Today: Today, Abercrombie & Fitch Co. (ANF) Lowered by Vetr Inc.

Today, Abercrombie & Fitch Co. (ANF) Lowered by Vetr Inc.

Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $14.40 price objective on the apparel retailer’s stock. Vetr‘s price target suggests a potential downside of 6.43% from the stock’s current price.

Several other equities analysts have also commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Abercrombie & Fitch Co. in a research report on Monday. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price target (down previously from $18.00) on shares of Abercrombie & Fitch Co. in a research report on Sunday. Mizuho set a $12.00 price target on shares of Abercrombie & Fitch Co. and gave the stock a “hold” rating in a research report on Monday. RBC Capital Markets lowered shares of Abercrombie & Fitch Co. from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $20.00 to $12.00 in a research report on Monday. Finally, FBR & Co reaffirmed an “underperform” rating on shares of Abercrombie & Fitch Co. in a research report on Monday. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.23.

Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.65% during midday trading on Tuesday, hitting $15.39. 3,329,646 shares of the stock were exchanged. The firm has a market cap of $1.04 billion, a P/E ratio of 81.86 and a beta of 1.31. The firm has a 50 day moving average of $15.49 and a 200 day moving average of $18.66. Abercrombie & Fitch Co. has a 12-month low of $14.00 and a 12-month high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings results on Friday, November 18th. The apparel retailer reported $0.02 EPS for the quarter, missing the consensus estimate of $0.21 by $0.19. Abercrombie & Fitch Co. had a return on equity of 1.50% and a net margin of 0.38%. The company had revenue of $821.70 million for the quarter. During the same period last year, the business earned $0.48 earnings per share. The business’s revenue was down 6.5% compared to the same quarter last year. Equities analysts forecast that Abercrombie & Fitch Co. will post $0.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.20%. Abercrombie & Fitch Co.’s dividend payout ratio (DPR) is 421.05%.

In other news, insider Bonadies Fran Horowitz bought 15,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was bought at an average cost of $17.32 per share, for a total transaction of $259,800.00. Following the completion of the acquisition, the insider now directly owns 44,701 shares in the company, valued at approximately $774,221.32. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Craig R. Stapleton bought 10,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was purchased at an average price of $17.65 per share, with a total value of $176,500.00. Following the completion of the acquisition, the director now owns 57,398 shares of the company’s stock, valued at $1,013,074.70. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Abercrombie & Fitch Co. by 160.9% in the second quarter. AQR Capital Management LLC now owns 2,579,305 shares of the apparel retailer’s stock valued at $45,938,000 after buying an additional 1,590,722 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Abercrombie & Fitch Co. by 191.2% in the third quarter. Ameriprise Financial Inc. now owns 1,690,174 shares of the apparel retailer’s stock valued at $26,857,000 after buying an additional 1,109,787 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Abercrombie & Fitch Co. by 11.6% in the second quarter. Vanguard Group Inc. now owns 7,408,956 shares of the apparel retailer’s stock valued at $131,954,000 after buying an additional 767,144 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Abercrombie & Fitch Co. by 40.8% in the third quarter. JPMorgan Chase & Co. now owns 2,059,047 shares of the apparel retailer’s stock valued at $32,718,000 after buying an additional 596,364 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Abercrombie & Fitch Co. during the first quarter valued at approximately $14,609,000.

About Abercrombie & Fitch Co.

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

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