Abercrombie & Fitch Co. (NYSE:ANF) shares were down 5.5% on Thursday . The stock traded as low as $21.22 and last traded at $21.29. Approximately 3,512,372 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 2,798,770 shares. The stock had previously closed at $22.54.
Several analysts have recently commented on the company. TheStreet upgraded Abercrombie & Fitch from a “c” rating to a “b-” rating in a research note on Thursday, May 17th. ValuEngine downgraded Abercrombie & Fitch from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, July 31st. William Blair downgraded Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 30th. Finally, Morgan Stanley raised their target price on Abercrombie & Fitch from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Abercrombie & Fitch presently has an average rating of “Hold” and a consensus target price of $21.88.
The company has a market cap of $1.44 billion, a PE ratio of 30.86, a PEG ratio of 1.84 and a beta of 0.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 1.67.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10. The business had revenue of $842.41 million during the quarter, compared to the consensus estimate of $845.11 million. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS. equities research analysts expect that Abercrombie & Fitch Co. will post 0.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, September 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.80 dividend on an annualized basis and a yield of 3.99%. Abercrombie & Fitch’s dividend payout ratio (DPR) is currently 123.08%.
In other Abercrombie & Fitch news, insider Stacia J.P. Andersen sold 28,000 shares of Abercrombie & Fitch stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $27.55, for a total transaction of $771,400.00. Following the completion of the transaction, the insider now owns 18,251 shares in the company, valued at approximately $502,815.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan boosted its stake in Abercrombie & Fitch by 7.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,320 shares of the apparel retailer’s stock valued at $717,000 after purchasing an additional 2,150 shares during the last quarter. Swiss National Bank boosted its stake in shares of Abercrombie & Fitch by 1.9% in the 1st quarter. Swiss National Bank now owns 118,100 shares of the apparel retailer’s stock worth $2,859,000 after buying an additional 2,200 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in shares of Abercrombie & Fitch by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 159,430 shares of the apparel retailer’s stock worth $3,903,000 after buying an additional 2,391 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of Abercrombie & Fitch by 1.0% in the 2nd quarter. Federated Investors Inc. PA now owns 255,770 shares of the apparel retailer’s stock worth $6,262,000 after buying an additional 2,482 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Abercrombie & Fitch by 1.2% in the 1st quarter. Prudential Financial Inc. now owns 207,519 shares of the apparel retailer’s stock worth $5,024,000 after buying an additional 2,520 shares during the last quarter.
Abercrombie & Fitch Company Profile (NYSE:ANF)
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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