Shares of Abercrombie & Fitch Co. (NYSE:ANF) gapped down before the market opened on Friday . The stock had previously closed at $19.00, but opened at $19.26. Abercrombie & Fitch shares last traded at $20.27, with a volume of 86254 shares changing hands.

A number of equities analysts have recently weighed in on the stock. Wedbush upped their price target on shares of Abercrombie & Fitch from $17.00 to $19.00 in a research note on Friday, December 28th. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Royal Bank of Canada increased their target price on shares of Abercrombie & Fitch from $23.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, November 30th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price (up from $20.00) on shares of Abercrombie & Fitch in a research report on Friday, November 30th. Finally, Nomura set a $17.00 target price on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Monday, November 26th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.08.

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 1.78 and a beta of 0.50. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Thursday, November 29th. The apparel retailer reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.13. The company had revenue of $861.00 million during the quarter, compared to analyst estimates of $856.34 million. Abercrombie & Fitch had a net margin of 1.43% and a return on equity of 7.23%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, equities research analysts predict that Abercrombie & Fitch Co. will post 0.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Friday, December 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, December 6th. Abercrombie & Fitch’s payout ratio is 123.08%.

In related news, Director Kerrii B. Anderson purchased 2,000 shares of the 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 completion of the acquisition, the director now directly owns 6,686 shares in the company, valued at approximately $131,847.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.95% of the company’s stock.

Several institutional investors have recently modified their holdings of ANF. Morgan Stanley increased its holdings in shares of Abercrombie & Fitch by 309.1% in the third quarter. Morgan Stanley now owns 1,609,414 shares of the apparel retailer’s stock valued at $33,991,000 after purchasing an additional 1,215,986 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Abercrombie & Fitch by 11.1% in the third quarter. Vanguard Group Inc now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after purchasing an additional 1,119,930 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Abercrombie & Fitch by 11.1% in the third quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after purchasing an additional 1,119,930 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Abercrombie & Fitch by 53.4% in the third quarter. Bank of New York Mellon Corp now owns 2,486,909 shares of the apparel retailer’s stock valued at $52,523,000 after purchasing an additional 865,643 shares in the last quarter. Finally, Tyvor Capital LLC boosted its stake in Abercrombie & Fitch by 520.7% in the third quarter. Tyvor Capital LLC now owns 930,976 shares of the apparel retailer’s stock valued at $19,662,000 after acquiring an additional 780,976 shares during the last quarter.

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About Abercrombie & Fitch (NYSE:ANF)

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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