Abercrombie & Fitch Co. (NYSE:ANF) Director Kerrii B. Anderson purchased 2,000 shares of Abercrombie & Fitch stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average cost of $19.72 per share, for a total transaction of $39,440.00. Following the completion of the transaction, the director now owns 6,686 shares of the company’s stock, valued at approximately $131,847.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE ANF traded up $0.38 during mid-day trading on Thursday, hitting $19.25. The stock had a trading volume of 71,215 shares, compared to its average volume of 4,168,782. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.19 and a quick ratio of 1.22. Abercrombie & Fitch Co. has a twelve month low of $15.28 and a twelve month high of $29.69. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.65 and a beta of 0.52.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, November 29th. The apparel retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. Abercrombie & Fitch had a return on equity of 7.23% and a net margin of 1.43%. The firm had revenue of $861.00 million for the quarter, compared to the consensus estimate of $856.34 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue was up .2% on a year-over-year basis. Research analysts expect that Abercrombie & Fitch Co. will post 0.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, December 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Thursday, December 6th. Abercrombie & Fitch’s payout ratio is 123.08%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANF. Principal Financial Group Inc. increased its position in shares of Abercrombie & Fitch by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 521,332 shares of the apparel retailer’s stock valued at $12,621,000 after acquiring an additional 12,367 shares during the period. Bank of Montreal Can increased its position in shares of Abercrombie & Fitch by 2,604.2% in the 2nd quarter. Bank of Montreal Can now owns 181,884 shares of the apparel retailer’s stock valued at $4,453,000 after acquiring an additional 175,158 shares during the period. TD Asset Management Inc. acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $1,234,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $395,000. Finally, Wedge Capital Management L L P NC increased its position in shares of Abercrombie & Fitch by 17.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 24,056 shares of the apparel retailer’s stock valued at $589,000 after acquiring an additional 3,639 shares during the period.
A number of brokerages have recently issued reports on ANF. Zacks Investment Research downgraded Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. William Blair downgraded Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 30th. ValuEngine downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch to $19.00 and gave the stock an “underweight” rating in a research report on Friday, August 31st. Finally, Morgan Stanley upped their price target on Abercrombie & Fitch from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 4th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.94.
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About Abercrombie & Fitch
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.
Further Reading: Debt-To-Equity Ratio
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