Abercrombie & Fitch Co. (ANF) Sees Unusually-High Trading Volume
Shares of Abercrombie & Fitch Co. (NYSE:ANF) saw an uptick in trading volume on Monday . 2,032,016 shares changed hands during trading, an increase of 9% from the previous session’s volume of 1,860,820 shares.The stock last traded at $23.02 and had previously closed at $22.62.
Several brokerages have weighed in on ANF. Zacks Investment Research cut Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Goldman Sachs Group Inc. reissued a “sell” rating and set a $13.00 price objective on shares of Abercrombie & Fitch Co. in a research note on Thursday, May 5th. Wunderlich reissued a “hold” rating and set a $21.00 price objective on shares of Abercrombie & Fitch Co. in a research note on Monday, May 23rd. Stifel Nicolaus reissued a “buy” rating and set a $35.00 price objective on shares of Abercrombie & Fitch Co. in a research note on Monday, May 23rd. Finally, Jefferies Group reissued a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Sunday, May 22nd. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the stock. Abercrombie & Fitch Co. has an average rating of “Hold” and a consensus target price of $24.60.
The company has a market cap of $1.55 billion and a P/E ratio of 26.94. The firm has a 50 day moving average of $20.94 and a 200 day moving average of $24.37.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings results on Thursday, May 26th. The apparel retailer reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.08. During the same period in the previous year, the company earned ($0.53) earnings per share. The business had revenue of $685.50 million for the quarter, compared to the consensus estimate of $709.48 million. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts anticipate that Abercrombie & Fitch Co. will post $0.80 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.49%.
A hedge fund recently raised its stake in Abercrombie & Fitch Co. stock. Morgan Stanley boosted its stake in Abercrombie & Fitch Co. (NYSE:ANF) by 480.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 671,466 shares of the apparel retailer’s stock after buying an additional 555,777 shares during the period. Morgan Stanley owned about 1.00% of Abercrombie & Fitch Co. worth $18,130,000 as of its most recent filing with the SEC.
Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.
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