DA Davidson began coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $18.00 price objective on the apparel retailer’s stock.

A number of other brokerages have also issued reports on ANF. ValuEngine lowered Abercrombie & Fitch from a hold rating to a sell rating in a research note on Friday, August 30th. Royal Bank of Canada decreased their price target on Abercrombie & Fitch from $20.00 to $17.00 and set a sector perform rating for the company in a research note on Friday, August 30th. Argus lowered Abercrombie & Fitch from a buy rating to a hold rating in a research note on Friday, May 31st. Citigroup set a $29.00 price target on Abercrombie & Fitch and gave the company a buy rating in a research note on Friday, August 30th. Finally, B. Riley set a $15.00 price target on Abercrombie & Fitch and gave the company a hold rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Abercrombie & Fitch currently has an average rating of Hold and an average target price of $19.64.

Shares of ANF stock opened at $15.72 on Tuesday. Abercrombie & Fitch has a 12-month low of $13.58 and a 12-month high of $30.63. The firm has a market capitalization of $988.16 million, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95. The business has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $20.90. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 0.87.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.04. Abercrombie & Fitch had a return on equity of 5.84% and a net margin of 2.00%. The business had revenue of $841.08 million during the quarter, compared to analyst estimates of $847.96 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Abercrombie & Fitch will post 0.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Thursday, September 5th. Abercrombie & Fitch’s payout ratio is currently 69.57%.

Several large investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Abercrombie & Fitch by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 25,501 shares of the apparel retailer’s stock valued at $699,000 after acquiring an additional 461 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Abercrombie & Fitch by 0.3% during the 1st quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock valued at $5,441,000 after acquiring an additional 544 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Abercrombie & Fitch by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 21,146 shares of the apparel retailer’s stock valued at $580,000 after acquiring an additional 698 shares during the last quarter. Gagnon Securities LLC lifted its position in shares of Abercrombie & Fitch by 3.1% during the 2nd quarter. Gagnon Securities LLC now owns 23,677 shares of the apparel retailer’s stock valued at $380,000 after acquiring an additional 706 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Abercrombie & Fitch by 1.4% during the 1st quarter. Comerica Bank now owns 66,970 shares of the apparel retailer’s stock valued at $1,707,000 after acquiring an additional 924 shares during the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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