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.
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.
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