Abercrombie & Fitch Company (ANF) Price Target Increased to $13.00 by Analysts at Wolfe Research

Abercrombie & Fitch Company (NYSE:ANF) had its target price increased by Wolfe Research from $9.00 to $13.00 in a research report released on Monday. The firm currently has an underperform rating on the apparel retailer’s stock.

ANF has been the topic of several other reports. Royal Bank Of Canada raised Abercrombie & Fitch from an underperform rating to a sector perform rating and upped their target price for the company from $12.00 to $14.00 in a research report on Thursday, August 31st. Zacks Investment Research lowered Abercrombie & Fitch from a buy rating to a hold rating in a research report on Friday, October 27th. J P Morgan Chase & Co lowered Abercrombie & Fitch from a neutral rating to an underweight rating and reduced their target price for the company from $12.00 to $10.00 in a research report on Wednesday, November 1st. Standpoint Research lowered Abercrombie & Fitch from an outperform rating to a hold rating in a research report on Friday. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $12.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, September 28th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $12.98.

Shares of Abercrombie & Fitch (ANF) traded up $1.49 during midday trading on Monday, hitting $17.04. The company had a trading volume of 10,503,300 shares, compared to its average volume of 3,610,455. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1,160.00, a PE ratio of 119.61, a P/E/G ratio of 296.19 and a beta of 0.76. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $17.19.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. During the same period in the prior year, the company posted $0.02 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, December 1st will be given a $0.20 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.69%. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -250.00%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its position in shares of Abercrombie & Fitch by 13.3% in the third quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock valued at $480,000 after acquiring an additional 3,909 shares in the last quarter. Lorber David A purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $126,000. FrontFour Capital Group LLC purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $7,816,000. Sterling Capital Management LLC purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $969,000. Finally, California Public Employees Retirement System lifted its position in shares of Abercrombie & Fitch by 22.3% in the third quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock valued at $8,796,000 after acquiring an additional 111,171 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

About Abercrombie & Fitch

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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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