Abercrombie & Fitch Co. (NYSE:ANF) has been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $23.36.

A number of analysts have commented on ANF shares. ValuEngine lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Argus boosted their price target on Abercrombie & Fitch to $28.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Deutsche Bank set a $24.00 price target on Abercrombie & Fitch and gave the company a “sell” rating in a report on Thursday, March 7th. Wedbush set a $23.00 price objective on Abercrombie & Fitch and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Thursday, March 7th.

NYSE:ANF opened at $24.74 on Wednesday. Abercrombie & Fitch has a 52 week low of $15.28 and a 52 week high of $29.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.61 and a current ratio of 2.39. The company has a market cap of $1.72 billion, a PE ratio of 21.51, a PEG ratio of 1.22 and a beta of 0.59.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.20. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. As a group, equities analysts predict that Abercrombie & Fitch will post 1.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, March 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Thursday, March 7th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently 69.57%.

In related news, Director Nigel Travis bought 2,917 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of $25.70 per share, for a total transaction of $74,966.90. Following the purchase, the director now owns 2,917 shares in the company, valued at $74,966.90. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.95% of the company’s stock.

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in shares of Abercrombie & Fitch by 8.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,197 shares of the apparel retailer’s stock worth $204,000 after purchasing an additional 763 shares during the period. ClariVest Asset Management LLC increased its holdings in Abercrombie & Fitch by 0.9% during the fourth quarter. ClariVest Asset Management LLC now owns 101,000 shares of the apparel retailer’s stock valued at $2,025,000 after buying an additional 900 shares during the last quarter. Nordea Investment Management AB raised its position in Abercrombie & Fitch by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 101,000 shares of the apparel retailer’s stock worth $2,025,000 after acquiring an additional 900 shares during the period. Texas Permanent School Fund raised its position in Abercrombie & Fitch by 2.2% in the fourth quarter. Texas Permanent School Fund now owns 43,087 shares of the apparel retailer’s stock worth $864,000 after acquiring an additional 946 shares during the period. Finally, Commonwealth Bank of Australia raised its position in Abercrombie & Fitch by 12.0% in the fourth quarter. Commonwealth Bank of Australia now owns 20,600 shares of the apparel retailer’s stock worth $413,000 after acquiring an additional 2,200 shares during the period.

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.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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