Robert W. Baird Analysts Give Abercrombie & Fitch (ANF) a $16.00 Price Target

Robert W. Baird set a $16.00 price objective on Abercrombie & Fitch (NYSE:ANF) in a research report sent to investors on Saturday, November 18th. The brokerage currently has a hold rating on the apparel retailer’s stock.

Several other equities research analysts have also recently commented on the company. B. Riley reaffirmed a neutral rating on shares of Abercrombie & Fitch in a report on Wednesday, November 1st. William Blair reaffirmed an outperform rating on shares of Abercrombie & Fitch in a report on Tuesday, September 5th. BMO Capital Markets set a $14.00 price target on Abercrombie & Fitch and gave the stock a hold rating in a research note on Tuesday, August 8th. Citigroup raised Abercrombie & Fitch from a neutral rating to a buy rating and upped their target price for the company from $14.00 to $16.00 in a research note on Friday, August 25th. Finally, FBR & Co dropped their price objective on Abercrombie & Fitch from $13.00 to $11.00 and set a neutral rating for the company in a report on Tuesday, August 15th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $12.98.

Shares of Abercrombie & Fitch (NYSE ANF) opened at $17.29 on Friday. The stock has a market capitalization of $1,182.67, a P/E ratio of 133.62, a P/E/G ratio of 11.54 and a beta of 0.96. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 2.08.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The company had revenue of $859.10 million for the quarter, compared to the consensus estimate of $818.41 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. equities analysts forecast that Abercrombie & Fitch will post 0.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently -285.70%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ANF. Cornerstone Capital Management Holdings LLC. bought a new stake in Abercrombie & Fitch during the second quarter worth $114,000. Lorber David A purchased a new stake in shares of Abercrombie & Fitch during the third quarter valued at approximately $126,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Abercrombie & Fitch during the third quarter valued at approximately $133,000. Suntrust Banks Inc. boosted its stake in shares of Abercrombie & Fitch by 3.9% during the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after purchasing an additional 492 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Abercrombie & Fitch by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after purchasing an additional 5,957 shares during the period. 99.31% of the stock is currently 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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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