Abercrombie & Fitch Co. (NYSE:ANF) declared a quarterly dividend on Tuesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 8th will be paid a dividend of 0.20 per share by the apparel retailer on Monday, March 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 7th.
Abercrombie & Fitch has a payout ratio of 105.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Abercrombie & Fitch to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 80.0%.
Shares of ANF opened at $22.40 on Friday. Abercrombie & Fitch has a one year low of $15.28 and a one year high of $29.69. The stock has a market capitalization of $1.36 billion, a PE ratio of 34.46, a PEG ratio of 1.36 and a beta of 0.62. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 0.26.
A number of brokerages have recently commented on ANF. Wedbush lifted their price objective on shares of Abercrombie & Fitch from $17.00 to $19.00 in a research report on Friday, December 28th. Wolfe Research reissued an “underperform” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Abercrombie & Fitch in a research report on Tuesday, January 15th. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. TheStreet raised shares of Abercrombie & Fitch from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Abercrombie & Fitch from $23.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, November 30th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.23.
In related news, Director Kerrii B. Anderson bought 2,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Tuesday, December 4th. The stock was acquired at an average price of $19.72 per share, with a total value of $39,440.00. Following the acquisition, the director now owns 6,686 shares of the company’s stock, valued at approximately $131,847.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.95% of the company’s stock.
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Abercrombie & Fitch Company Profile
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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