Abercrombie & Fitch Company (ANF) Shares Down 5.8%

Shares of Abercrombie & Fitch Company (NYSE:ANF) dropped 5.8% during mid-day trading on Monday . The stock traded as low as $13.52 and last traded at $13.60. Approximately 3,208,925 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 3,930,040 shares. The stock had previously closed at $14.43.

A number of analysts have weighed in on ANF shares. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets set a $14.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a 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 price objective on the stock in a report on Monday, July 10th. Zacks Investment Research lowered shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, FBR & Co decreased their target price on shares of Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, August 15th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Abercrombie & Fitch currently has a consensus rating of “Hold” and an average price target of $12.30.

The firm’s market capitalization is $925.30 million. The stock’s 50-day moving average is $13.48 and its 200 day moving average is $12.00.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The business had revenue of $779.00 million during the quarter, compared to analysts’ expectations of $758.57 million. During the same quarter last year, the firm posted ($0.25) earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Abercrombie & Fitch Company will post ($0.03) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were paid a $0.20 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.89%. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -258.06%.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after acquiring an additional 8,354,665 shares during the period. Vanguard Group Inc. grew its stake in Abercrombie & Fitch by 9.3% in the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock valued at $82,650,000 after acquiring an additional 567,021 shares during the period. Dimensional Fund Advisors LP grew its stake in Abercrombie & Fitch by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer’s stock valued at $71,270,000 after acquiring an additional 42,983 shares during the period. State Street Corp grew its stake in Abercrombie & Fitch by 1.7% in the second quarter. State Street Corp now owns 3,353,884 shares of the apparel retailer’s stock valued at $41,718,000 after acquiring an additional 56,484 shares during the period. Finally, Paradice Investment Management LLC grew its stake in Abercrombie & Fitch by 16.6% in the second quarter. Paradice Investment Management LLC now owns 2,130,392 shares of the apparel retailer’s stock valued at $26,502,000 after acquiring an additional 304,012 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

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About Abercrombie & Fitch

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.

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