Abercrombie & Fitch Co. (ANF) Receives $23.36 Average PT from Brokerages

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $23.36.

ANF has been the topic of a number of research reports. Wedbush raised their target price on shares of Abercrombie & Fitch from $17.00 to $19.00 in a research note on Friday, December 28th. TheStreet raised shares of Abercrombie & Fitch from a “c+” rating to a “b-” rating in a research note on Friday, January 25th. Argus raised their target price on shares of Abercrombie & Fitch to $28.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Zacks Investment Research raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Thursday, March 7th. Finally, ValuEngine raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th.

ANF traded up $0.44 during trading on Wednesday, reaching $26.90. The company’s stock had a trading volume of 2,541,407 shares, compared to its average volume of 2,397,115. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.39 and a quick ratio of 1.61. Abercrombie & Fitch has a 1 year low of $15.28 and a 1 year high of $29.69. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.21 and a beta of 0.60.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.20. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $1.38 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts anticipate that Abercrombie & Fitch will post 1.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Thursday, March 7th. Abercrombie & Fitch’s payout ratio is presently 69.57%.

In other news, Director Nigel Travis purchased 2,917 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $25.70 per share, with a total value of $74,966.90. Following the transaction, the director now owns 2,917 shares in the company, valued at $74,966.90. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.95% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Abercrombie & Fitch by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after buying an additional 1,119,930 shares during the period. Vanguard Group Inc raised its position in shares of Abercrombie & Fitch by 11.1% during the 3rd quarter. Vanguard Group Inc now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after buying an additional 1,119,930 shares during the period. BlackRock Inc. raised its position in shares of Abercrombie & Fitch by 1.1% during the 4th quarter. BlackRock Inc. now owns 9,748,353 shares of the apparel retailer’s stock valued at $195,453,000 after buying an additional 106,499 shares during the period. Contrarius Investment Management Ltd purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at approximately $57,945,000. Finally, Paradice Investment Management LLC raised its position in shares of Abercrombie & Fitch by 0.6% during the 4th quarter. Paradice Investment Management LLC now owns 2,709,930 shares of the apparel retailer’s stock valued at $54,334,000 after buying an additional 14,841 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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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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