Abercrombie & Fitch Co. (ANF) Given Average Rating of “Hold” by Brokerages

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have received an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.36.

A number of equities analysts recently issued reports on ANF shares. TheStreet upgraded Abercrombie & Fitch from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. ValuEngine lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $27.00 in a research note on Thursday, March 7th. Deutsche Bank set a $24.00 price objective on Abercrombie & Fitch and gave the company a “sell” rating in a research note on Thursday, March 7th. Finally, B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Thursday, March 7th.

In related news, Director Nigel Travis acquired 2,917 shares of Abercrombie & Fitch stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $25.70 per share, for a total transaction of $74,966.90. Following the purchase, the director now owns 2,917 shares of the company’s stock, valued at approximately $74,966.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.95% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund purchased a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $502,000. Vanguard Group Inc. increased its stake in shares of Abercrombie & Fitch by 11.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after purchasing an additional 1,119,930 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 294.6% in the 3rd quarter. AQR Capital Management LLC now owns 654,246 shares of the apparel retailer’s stock valued at $13,818,000 after purchasing an additional 488,434 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of Abercrombie & Fitch by 0.9% in the 4th quarter. ClariVest Asset Management LLC now owns 101,000 shares of the apparel retailer’s stock valued at $2,025,000 after purchasing an additional 900 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Abercrombie & Fitch by 1.1% in the 4th quarter. BlackRock Inc. now owns 9,748,353 shares of the apparel retailer’s stock valued at $195,453,000 after purchasing an additional 106,499 shares in the last quarter.

ANF stock traded up $0.94 during midday trading on Wednesday, reaching $28.06. The stock had a trading volume of 2,216,473 shares, compared to its average volume of 2,388,406. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.27 and a beta of 0.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.39 and a quick ratio of 1.61. Abercrombie & Fitch has a 52-week low of $15.28 and a 52-week high of $29.69.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.20. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. As a group, equities research analysts expect that Abercrombie & Fitch will post 1.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. Abercrombie & Fitch’s payout ratio is currently 69.57%.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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