Abercrombie & Fitch (ANF) Sets New 12-Month High and Low at $28.75

Abercrombie & Fitch (NYSE:ANF) hit a new 52-week high and low on Thursday . The company traded as low as $28.75 and last traded at $28.55, with a volume of 1044674 shares changing hands. The stock had previously closed at $28.11.

A number of brokerages recently weighed in on ANF. Zacks Investment Research downgraded shares of Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 27th. ValuEngine raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Argus reaffirmed a “buy” rating and set a $22.15 price objective (down previously from $25.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 14th. Nomura reaffirmed a “neutral” rating and set a $19.00 price objective (up previously from $17.00) on shares of Abercrombie & Fitch in a research report on Tuesday, March 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Abercrombie & Fitch in a research report on Thursday, March 8th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Abercrombie & Fitch has a consensus rating of “Hold” and an average target price of $17.57.

The company has a current ratio of 2.49, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1,950.44, a P/E ratio of 35.80, a PEG ratio of 3.00 and a beta of 0.90.



Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 EPS for the quarter, topping the consensus estimate of $1.10 by $0.28. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. Abercrombie & Fitch’s quarterly revenue was up 15.2% on a year-over-year basis. sell-side analysts forecast that Abercrombie & Fitch will post 0.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date was Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio (DPR) is 123.08%.

In other Abercrombie & Fitch news, Director Arthur C. Martinez sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.72, for a total value of $474,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in shares of Abercrombie & Fitch by 7.1% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 365,792 shares of the apparel retailer’s stock valued at $6,376,000 after acquiring an additional 24,400 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $567,000. Gotham Asset Management LLC bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $2,830,000. LPL Financial LLC boosted its holdings in shares of Abercrombie & Fitch by 14.9% in the fourth quarter. LPL Financial LLC now owns 18,193 shares of the apparel retailer’s stock valued at $317,000 after acquiring an additional 2,360 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Abercrombie & Fitch by 968.7% in the fourth quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock valued at $19,601,000 after acquiring an additional 1,019,343 shares in the last quarter. Institutional investors and hedge funds own 99.46% of the company’s stock.

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Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates through two segments, Abercrombie and Hollister. It offers knit tops, woven shirts, graphic T-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates, and swimwear; and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brand names.

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