Abercrombie & Fitch (ANF) Stock Rating Reaffirmed by B. Riley

B. Riley restated their neutral rating on shares of Abercrombie & Fitch (NYSE:ANF) in a research note published on Thursday morning, Marketbeat.com reports. They currently have a $24.00 target price on the apparel retailer’s stock, up from their prior target price of $22.00. B. Riley also issued estimates for Abercrombie & Fitch’s Q3 2019 earnings at $0.36 EPS and FY2020 earnings at $0.67 EPS.

Several other equities analysts have also recently weighed in on the stock. Jefferies Group lifted their price objective on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the stock a hold rating in a research report on Monday, December 18th. Bank of America set a $9.00 price objective on shares of Abercrombie & Fitch and gave the stock a sell rating in a research report on Monday, November 20th. BMO Capital Markets boosted their price target on shares of Abercrombie & Fitch from $12.00 to $16.00 and gave the company a market perform rating in a report on Friday, November 17th. Standpoint Research cut shares of Abercrombie & Fitch from an outperform rating to a hold rating in a report on Friday, November 17th. Finally, Royal Bank of Canada boosted their price target on shares of Abercrombie & Fitch from $14.00 to $16.00 and gave the company a sector perform rating in a report on Tuesday, November 21st. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $17.24.

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Abercrombie & Fitch (NYSE ANF) opened at $22.30 on Thursday. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $24.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 2.49. The firm has a market cap of $1,520.00, a P/E ratio of 63.71, a price-to-earnings-growth ratio of 3.28 and a beta of 1.05.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.28. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company posted $0.71 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. equities analysts anticipate that Abercrombie & Fitch will post 0.65 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Thursday, March 8th. Abercrombie & Fitch’s payout ratio is presently 228.57%.

In related news, Director Arthur C. Martinez sold 20,000 shares of Abercrombie & Fitch stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $23.72, for a total value of $474,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Glassman Wealth Services acquired a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at $122,000. Lorber David A acquired a new position in Abercrombie & Fitch during the 3rd quarter worth $126,000. Meadow Creek Investment Management LLC acquired a new position in Abercrombie & Fitch during the 4th quarter worth $154,000. Old Mutual Global Investors UK Ltd. acquired a new position in Abercrombie & Fitch during the 3rd quarter worth $133,000. Finally, LMR Partners LLP acquired a new position in Abercrombie & Fitch during the 4th quarter worth $212,000. 99.46% of the stock is owned by institutional investors and hedge funds.

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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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