Abercrombie & Fitch Co. (NYSE:ANF) was up 0% during trading on Wednesday . The company traded as high as $27.63 and last traded at $27.53. Approximately 2,853,688 shares were traded during trading, a decline of 4% from the average daily volume of 2,985,205 shares. The stock had previously closed at $27.53.
A number of equities research analysts have commented on ANF shares. TheStreet upgraded shares of Abercrombie & Fitch from a “c” rating to a “b-” rating in a research note on Thursday, May 17th. Argus restated a “buy” rating and set a $22.15 target price (down previously from $25.00) on shares of Abercrombie & Fitch in a research note on Wednesday, March 14th. ValuEngine upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. BMO Capital Markets set a $23.00 target price on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Finally, Jefferies Financial Group set a $24.00 target price on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.99.
The stock has a market cap of $1.75 billion, a PE ratio of 42.35, a P/E/G ratio of 2.54 and a beta of 0.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.67 and a current ratio of 2.54.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Friday, June 1st. The apparel retailer reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.77) by $0.21. The firm had revenue of $730.90 million for the quarter, compared to analysts’ expectations of $695.68 million. Abercrombie & Fitch had a net margin of 0.74% and a return on equity of 5.72%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.91) earnings per share. equities analysts expect that Abercrombie & Fitch Co. will post 0.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Stockholders of record on Friday, June 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, June 7th. Abercrombie & Fitch’s payout ratio is currently 123.08%.
In related news, Director Kerrii B. Anderson acquired 2,000 shares of Abercrombie & Fitch stock in a transaction dated Tuesday, June 5th. The shares were purchased at an average price of $24.03 per share, for a total transaction of $48,060.00. Following the completion of the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $60,075. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.95% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Abercrombie & Fitch by 4.3% in the first quarter. BlackRock Inc. now owns 9,246,433 shares of the apparel retailer’s stock valued at $223,856,000 after purchasing an additional 377,954 shares in the last quarter. Paradice Investment Management LLC grew its holdings in shares of Abercrombie & Fitch by 3.2% in the first quarter. Paradice Investment Management LLC now owns 2,718,069 shares of the apparel retailer’s stock valued at $65,777,000 after purchasing an additional 83,438 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Abercrombie & Fitch by 1.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,228,734 shares of the apparel retailer’s stock valued at $29,749,000 after purchasing an additional 12,528 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Abercrombie & Fitch by 968.7% in the fourth quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock valued at $19,601,000 after purchasing an additional 1,019,343 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Abercrombie & Fitch in the fourth quarter valued at $12,907,000.
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.
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