Abercrombie & Fitch Company (ANF) Earns “Buy” Rating from Citigroup Inc.
Citigroup Inc. reissued their buy rating on shares of Abercrombie & Fitch Company (NYSE:ANF) in a research report released on Monday morning. The firm currently has a $18.00 target price on the apparel retailer’s stock, up from their previous target price of $16.00.
Other equities research analysts also recently issued reports about the stock. B. Riley reissued a neutral rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 1st. William Blair reissued an outperform rating on shares of Abercrombie & Fitch in a research report on Tuesday, September 5th. BMO Capital Markets set a $14.00 target price on shares of Abercrombie & Fitch and gave the stock a hold rating in a research report on Tuesday, August 8th. FBR & Co decreased their target price on shares of Abercrombie & Fitch from $13.00 to $11.00 and set a neutral rating for the company in a research report on Tuesday, August 15th. Finally, ValuEngine raised shares of Abercrombie & Fitch from a sell rating to a hold rating in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $12.98.
Abercrombie & Fitch (NYSE ANF) opened at $16.62 on Monday. Abercrombie & Fitch has a fifty-two week low of $8.81 and a fifty-two week high of $17.19. The firm has a market cap of $1,132.97, a PE ratio of 128.00, a PEG ratio of 11.06 and a beta of 0.76. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. sell-side analysts forecast that Abercrombie & Fitch will post 0.11 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio is presently -285.70%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its stake in Abercrombie & Fitch by 13.3% in the 3rd quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock worth $480,000 after purchasing an additional 3,909 shares in the last quarter. Lorber David A purchased a new stake in Abercrombie & Fitch in the 3rd quarter worth approximately $126,000. FrontFour Capital Group LLC purchased a new stake in Abercrombie & Fitch in the 3rd quarter worth approximately $7,816,000. Sterling Capital Management LLC purchased a new stake in Abercrombie & Fitch in the 3rd quarter worth approximately $969,000. Finally, California Public Employees Retirement System lifted its stake in Abercrombie & Fitch by 22.3% in the 3rd quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock worth $8,796,000 after purchasing an additional 111,171 shares in the last quarter. Institutional investors and hedge funds own 98.66% 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.
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