Shares of Abercrombie & Fitch Co. (NYSE:ANF) were down 2.7% during mid-day trading on Tuesday . The stock traded as low as $16.86 and last traded at $16.87, with a volume of 1,309,346 shares traded. The stock had previously closed at $17.33.

Several analysts have recently issued reports on ANF shares. Stifel Nicolaus reissued a “buy” rating and set a $35.00 target price on shares of Abercrombie & Fitch Co. in a report on Monday, May 23rd. SunTrust Banks Inc. reduced their target price on Abercrombie & Fitch Co. from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, May 27th. Jefferies Group reissued a “buy” rating on shares of Abercrombie & Fitch Co. in a report on Sunday, May 29th. Vetr raised Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating and set a $19.65 target price on the stock in a report on Thursday, June 9th. Finally, Standpoint Research raised Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a report on Tuesday, August 30th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have issued a buy rating to the company. Abercrombie & Fitch Co. has a consensus rating of “Hold” and a consensus target price of $22.82.

The company has a market cap of $1.14 billion, a P/E ratio of 24.78 and a beta of 1.32. The stock’s 50-day moving average is $19.97 and its 200 day moving average is $23.31.

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

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in Abercrombie & Fitch Co. by 370.5% in the first quarter. Renaissance Technologies LLC now owns 1,427,100 shares of the apparel retailer’s stock worth $45,011,000 after buying an additional 1,123,800 shares during the last quarter. BlackRock Inc. raised its position in shares of 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 in the last quarter. Paradice Investment Management LLC raised its position in shares of Abercrombie & Fitch Co. by 10.8% in the second quarter. Paradice Investment Management LLC now owns 1,050,107 shares of the apparel retailer’s stock valued at $18,702,000 after buying an additional 102,585 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Abercrombie & Fitch Co. by 151.9% in the first quarter. Meeder Asset Management Inc. now owns 55,899 shares of the apparel retailer’s stock valued at $1,763,000 after buying an additional 33,707 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new position in shares of Abercrombie & Fitch Co. during the first quarter valued at about $249,000.

About Abercrombie & Fitch Co.

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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