Abercrombie & Fitch Company (ANF) PT Set at $14.00 by Jefferies Group LLC
Several other equities analysts also recently weighed in on the stock. B. Riley restated a neutral rating on shares of Abercrombie & Fitch in a report on Wednesday, November 1st. J P Morgan Chase & Co downgraded shares of Abercrombie & Fitch from a neutral rating to an underweight rating and lowered their price target for the stock from $12.00 to $10.00 in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Abercrombie & Fitch from a buy rating to a hold rating in a report on Friday, October 27th. Argus upgraded shares of Abercrombie & Fitch from a sell rating to a hold rating in a report on Monday, October 2nd. Finally, Robert W. Baird reiterated a neutral rating and set a $15.00 price target (up from $13.00) on shares of Abercrombie & Fitch in a report on Friday, September 22nd. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $13.03.
Abercrombie & Fitch (ANF) opened at $17.04 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $17.19. The firm has a market cap of $1,160.00, a PE ratio of 119.61, a price-to-earnings-growth ratio of 296.19 and a beta of 0.76.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. During the same period last year, the firm posted $0.02 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis.
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The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.69%. Abercrombie & Fitch’s dividend payout ratio is currently -250.00%.
A number of hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its holdings in Abercrombie & Fitch by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock worth $345,000 after purchasing an additional 100 shares during the period. Capstone Asset Management Co. lifted its holdings in Abercrombie & Fitch by 0.5% in the second quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock worth $397,000 after purchasing an additional 160 shares during the period. Arizona State Retirement System lifted its holdings in Abercrombie & Fitch by 0.6% in the second quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock worth $442,000 after purchasing an additional 200 shares during the period. Suntrust Banks Inc. lifted its holdings in Abercrombie & Fitch by 3.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after acquiring an additional 492 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Abercrombie & Fitch by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock valued at $2,850,000 after acquiring an additional 591 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.
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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