst estimates of $758.57 million. During the same period in the previous year, the firm earned ($0.25) EPS. Abercrombie & Fitch’s quarterly revenue was down .5% compared to the same quarter last year. Analysts predict that Abercrombie & Fitch Company will post ($0.04) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, September 1st were given a $0.20 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.62%. Abercrombie & Fitch’s dividend payout ratio is presently -258.06%.

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.

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