Abercrombie & Fitch Co. (NYSE:ANF) Plans Quarterly Dividend of $0.20

Abercrombie & Fitch Co. (NYSE:ANF) announced a quarterly dividend on Wednesday, November 13th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.20 per share by the apparel retailer on Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Thursday, December 5th.

Shares of ANF opened at $16.43 on Tuesday. The stock’s 50-day simple moving average is $16.72 and its 200 day simple moving average is $17.07. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 1.41. Abercrombie & Fitch has a 52-week low of $13.58 and a 52-week high of $30.63.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). Abercrombie & Fitch had a net margin of 1.52% and a return on equity of 5.30%. The company had revenue of $863.50 million for the quarter, compared to analysts’ expectations of $870.82 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts forecast that Abercrombie & Fitch will post 0.66 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the stock. Wedbush set a $16.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Friday, August 30th. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, September 3rd. Citigroup set a $29.00 price objective on Abercrombie & Fitch and gave the stock a “buy” rating in a research report on Friday, August 30th. Deutsche Bank raised Abercrombie & Fitch from a “sell” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $14.00 in a research note on Friday, August 30th. Finally, ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Abercrombie & Fitch has an average rating of “Hold” and an average target price of $19.85.

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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Dividend History for Abercrombie & Fitch (NYSE:ANF)

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