Abercrombie & Fitch Co. (NYSE:ANF) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm currently has a $19.36 price objective on the apparel retailer’s stock. Vetr‘s price target indicates a potential upside of 14.90% from the company’s current price.

Several other equities research analysts have also commented on ANF. SunTrust Banks Inc. reduced their price target on shares of Abercrombie & Fitch Co. from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, May 27th. Citigroup Inc. reduced their price objective on shares of Abercrombie & Fitch Co. from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Cowen and Company reiterated a “hold” rating and set a $20.00 price objective (down previously from $25.00) on shares of Abercrombie & Fitch Co. in a research note on Sunday, May 29th. FBR & Co reiterated a “hold” rating on shares of Abercrombie & Fitch Co. in a research note on Sunday, May 29th. Finally, Jefferies Group reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Sunday, May 29th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.77.

Abercrombie & Fitch Co. (NYSE:ANF) opened at 16.85 on Wednesday. The stock’s 50 day moving average is $19.86 and its 200 day moving average is $23.20. The stock has a market cap of $1.14 billion, a PE ratio of 24.78 and a beta of 1.32. Abercrombie & Fitch Co. has a 52 week low of $16.49 and a 52 week high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Tuesday, August 30th. The apparel retailer reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.05. Abercrombie & Fitch Co. had a net margin of 1.36% and a return on equity of 3.98%. The business earned $783.20 million during the quarter, compared to the consensus estimate of $782.64 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts predict that Abercrombie & Fitch Co. will post $0.50 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, September 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend was Wednesday, August 31st. Abercrombie & Fitch Co.’s payout ratio is currently 119.40%.

In other news, Director Craig R. Stapleton acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average cost of $17.65 per share, for a total transaction of $176,500.00. Following the completion of the transaction, the director now owns 57,398 shares in the company, valued at $1,013,074.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bonadies Fran Horowitz acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average price of $17.32 per share, with a total value of $259,800.00. Following the completion of the transaction, the insider now owns 44,701 shares of the company’s stock, valued at approximately $774,221.32. The disclosure for this purchase can be found here. Corporate insiders own 0.85% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in Abercrombie & Fitch Co. by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,669 shares of the apparel retailer’s stock valued at $208,000 after buying an additional 75 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Abercrombie & Fitch Co. by 1.5% in the second quarter. BlackRock Advisors LLC now owns 31,846 shares of the apparel retailer’s stock valued at $567,000 after buying an additional 472 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Abercrombie & Fitch Co. by 3.5% in the second quarter. Ameritas Investment Partners Inc. now owns 16,056 shares of the apparel retailer’s stock valued at $286,000 after buying an additional 545 shares during the last quarter. BlackRock Inc. boosted its stake in Abercrombie & Fitch Co. by 2.9% in the first quarter. BlackRock Inc. now owns 27,951 shares of the apparel retailer’s stock valued at $882,000 after buying an additional 782 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Abercrombie & Fitch Co. by 4.8% in the second quarter. PNC Financial Services Group Inc. now owns 17,431 shares of the apparel retailer’s stock valued at $310,000 after buying an additional 792 shares during the last quarter.

Abercrombie & Fitch Co. Company Profile

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.

5 Day Chart for NYSE:ANF

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