Abercrombie & Fitch (NYSE:ANF) rose 0.2% during mid-day trading on Thursday . The stock traded as high as $26.35 and last traded at $26.35. Approximately 1,804,156 shares traded hands during trading, a decline of 35% from the average daily volume of 2,794,532 shares. The stock had previously closed at $26.30.
ANF has been the topic of several analyst reports. Argus raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.95 to $25.00 in a research report on Friday, January 19th. They noted that the move was a valuation call. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 target price (up from $24.00) on shares of Abercrombie & Fitch in a research report on Thursday, March 8th. Zacks Investment Research lowered Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Royal Bank of Canada set a $27.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Finally, BMO Capital Markets set a $23.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Abercrombie & Fitch presently has a consensus rating of “Hold” and a consensus price target of $17.57.
The firm has a market cap of $1,791.08, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 2.76 and a beta of 0.90. The company has a quick ratio of 1.66, a current ratio of 2.49 and a debt-to-equity ratio of 0.24.
Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.28. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Abercrombie & Fitch had a return on equity of 4.86% and a net margin of 0.20%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. research analysts anticipate that Abercrombie & Fitch will post 0.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio (DPR) is 123.08%.
In other news, Director Arthur C. Martinez sold 20,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total transaction of $474,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of ANF. Glassman Wealth Services bought a new position in Abercrombie & Fitch during the fourth quarter valued at about $122,000. Lorber David A bought a new position in Abercrombie & Fitch during the third quarter valued at about $126,000. Meadow Creek Investment Management LLC bought a new position in Abercrombie & Fitch during the fourth quarter valued at about $154,000. LMR Partners LLP bought a new position in Abercrombie & Fitch during the fourth quarter valued at about $212,000. Finally, AXA bought a new position in Abercrombie & Fitch during the fourth quarter valued at about $241,000. 99.46% of the stock is currently owned by institutional investors.
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About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.
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