Abercrombie & Fitch (ANF) Shares Gap Down to $19.26

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Abercrombie & Fitch Co. (NYSE:ANF) gapped down prior to trading on Friday . The stock had previously closed at $19.00, but opened at $19.26. Abercrombie & Fitch shares last traded at $20.27, with a volume of 86254 shares trading hands.

Several equities research analysts recently commented on ANF shares. Wedbush cut their price objective on shares of Abercrombie & Fitch from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, October 11th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $16.00 price target on shares of Abercrombie & Fitch in a research note on Thursday, October 11th. Deutsche Bank upgraded shares of Abercrombie & Fitch to a “sell” rating and set a $15.00 price target on the stock in a research note on Monday, November 26th. Royal Bank of Canada lifted their price target on shares of Abercrombie & Fitch from $23.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, November 30th. Finally, Nomura set a $17.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, November 26th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.08.

The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.78 and a beta of 0.50. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 0.26.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, November 29th. The apparel retailer reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $861.00 million for the quarter, compared to analyst estimates of $856.34 million. Abercrombie & Fitch had a net margin of 1.43% and a return on equity of 7.23%. Abercrombie & Fitch’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, equities research analysts forecast that Abercrombie & Fitch Co. will post 0.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Friday, December 7th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 3.98%. Abercrombie & Fitch’s dividend payout ratio is presently 123.08%.

In other news, Director Kerrii B. Anderson acquired 2,000 shares of the stock in a transaction dated Tuesday, December 4th. The shares were bought at an average cost of $19.72 per share, for a total transaction of $39,440.00. Following the purchase, the director now directly owns 6,686 shares of the company’s stock, valued at $131,847.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in Abercrombie & Fitch in the 2nd quarter valued at about $190,000. Kessler Investment Group LLC acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at about $191,000. AMP Capital Investors Ltd acquired a new position in Abercrombie & Fitch in the 2nd quarter valued at about $259,000. USA Financial Portformulas Corp acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at about $278,000. Finally, Hartford Investment Management Co. acquired a new position in Abercrombie & Fitch in the 3rd quarter valued at about $285,000.

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Abercrombie & Fitch Company Profile (NYSE:ANF)

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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