Abercrombie & Fitch (NYSE:ANF) Shares Gap Up to $17.08

Abercrombie & Fitch Co. (NYSE:ANF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $16.45, but opened at $17.08. Abercrombie & Fitch shares last traded at $17.36, with a volume of 3,219,315 shares.

A number of equities analysts recently weighed in on ANF shares. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Bank of America set a $165.00 price objective on shares of PVH and gave the stock a “buy” rating in a research report on Thursday, May 30th. Wedbush set a $9.00 price objective on shares of GameStop and gave the stock a “buy” rating in a research report on Thursday. B. Riley set a $26.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, June 5th. Finally, Argus cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $22.33.

The firm has a market cap of $1.13 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 1.32. The business has a fifty day moving average of $17.31.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.14. The company had revenue of $733.97 million for the quarter, compared to analyst estimates of $730.79 million. Abercrombie & Fitch had a net margin of 2.76% and a return on equity of 8.73%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.56) EPS. Research analysts predict that Abercrombie & Fitch Co. will post 0.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, June 7th were issued a $0.20 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.61%. Abercrombie & Fitch’s payout ratio is 69.57%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Abercrombie & Fitch by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 25,501 shares of the apparel retailer’s stock valued at $699,000 after purchasing an additional 461 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Abercrombie & Fitch by 0.3% in the 1st quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock valued at $5,441,000 after purchasing an additional 544 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 21,146 shares of the apparel retailer’s stock valued at $580,000 after purchasing an additional 698 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Abercrombie & Fitch by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 101,000 shares of the apparel retailer’s stock valued at $2,025,000 after purchasing an additional 900 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Abercrombie & Fitch by 1.4% in the 1st quarter. Comerica Bank now owns 66,970 shares of the apparel retailer’s stock valued at $1,707,000 after purchasing an additional 924 shares in the last quarter.

About Abercrombie & Fitch (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, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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