Abercrombie & Fitch Company (ANF) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Abercrombie & Fitch Company (NYSE:ANF) from a sell rating to a hold rating in a research note issued to investors on Friday.

ANF has been the topic of a number of other research reports. Royal Bank Of Canada upgraded Abercrombie & Fitch from an underperform rating to a sector perform rating and increased their price objective for the stock from $12.00 to $14.00 in a report on Thursday, August 31st. Zacks Investment Research cut Abercrombie & Fitch from a buy rating to a hold rating in a research report on Friday, October 27th. J P Morgan Chase & Co cut Abercrombie & Fitch from a neutral rating to an underweight rating and decreased their target price for the stock from $12.00 to $10.00 in a research report on Wednesday, November 1st. Standpoint Research cut 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. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $13.03.

Abercrombie & Fitch (NYSE:ANF) opened at $17.04 on Friday. The firm has a market capitalization of $1,160.00, a PE ratio of 119.61, a PEG ratio of 296.19 and a beta of 0.76. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $17.19. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $818.41 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://sportsperspectives.com/2017/11/21/abercrombie-fitch-company-anf-stock-rating-upgraded-by-valuengine.html.

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

Several large investors have recently added to or reduced their stakes in ANF. UBS Asset Management Americas Inc. lifted its holdings in shares of Abercrombie & Fitch by 94.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 64,668 shares of the apparel retailer’s stock valued at $771,000 after purchasing an additional 31,404 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Abercrombie & Fitch by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 119,411 shares of the apparel retailer’s stock valued at $1,425,000 after purchasing an additional 2,110 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Abercrombie & Fitch by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 6,076,778 shares of the apparel retailer’s stock valued at $72,496,000 after purchasing an additional 171,376 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Abercrombie & Fitch by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 493,184 shares of the apparel retailer’s stock valued at $5,883,000 after purchasing an additional 35,121 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Abercrombie & Fitch during the 1st quarter valued at about $431,000. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

Receive News & Ratings for Abercrombie & Fitch Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply