ValuEngine upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a research report released on Wednesday.
Other equities research analysts have also recently issued reports about the stock. Wedbush upped their price objective on shares of Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. TheStreet upgraded shares of Abercrombie & Fitch from a c+ rating to a b- rating in a report on Friday, January 25th. Nomura set a $17.00 price objective on shares of Abercrombie & Fitch and gave the stock a hold rating in a report on Monday, November 26th. Telsey Advisory Group reiterated a market perform rating and issued a $23.00 price objective (up from $20.00) on shares of Abercrombie & Fitch in a report on Friday, November 30th. Finally, Royal Bank of Canada upped their price objective on shares of Abercrombie & Fitch from $23.00 to $24.00 and gave the stock a sector perform rating in a report on Friday, November 30th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $22.01.
Shares of NYSE:ANF opened at $25.70 on Wednesday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 1.36 and a beta of 0.62. Abercrombie & Fitch has a 1 year low of $15.28 and a 1 year high of $29.69. 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 (NYSE:ANF) last issued its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.20. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Abercrombie & Fitch had a net margin of 1.43% and a return on equity of 7.23%. Abercrombie & Fitch’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. As a group, equities analysts anticipate that Abercrombie & Fitch will post 0.95 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 8th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, March 7th. Abercrombie & Fitch’s dividend payout ratio (DPR) is 123.08%.
A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Abercrombie & Fitch during the fourth quarter valued at about $25,718,000. HighPoint Advisor Group LLC bought a new stake in Abercrombie & Fitch during the fourth quarter valued at about $569,000. Nordea Investment Management AB boosted its holdings in Abercrombie & Fitch by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 101,000 shares of the apparel retailer’s stock valued at $2,025,000 after acquiring an additional 900 shares during the period. APG Asset Management N.V. boosted its holdings in Abercrombie & Fitch by 230.4% during the fourth quarter. APG Asset Management N.V. now owns 33,700 shares of the apparel retailer’s stock valued at $591,000 after acquiring an additional 23,500 shares during the period. Finally, Millennium Management LLC boosted its holdings in Abercrombie & Fitch by 568.0% during the fourth quarter. Millennium Management LLC now owns 226,834 shares of the apparel retailer’s stock valued at $4,548,000 after acquiring an additional 192,875 shares during the period.
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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