Shares of Abercrombie & Fitch Company (NYSE:ANF) have been assigned an average rating of “Hold” from the twenty-eight analysts that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.38.
Several research firms have commented on ANF. Deutsche Bank AG decreased their price target on shares of Abercrombie & Fitch to $9.00 and set a “sell” rating for the company in a research report on Monday, July 10th. TheStreet lowered shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research report on Thursday, June 15th. BidaskClub raised shares of Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. William Blair reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research report on Friday, August 25th. Finally, Citigroup Inc. raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a research report on Friday, August 25th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after buying an additional 8,354,665 shares during the last quarter. Vanguard Group Inc. lifted its stake in Abercrombie & Fitch by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock valued at $82,650,000 after buying an additional 567,021 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Abercrombie & Fitch by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer’s stock valued at $71,270,000 after buying an additional 42,983 shares during the last quarter. State Street Corp lifted its stake in Abercrombie & Fitch by 1.7% in the second quarter. State Street Corp now owns 3,353,884 shares of the apparel retailer’s stock valued at $41,718,000 after buying an additional 56,484 shares during the last quarter. Finally, Paradice Investment Management LLC lifted its stake in Abercrombie & Fitch by 16.6% in the second quarter. Paradice Investment Management LLC now owns 2,130,392 shares of the apparel retailer’s stock valued at $26,502,000 after buying an additional 304,012 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Abercrombie & Fitch (ANF) traded up 1.28% on Tuesday, reaching $14.24. 3,130,523 shares of the company were exchanged. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $17.52. The company’s market capitalization is $969.56 million. The company’s 50-day moving average is $11.34 and its 200-day moving average is $11.70. Abercrombie & Fitch also saw unusually large options trading activity on Tuesday. Stock investors purchased 3,302 put options on the stock. This represents an increase of 1,051% compared to the average volume of 287 put options.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. The business had revenue of $779.00 million during 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 company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.25) earnings per share. On average, equities analysts expect that Abercrombie & Fitch will post ($0.04) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, September 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Wednesday, August 30th. Abercrombie & Fitch’s dividend payout ratio (DPR) is -258.06%.
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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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