Abercrombie & Fitch Co. (NYSE:ANF) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.36.
ANF has been the subject of several analyst reports. Wedbush increased their target price on shares of Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. TheStreet upgraded shares of Abercrombie & Fitch from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Thursday, March 7th. ValuEngine upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, Argus increased their target price on shares of Abercrombie & Fitch to $28.00 and gave the company a “buy” rating in a report on Friday, March 8th.
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Shares of ANF stock opened at $26.39 on Friday. The stock has a market capitalization of $1.76 billion, a PE ratio of 22.95, a PEG ratio of 1.26 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.39 and a quick ratio of 1.61. Abercrombie & Fitch has a one year low of $15.28 and a one year high of $29.69.
Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.20. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. On average, equities research analysts anticipate that Abercrombie & Fitch will post 1.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 3.03%. Abercrombie & Fitch’s payout ratio is currently 69.57%.
In related news, Director Nigel Travis purchased 2,917 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of $25.70 per share, for a total transaction of $74,966.90. Following the completion of the transaction, the director now owns 2,917 shares in the company, valued at $74,966.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.95% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP boosted its position in Abercrombie & Fitch by 63.2% during the third quarter. First Trust Advisors LP now owns 92,495 shares of the apparel retailer’s stock worth $1,953,000 after purchasing an additional 35,804 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Abercrombie & Fitch by 330.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 364,200 shares of the apparel retailer’s stock valued at $7,692,000 after purchasing an additional 279,585 shares in the last quarter. Commonwealth Bank of Australia purchased a new stake in Abercrombie & Fitch in the third quarter valued at approximately $388,000. Chartwell Investment Partners LLC raised its stake in Abercrombie & Fitch by 29.7% in the third quarter. Chartwell Investment Partners LLC now owns 130,432 shares of the apparel retailer’s stock valued at $2,755,000 after purchasing an additional 29,864 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Abercrombie & Fitch in the third quarter valued at approximately $285,000.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.
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