Abercrombie & Fitch Company (ANF) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Abercrombie & Fitch Company (NYSE:ANF) from a sell rating to a hold rating in a research report released on Friday.

ANF has been the topic of a number of other reports. Royal Bank Of Canada raised shares of Abercrombie & Fitch from an underperform rating to a sector perform rating and lifted their target price for the company from $12.00 to $14.00 in a report on Thursday, August 31st. Zacks Investment Research cut shares of Abercrombie & Fitch from a buy rating to a hold rating in a report on Friday, October 27th. J P Morgan Chase & Co cut shares of Abercrombie & Fitch from a neutral rating to an underweight rating and cut their target price for the company from $12.00 to $10.00 in a report on Wednesday, November 1st. Jefferies Group LLC reaffirmed a hold rating and issued a $12.00 target price on shares of Abercrombie & Fitch in a report on Thursday, September 28th. Finally, BidaskClub raised shares of Abercrombie & Fitch from a strong sell rating to a sell rating in a report on Saturday, August 26th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $12.56.

Abercrombie & Fitch (NYSE ANF) traded up $3.00 during mid-day trading on Friday, reaching $15.55. 18,413,120 shares of the company’s stock were exchanged, compared to its average volume of 3,579,457. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 2.16. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $16.36.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $859.10 million for the quarter, compared to analysts’ expectations of $818.41 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 up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS. analysts predict that Abercrombie & Fitch will post -0.01 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Abercrombie & Fitch Company (ANF) Upgraded by ValuEngine to Hold” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/11/18/abercrombie-fitch-company-anf-upgraded-by-valuengine-to-hold.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, December 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.14%. Abercrombie & Fitch’s dividend payout ratio is presently -250.00%.

Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth about $114,000. Lorber David A purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth about $126,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth about $133,000. Suntrust Banks Inc. boosted its position in shares of Abercrombie & Fitch by 3.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after buying an additional 492 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position 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 buying an additional 5,957 shares in the last quarter. Institutional investors and hedge funds own 98.51% 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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

Receive News & Ratings for Abercrombie & Fitch Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply