Today, Abercrombie & Fitch Co. (ANF) Rating Decreased to Sell at Deutsche Bank AG

Today, Abercrombie & Fitch Co. (ANF) Rating Decreased to Sell at Deutsche Bank AG

Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by research analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating in a report released on Wednesday. They currently have a $13.00 target price on the apparel retailer’s stock, down from their previous target price of $14.00. Deutsche Bank AG’s target price would indicate a potential downside of 15.53% from the stock’s current price. The analysts noted that the move was a valuation call.

ANF has been the topic of several other research reports. Vetr cut Abercrombie & Fitch Co. from a “hold” rating to a “sell” rating and set a $20.70 price objective on the stock. in a report on Friday, August 12th. Standpoint Research upgraded Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. Jefferies Group reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a report on Sunday, September 4th. FBR & Co reiterated an “underperform” rating on shares of Abercrombie & Fitch Co. in a report on Monday. Finally, Telsey Advisory Group cut their price objective on Abercrombie & Fitch Co. from $24.00 to $21.00 and set a “market perform” rating on the stock in a report on Wednesday, August 31st. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.23.

Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.39 on Wednesday. Abercrombie & Fitch Co. has a 12 month low of $14.00 and a 12 month high of $32.83. The company has a market cap of $1.04 billion, a PE ratio of 81.86 and a beta of 1.31. The firm’s 50-day moving average price is $15.49 and its 200-day moving average price is $18.66.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its earnings results on Friday, November 18th. The apparel retailer reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarter in the prior year, the business posted $0.48 EPS. The company’s revenue was down 6.5% on a year-over-year basis. Equities analysts predict that Abercrombie & Fitch Co. will post $0.02 EPS for the current fiscal year.

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

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

Institutional investors have recently modified their holdings of the company. 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 worth $131,954,000 after buying an additional 767,144 shares during the last quarter. FMR LLC boosted its position in shares of Abercrombie & Fitch Co. by 3.0% in the second quarter. FMR LLC now owns 6,768,300 shares of the apparel retailer’s stock worth $120,543,000 after buying an additional 200,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Abercrombie & Fitch Co. by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,951,547 shares of the apparel retailer’s stock worth $70,376,000 after buying an additional 381,957 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Abercrombie & Fitch Co. by 6.6% in the third quarter. BlackRock Fund Advisors now owns 3,552,806 shares of the apparel retailer’s stock worth $56,454,000 after buying an additional 218,534 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Abercrombie & Fitch Co. by 2.2% in the second quarter. State Street Corp now owns 3,389,409 shares of the apparel retailer’s stock worth $60,368,000 after buying an additional 72,293 shares during the last quarter.

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