Today, Abercrombie & Fitch Co. (ANF) Rating Reiterate by FBR & Co

Today, Abercrombie & Fitch Co. (ANF) Rating Reiterate by FBR & Co
FBR & Co reissued their underperform rating on shares of Abercrombie & Fitch Co. (NYSE:ANF) in a report published on Monday.

A number of other research analysts have also recently weighed in on the stock. Vetr raised shares of Abercrombie & Fitch Co. from a buy rating to a strong-buy rating and set a $19.36 price objective for the company in a report on Wednesday, September 21st. Argus reaffirmed a hold rating on shares of Abercrombie & Fitch Co. in a report on Friday, September 23rd. Credit Suisse Group AG reaffirmed a sell rating and issued a $18.00 price objective on shares of Abercrombie & Fitch Co. in a report on Friday, August 26th. Deutsche Bank AG reaffirmed a hold rating and issued a $20.00 price objective (down previously from $23.00) on shares of Abercrombie & Fitch Co. in a report on Monday, August 15th. Finally, Wolfe Research cut shares of Abercrombie & Fitch Co. from an outperform rating to a peer perform rating in a report on Monday, November 14th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Abercrombie & Fitch Co. currently has a consensus rating of Hold and a consensus price target of $20.23.

Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.39 on Monday. Abercrombie & Fitch Co. has a one year low of $14.00 and a one year high of $32.83. The company has a 50 day moving average of $15.49 and a 200-day moving average of $18.66. The company has a market cap of $1.04 billion, a P/E ratio of 81.86 and a beta of 1.31.

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

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

In related news, Director Craig R. Stapleton bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average cost of $17.65 per share, with a total value of $176,500.00. Following the transaction, the director now directly owns 57,398 shares of the company’s stock, valued at approximately $1,013,074.70. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bonadies Fran Horowitz bought 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 44,701 shares in the company, valued at $774,221.32. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ANF. Vanguard Group Inc. increased its position in 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 period. FMR LLC boosted its stake 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 in the last quarter. BlackRock Fund Advisors boosted its stake 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 in the last quarter. Finally, State Street Corp boosted its stake 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 in the last quarter.

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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