Abercrombie & Fitch (ANF) Trading Down 8.2%
Abercrombie & Fitch Co. (NYSE:ANF)’s share price traded down 8.2% during trading on Thursday . The company traded as low as $18.53 and last traded at $19.26. 3,778,293 shares were traded during mid-day trading, an increase of 43% from the average session volume of 2,637,656 shares. The stock had previously closed at $20.99.
A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Thursday, December 20th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price (up from $20.00) on shares of Abercrombie & Fitch in a report on Friday, November 30th. Nomura set a $17.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a report on Monday, November 26th. Royal Bank of Canada lifted their target price on shares of Abercrombie & Fitch from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, November 30th. Finally, Wedbush lifted their target price on shares of Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Abercrombie & Fitch currently has a consensus rating of “Hold” and a consensus price target of $21.08.
The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 2.19. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.50.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Friday, December 7th were given a $0.20 dividend. The ex-dividend date was Thursday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 3.98%. Abercrombie & Fitch’s dividend payout ratio (DPR) is 123.08%.
In other news, Director Kerrii B. Anderson acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were purchased at an average cost of $19.72 per share, for a total transaction of $39,440.00. Following the transaction, the director now directly owns 6,686 shares in the company, valued at approximately $131,847.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.95% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Abercrombie & Fitch in the 2nd quarter valued at $190,000. Kessler Investment Group LLC purchased a new position in Abercrombie & Fitch in the 3rd quarter valued at $191,000. AMP Capital Investors Ltd purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth $259,000. USA Financial Portformulas Corp purchased a new stake in shares of Abercrombie & Fitch during the 3rd quarter worth $278,000. Finally, Hartford Investment Management Co. purchased a new stake in shares of Abercrombie & Fitch during the 3rd quarter worth $285,000.
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, 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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