Deutsche Bank AG cut shares of Abercrombie & Fitch Co. (NYSE:ANF) from a hold rating to a sell rating in a research note published on Wednesday morning. The brokerage currently has $13.00 price target on the apparel retailer’s stock, down from their prior price target of $14.00. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently issued reports on ANF. Zacks Investment Research raised shares of Abercrombie & Fitch Co. from a strong sell rating to a hold rating in a report on Wednesday, July 27th. Vetr raised shares of Abercrombie & Fitch Co. from a sell rating to a buy rating and set a $20.70 target price on the stock in a research note on Tuesday, August 2nd. Jefferies Group reaffirmed a buy rating on shares of Abercrombie & Fitch Co. in a research note on Tuesday, August 23rd. Mizuho lowered their target price on shares of Abercrombie & Fitch Co. from $21.00 to $19.00 and set a neutral rating on the stock in a research note on Thursday, August 25th. Finally, Credit Suisse Group AG reaffirmed a sell rating and issued a $18.00 target price on shares of Abercrombie & Fitch Co. in a research note on Friday, August 26th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $20.23.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 14.78 on Wednesday. The stock has a 50 day moving average of $15.41 and a 200-day moving average of $18.43. Abercrombie & Fitch Co. has a 1-year low of $14.00 and a 1-year high of $32.83. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 78.62 and a beta of 1.31.
Abercrombie & Fitch Co. (NYSE:ANF) last announced its quarterly 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 quarter last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts forecast that Abercrombie & Fitch Co. will post $0.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders 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 yield of 5.25%. The ex-dividend date is Wednesday, November 30th. Abercrombie & Fitch Co.’s dividend payout ratio (DPR) is 421.05%.
In other news, Director Craig R. Stapleton purchased 10,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was acquired at an average cost of $17.65 per share, for a total transaction of $176,500.00. Following the purchase, the director now directly owns 57,398 shares in the company, valued at approximately $1,013,074.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bonadies Fran Horowitz purchased 15,000 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $17.32 per share, with a total value of $259,800.00. Following the completion of the purchase, the insider now 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 owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. 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 purchased a new stake in Abercrombie & Fitch Co. during the second quarter worth about $139,000. AMP Capital Investors Ltd purchased a new stake in Abercrombie & Fitch Co. during the first quarter worth about $298,000. Macquarie Group Ltd. purchased a new stake in Abercrombie & Fitch Co. during the second quarter worth about $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