Abercrombie & Fitch (NYSE:ANF) had its price target hoisted by Morgan Stanley from $13.00 to $14.00 in a research report report published on Tuesday. Morgan Stanley currently has an underweight rating on the apparel retailer’s stock.

Several other research analysts also recently issued reports on ANF. ValuEngine downgraded Abercrombie & Fitch from a buy rating to a hold rating in a research note on Thursday, August 30th. Zacks Investment Research downgraded Abercrombie & Fitch from a strong-buy rating to a hold rating in a research note on Wednesday, August 22nd. JPMorgan Chase & Co. cut their price target on Abercrombie & Fitch from $23.00 to $22.00 and set an underweight rating for the company in a research note on Monday, June 4th. TheStreet raised Abercrombie & Fitch from a c rating to a b- rating in a research note on Thursday, May 17th. Finally, William Blair downgraded Abercrombie & Fitch from an outperform rating to a market perform rating in a research note on Thursday, August 30th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Abercrombie & Fitch currently has a consensus rating of Hold and an average target price of $21.88.

Abercrombie & Fitch stock opened at $22.29 on Tuesday. Abercrombie & Fitch has a one year low of $11.61 and a one year high of $29.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 1.43. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.10. The business had revenue of $842.41 million during the quarter, compared to the consensus estimate of $845.11 million. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.16) EPS. analysts predict that Abercrombie & Fitch will post 0.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, September 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, September 6th. Abercrombie & Fitch’s dividend payout ratio is presently 123.08%.

In related news, insider Stacia J.P. Andersen sold 28,000 shares of Abercrombie & Fitch stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $27.55, for a total transaction of $771,400.00. Following the completion of the sale, the insider now owns 18,251 shares in the company, valued at approximately $502,815.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.95% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan increased its position in Abercrombie & Fitch by 7.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,320 shares of the apparel retailer’s stock worth $717,000 after purchasing an additional 2,150 shares in the last quarter. Swiss National Bank increased its position in Abercrombie & Fitch by 1.9% during the 1st quarter. Swiss National Bank now owns 118,100 shares of the apparel retailer’s stock worth $2,859,000 after purchasing an additional 2,200 shares in the last quarter. Vident Investment Advisory LLC increased its position in Abercrombie & Fitch by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 159,430 shares of the apparel retailer’s stock worth $3,903,000 after purchasing an additional 2,391 shares in the last quarter. Federated Investors Inc. PA increased its position in Abercrombie & Fitch by 1.0% during the 2nd quarter. Federated Investors Inc. PA now owns 255,770 shares of the apparel retailer’s stock worth $6,262,000 after purchasing an additional 2,482 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Abercrombie & Fitch by 1.2% during the 1st quarter. Prudential Financial Inc. now owns 207,519 shares of the apparel retailer’s stock worth $5,024,000 after purchasing an additional 2,520 shares in the last quarter.

About Abercrombie & Fitch

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.

See Also: Fiduciary

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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