Abercrombie & Fitch (NYSE:ANF) had its price target increased by Morgan Stanley from $11.00 to $13.00 in a research note issued to investors on Thursday. They currently have an underweight rating on the apparel retailer’s stock.
Several other research analysts also recently commented on ANF. Jefferies Group set a $14.00 target price on shares of Abercrombie & Fitch and gave the stock a hold rating in a research note on Friday, November 17th. Standpoint Research downgraded shares of Abercrombie & Fitch from an outperform rating to a hold rating in a research note on Friday, November 17th. ValuEngine raised shares of Abercrombie & Fitch from a sell rating to a hold rating in a research note on Friday, November 17th. BMO Capital Markets lifted their target price on shares of Abercrombie & Fitch from $12.00 to $16.00 and gave the stock a market perform rating in a research note on Friday, November 17th. Finally, Robert W. Baird set a $16.00 target price on shares of Abercrombie & Fitch and gave the stock a hold rating in a research note on Saturday, November 18th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $17.24.
Abercrombie & Fitch (NYSE ANF) opened at $22.30 on Thursday. The company has a quick ratio of 1.07, a current ratio of 2.49 and a debt-to-equity ratio of 0.24. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $24.52. The company has a market cap of $1,518.67, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.28 and a beta of 1.05.
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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, March 8th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently 1,333.56%.
In other news, Director Arthur C. Martinez sold 20,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $23.72, for a total transaction of $474,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.
Several hedge funds have recently made changes to their positions in ANF. Contrarius Investment Management Ltd bought a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at $15,040,000. Millennium Management LLC boosted its holdings in shares of Abercrombie & Fitch by 968.7% during the 4th quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock valued at $19,601,000 after buying an additional 1,019,343 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $12,907,000. FrontFour Capital Group LLC bought a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at $7,816,000. Finally, BlackRock Inc. boosted its holdings in shares of Abercrombie & Fitch by 5.8% during the 4th quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock valued at $154,577,000 after buying an additional 485,775 shares in the last quarter. Hedge funds and other institutional investors own 99.46% of the company’s stock.
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About Abercrombie & Fitch
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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