Abercrombie & Fitch Company (ANF) Receives Consensus Rating of “Hold” from Brokerages

Abercrombie & Fitch Company (NYSE:ANF) has been given a consensus rating of “Hold” by the twenty-eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $12.19.

ANF has been the subject of several analyst reports. Telsey Advisory Group increased their price objective on shares of Abercrombie & Fitch from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, May 26th. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets set a $14.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Tuesday, August 8th. Vetr raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $12.64 target price for the company in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.

Several institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC raised its position in shares of Abercrombie & Fitch by 10.1% during the 2nd quarter. Verition Fund Management LLC now owns 16,494 shares of the apparel retailer’s stock valued at $205,000 after buying an additional 1,519 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $183,000. Nomura Holdings Inc. purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $411,000. The Manufacturers Life Insurance Company raised its position in shares of Abercrombie & Fitch by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,235 shares of the apparel retailer’s stock valued at $675,000 after buying an additional 596 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $311,000. Hedge funds and other institutional investors own 98.62% of the company’s stock.

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Abercrombie & Fitch (ANF) opened at 13.64 on Tuesday. Abercrombie & Fitch has a 12-month low of $8.81 and a 12-month high of $17.82. The company’s 50-day moving average price is $10.74 and its 200-day moving average price is $11.62. The company’s market cap is $928.77 million.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. The firm had revenue of $779 million during the quarter, compared to analyst estimates of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted ($0.25) EPS. Equities analysts anticipate that Abercrombie & Fitch will post ($0.04) earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend was Wednesday, August 30th. Abercrombie & Fitch’s payout ratio is -258.06%.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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