Today, Stifel Nicolaus Reiterates Hold Rating for Abercrombie & Fitch Co. (ANF)

Today, Stifel Nicolaus Reiterates Hold Rating for Abercrombie & Fitch Co. (ANF)

Stifel Nicolaus reiterated their hold rating on shares of Abercrombie & Fitch Co. (NYSE:ANF) in a research report sent to investors on Monday.

ANF has been the subject of several other research reports. Mizuho decreased their price target on Abercrombie & Fitch Co. from $21.00 to $19.00 and set a neutral rating for the company in a research note on Thursday, August 25th. Vetr raised Abercrombie & Fitch Co. from a buy rating to a strong-buy rating and set a $19.36 price target for the company in a research note on Wednesday, September 21st. Deutsche Bank AG set a $18.00 price target on Abercrombie & Fitch Co. and gave the company a hold rating in a research note on Tuesday, October 18th. Bank of America Corp. started coverage on Abercrombie & Fitch Co. in a research note on Wednesday, September 28th. They issued an underperform rating and a $16.00 price target for the company. Finally, Argus reissued a hold rating on shares of Abercrombie & Fitch Co. in a research note on Friday, September 23rd. Nine research 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’s stock. The company presently has a consensus rating of Hold and a consensus target price of $20.23.

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

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 analysts’ consensus estimates 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 firm earned $821.70 million during the quarter. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts forecast that Abercrombie & Fitch Co. will post $0.02 earnings per share for the current fiscal year.

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

In other Abercrombie & Fitch Co. news, Director Craig R. Stapleton acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was bought at an average price of $17.65 per share, with a total value of $176,500.00. Following the completion of the purchase, the director now owns 57,398 shares of the company’s stock, valued at $1,013,074.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bonadies Fran Horowitz acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were acquired at an average cost of $17.32 per share, with a total value of $259,800.00. Following the purchase, the insider now directly owns 44,701 shares of the company’s stock, valued at approximately $774,221.32. The disclosure for this purchase can be found here. Corporate insiders own 0.85% of the company’s stock.

A number of large investors have recently bought and sold shares of ANF. Panagora Asset Management Inc. raised its stake in Abercrombie & Fitch Co. by 86.8% in the third quarter. Panagora Asset Management Inc. now owns 7,104 shares of the apparel retailer’s stock valued at $113,000 after buying an additional 3,302 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Abercrombie & Fitch Co. during the second quarter valued at about $139,000. AMP Capital Investors Ltd acquired a new stake in Abercrombie & Fitch Co. during the first quarter valued at about $298,000. Macquarie Group Ltd. acquired a new stake in Abercrombie & Fitch Co. during the second quarter valued at about $169,000. Finally, Teacher Retirement System of Texas raised its stake in Abercrombie & Fitch Co. by 12.4% in the second quarter. Teacher Retirement System of Texas now owns 9,546 shares of the apparel retailer’s stock valued at $170,000 after buying an additional 1,053 shares in the last quarter.

Abercrombie & Fitch Co. Company Profile

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