Today, Abercrombie & Fitch Co. (ANF) Upgraded to “Buy” at Vetr Inc.

Today, Abercrombie & Fitch Co. (ANF) Upgraded to “Buy” at Vetr Inc.

Abercrombie & Fitch Co. (NYSE:ANF) was upgraded by investment analysts at Vetr from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $15.43 target price on the apparel retailer’s stock. Vetr‘s price objective suggests a potential upside of 0.26% from the stock’s previous close.

Several other analysts have also commented on ANF. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Abercrombie & Fitch Co. in a research report on Saturday, November 19th. Jefferies Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch Co. in a research report on Sunday, September 4th. FBR & Co lowered their price objective on shares of Abercrombie & Fitch Co. from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 31st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Abercrombie & Fitch Co. in a research report on Thursday, September 1st. Finally, Stifel Nicolaus lowered shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $18.05 to $24.00 in a research report on Wednesday, August 31st. Nine equities 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 an average rating of “Hold” and an average price target of $20.23.

Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.97% during mid-day trading on Monday, hitting $15.24. 1,206,373 shares of the company traded hands. 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 one year low of $14.00 and a one year high of $32.83. The firm has a market capitalization of $1.03 billion, a P/E ratio of 81.06 and a beta of 1.31.

Abercrombie & Fitch Co. (NYSE:ANF) last released its quarterly earnings results on Friday, November 18th. The apparel retailer reported $0.02 earnings per share 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 firm had revenue of $821.70 million for the quarter. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. Equities research analysts expect that Abercrombie & Fitch Co. will post $0.02 earnings per share for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Wednesday, November 30th. Abercrombie & Fitch Co.’s dividend payout ratio is presently 421.05%.

In other Abercrombie & Fitch Co. news, Director Craig R. Stapleton bought 10,000 shares of Abercrombie & Fitch Co. stock in a transaction dated 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 $1,013,074.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bonadies Fran Horowitz bought 15,000 shares of Abercrombie & Fitch Co. stock in a transaction dated Thursday, September 8th. The stock was acquired 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 insiders.

Several hedge funds have recently added to or reduced their stakes in ANF. Panagora Asset Management Inc. increased 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 worth $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 worth $139,000. AMP Capital Investors Ltd acquired a new stake in Abercrombie & Fitch Co. during the first quarter worth $298,000. Macquarie Group Ltd. acquired a new stake in Abercrombie & Fitch Co. during the second quarter worth $169,000. Finally, Teacher Retirement System of Texas increased 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 worth $170,000 after buying an additional 1,053 shares in the last quarter.

Abercrombie & Fitch Co. Company Profile

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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