Jefferies Group set a $24.00 target price on Abercrombie & Fitch (NYSE:ANF) in a research note issued to investors on Wednesday morning. The brokerage currently has a hold rating on the apparel retailer’s stock. Jefferies Group also issued estimates for Abercrombie & Fitch’s Q1 2019 earnings at ($0.73) EPS and Q2 2019 earnings at ($0.12) EPS.
Other analysts have also issued reports about the company. Citigroup reaffirmed a buy rating and issued a $18.00 target price (up from $16.00) on shares of Abercrombie & Fitch in a research report on Monday, November 20th. Zacks Investment Research raised Abercrombie & Fitch from a hold rating to a buy rating and set a $17.00 target price for the company in a research report on Tuesday, November 21st. Argus raised Abercrombie & Fitch from a hold rating to a buy rating and boosted their target price for the company from $18.95 to $25.00 in a research report on Friday, January 19th. They noted that the move was a valuation call. ValuEngine raised Abercrombie & Fitch from a hold rating to a buy rating in a research report on Wednesday. Finally, TheStreet raised Abercrombie & Fitch from a d+ rating to a c- rating in a research report on Friday, November 24th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $17.24.
Abercrombie & Fitch (NYSE:ANF) opened at $22.30 on Wednesday. The stock has a market capitalization of $1,520.00, a PE ratio of 63.71, a PEG ratio of 3.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 1.07. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $24.52.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio is presently 228.57%.
In other news, Director Arthur C. Martinez sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $23.72, for a total value of $474,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.64% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ANF. Contrarius Investment Management Ltd bought a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $15,040,000. Millennium Management LLC grew 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. Renaissance Technologies LLC bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $12,907,000. FrontFour Capital Group LLC bought a new position in shares of Abercrombie & Fitch in the third quarter valued at approximately $7,816,000. Finally, BlackRock Inc. grew its holdings in shares of Abercrombie & Fitch by 5.8% in the fourth quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock valued at $154,577,000 after acquiring an additional 485,775 shares in the last quarter. 99.46% of the stock is owned by institutional investors.
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Abercrombie & Fitch Company Profile
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.
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