Abercrombie & Fitch Company (ANF) PT Set at $9.00 by Bank of America Corporation
Bank of America Corporation set a $9.00 target price on Abercrombie & Fitch Company (NYSE:ANF) in a report issued on Monday morning. The brokerage currently has a sell rating on the apparel retailer’s stock.
A number of other research firms have also issued reports on ANF. ValuEngine raised Abercrombie & Fitch from a sell rating to a hold rating in a report on Friday, November 17th. BMO Capital Markets raised their price target on Abercrombie & Fitch from $12.00 to $16.00 and gave the stock a market perform rating in a report on Friday, November 17th. Robert W. Baird set a $16.00 price target on Abercrombie & Fitch and gave the stock a hold rating in a report on Saturday, November 18th. Citigroup Inc. reissued a buy rating and set a $18.00 price target (up previously from $16.00) on shares of Abercrombie & Fitch in a report on Monday. Finally, B. Riley set a $11.00 price target on Abercrombie & Fitch and gave the stock a hold rating in a report on Monday. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $12.98.
Abercrombie & Fitch (NYSE ANF) opened at $16.62 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $17.19. The stock has a market capitalization of $1,131.61, a PE ratio of 127.85, a P/E/G ratio of 11.04 and a beta of 0.76.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. During the same quarter last year, the company posted $0.02 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. analysts expect that Abercrombie & Fitch will post 0.11 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, December 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio is presently -285.70%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Lorber David A purchased a new stake in Abercrombie & Fitch in the 3rd quarter valued at approximately $126,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Abercrombie & Fitch in the 2nd quarter valued at approximately $114,000. Old Mutual Global Investors UK Ltd. purchased a new stake in Abercrombie & Fitch in the 3rd quarter valued at approximately $133,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in Abercrombie & Fitch in the 2nd quarter valued at approximately $208,000. Finally, Suntrust Banks Inc. boosted its holdings in Abercrombie & Fitch by 3.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after purchasing an additional 492 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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