Abercrombie & Fitch Company (ANF) Upgraded by Argus to Hold
Other analysts have also recently issued research reports about the stock. William Blair reiterated an outperform rating on shares of Abercrombie & Fitch in a report on Tuesday, September 5th. BMO Capital Markets set a $14.00 price objective on shares of Abercrombie & Fitch and gave the stock a hold rating in a report on Thursday, July 6th. Citigroup Inc. raised shares of Abercrombie & Fitch from a neutral rating to a buy rating and raised their target price for the stock from $14.00 to $16.00 in a research report on Friday, August 25th. Vetr cut shares of Abercrombie & Fitch from a hold rating to a sell rating and set a $12.10 target price for the company. in a research report on Thursday, June 29th. Finally, Wunderlich raised shares of Abercrombie & Fitch from a sell rating to a hold rating and lifted their target price for the company from $10.50 to $12.00 in a research note on Thursday, June 22nd. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $12.30.
Shares of Abercrombie & Fitch (ANF) opened at 14.72 on Monday. The stock has a 50 day moving average of $12.68 and a 200 day moving average of $11.88. The company’s market cap is $1.00 billion. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $17.35.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.17. The company had revenue of $779.00 million for the quarter, compared to the consensus estimate of $758.57 million. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. Abercrombie & Fitch’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.25) EPS. Analysts predict that Abercrombie & Fitch will post ($0.04) EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, September 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Wednesday, August 30th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -258.06%.
A number of large investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $114,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at about $208,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Abercrombie & Fitch during the 1st quarter valued at about $149,000. Suntrust Banks Inc. lifted its stake in shares of Abercrombie & Fitch by 7.9% in the 1st quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock worth $152,000 after purchasing an additional 931 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Abercrombie & Fitch by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock worth $167,000 after purchasing an additional 5,957 shares during the period. 98.47% of the stock is currently owned by institutional investors and hedge funds.
About Abercrombie & Fitch
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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