Abercrombie & Fitch (ANF) Earns “Buy” Rating from Argus

Argus reiterated their buy rating on shares of Abercrombie & Fitch (NYSE:ANF) in a research note issued to investors on Wednesday, March 14th. They currently have a $22.15 target price on the apparel retailer’s stock, down from their prior target price of $25.00.

Several other equities research analysts have also commented on ANF. Jefferies Group boosted their price target on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the stock a hold rating in a report on Monday, December 18th. Bank of America boosted their price target on shares of Abercrombie & Fitch from $9.00 to $16.00 and gave the stock a sell rating in a report on Wednesday, January 24th. BMO Capital Markets boosted their price target on shares of Abercrombie & Fitch from $12.00 to $16.00 and gave the stock a market perform rating in a report on Friday, November 17th. Standpoint Research lowered shares of Abercrombie & Fitch from an outperform rating to a hold rating in a report on Friday, November 17th. Finally, Royal Bank of Canada boosted their price target on shares of Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a sector perform rating in a report on Tuesday, November 21st. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Abercrombie & Fitch currently has an average rating of Hold and an average target price of $17.57.

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Shares of NYSE:ANF traded up $0.68 during trading on Wednesday, hitting $27.35. 4,714,948 shares of the stock traded hands, compared to its average volume of 2,639,395. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 1.66. The firm has a market cap of $1,816.27, a price-to-earnings ratio of 42.08, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $27.54.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.28. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. sell-side analysts anticipate that Abercrombie & Fitch will post 0.68 earnings per share for the current fiscal year.

The firm also recently announced 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 payout ratio is 123.08%.

In other news, Director Arthur C. Martinez sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.72, for a total transaction of $474,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of Abercrombie & Fitch by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,235 shares of the apparel retailer’s stock valued at $675,000 after acquiring an additional 596 shares during the last quarter. LPL Financial LLC boosted its position in shares of Abercrombie & Fitch by 14.9% during the 4th quarter. LPL Financial LLC now owns 18,193 shares of the apparel retailer’s stock valued at $317,000 after acquiring an additional 2,360 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Abercrombie & Fitch by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 564,238 shares of the apparel retailer’s stock valued at $9,834,000 after acquiring an additional 3,539 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Abercrombie & Fitch by 13.3% during the 3rd quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock valued at $480,000 after acquiring an additional 3,909 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Abercrombie & Fitch by 4.5% during the 4th quarter. Swiss National Bank now owns 115,900 shares of the apparel retailer’s stock valued at $2,020,000 after acquiring an additional 5,000 shares during the last quarter. 99.46% of the stock is currently owned by hedge funds and other institutional investors.

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Abercrombie & Fitch Company Profile

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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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