ValuEngine upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a research note published on Wednesday.
Other equities analysts have also recently issued reports about the stock. Wolfe Research upped their price objective on shares of Abercrombie & Fitch from $9.00 to $13.00 and gave the stock an underperform rating in a research report on Monday, November 20th. BMO Capital Markets set a $22.00 target price on shares of Abercrombie & Fitch and gave the stock a hold rating in a report on Tuesday, January 23rd. Bank of America boosted their target price on shares of Abercrombie & Fitch from $9.00 to $16.00 and gave the stock a sell rating in a report on Wednesday, January 24th. Royal Bank of Canada boosted their target price on shares of Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a sector perform rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research raised shares of Abercrombie & Fitch from a hold rating to a buy rating and set a $17.00 target price on the stock in a report on Tuesday, November 21st. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $17.24.
Abercrombie & Fitch (NYSE ANF) opened at $22.30 on Wednesday. The stock has a market cap of $1,518.67, a P/E ratio of 27.87, a P/E/G ratio of 3.28 and a beta of 1.05. Abercrombie & Fitch has a 12-month low of $8.81 and a 12-month high of $24.52. The company has a current ratio of 2.49, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis 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 currently 1,333.56%.
In other news, Director Arthur C. Martinez sold 20,000 shares of the company’s stock in a transaction on 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 document filed with the SEC, which is available through this link. Corporate insiders own 0.64% of the company’s stock.
Large investors have recently bought and sold shares of the company. Contrarius Investment Management Ltd bought a new position in Abercrombie & Fitch during the third quarter worth $15,040,000. Millennium Management LLC boosted its stake in Abercrombie & Fitch by 968.7% during the fourth quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock worth $19,601,000 after acquiring an additional 1,019,343 shares in the last quarter. Renaissance Technologies LLC bought a new position in Abercrombie & Fitch during the fourth quarter worth $12,907,000. FrontFour Capital Group LLC bought a new position in Abercrombie & Fitch during the third quarter worth $7,816,000. Finally, BlackRock Inc. boosted its stake in Abercrombie & Fitch by 5.8% during the fourth quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock worth $154,577,000 after acquiring an additional 485,775 shares in the last quarter. 99.46% of the stock is currently 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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