Robert W. Baird Analysts Give Abercrombie & Fitch (ANF) a $27.00 Price Target
Robert W. Baird set a $27.00 target price on Abercrombie & Fitch (NYSE:ANF) in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the apparel retailer’s stock.
Several other analysts have also weighed in on the company. Jefferies Group increased their price target on Abercrombie & Fitch from $14.00 to $17.00 and gave the company a hold rating in a report on Monday, December 18th. Bank of America set a $9.00 price target on Abercrombie & Fitch and gave the company a sell rating in a report on Monday, November 20th. BMO Capital Markets increased their price target on Abercrombie & Fitch from $12.00 to $16.00 and gave the company a market perform rating in a report on Friday, November 17th. Standpoint Research lowered Abercrombie & Fitch from an outperform rating to a hold rating in a report on Friday, November 17th. Finally, Royal Bank of Canada increased their price target on Abercrombie & Fitch from $14.00 to $16.00 and gave the company a sector perform rating in a report on Tuesday, November 21st. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Abercrombie & Fitch currently has a consensus rating of Hold and an average target price of $17.24.
Shares of Abercrombie & Fitch (NYSE ANF) opened at $22.30 on Wednesday. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $24.52. The firm has a market capitalization of $1,518.67, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.28 and a beta of 1.05. The company has a current ratio of 2.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.80 annualized dividend and a dividend yield of 3.59%. Abercrombie & Fitch’s dividend payout ratio is currently 1,333.56%.
In other news, Director Arthur C. Martinez sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total transaction of $474,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.64% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Glassman Wealth Services purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $122,000. Lorber David A purchased a new position in shares of Abercrombie & Fitch during the third quarter valued at $126,000. Meadow Creek Investment Management LLC purchased a new position in shares of Abercrombie & Fitch during the fourth quarter valued at $154,000. Old Mutual Global Investors UK Ltd. bought a new stake in Abercrombie & Fitch during the third quarter valued at about $133,000. Finally, LMR Partners LLP bought a new stake in Abercrombie & Fitch during the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 99.46% 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.
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.