Wedbush upgraded shares of Abercrombie & Fitch (NYSE:ANF) from an underperform rating to a neutral rating in a report released on Thursday, 24/7 WallStreet reports. They currently have $18.00 target price on the apparel retailer’s stock, up from their prior target price of $16.00. The analysts noted that the move was a valuation call.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a research report on Tuesday, May 21st. TheStreet downgraded Timkensteel from a c- rating to a d+ rating in a research report on Monday, June 17th. B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the company a hold rating in a research report on Wednesday, June 5th. ValuEngine raised Zuora from a hold rating to a buy rating in a research report on Saturday, July 6th. Finally, Argus downgraded Abercrombie & Fitch from a buy rating to a hold rating in a research report on Friday, May 31st. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $22.33.
Shares of ANF stock opened at $18.10 on Thursday. The business’s fifty day moving average price is $17.18. The firm has a market capitalization of $1.19 billion, a PE ratio of 15.74, a PEG ratio of 1.34 and a beta of 0.90. Abercrombie & Fitch has a 1 year low of $14.66 and a 1 year high of $30.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.04 and a current ratio of 1.64.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Thursday, June 6th. Abercrombie & Fitch’s dividend payout ratio (DPR) is 69.57%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Abercrombie & Fitch by 1.1% in the fourth quarter. BlackRock Inc. now owns 9,748,353 shares of the apparel retailer’s stock worth $195,453,000 after acquiring an additional 106,499 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Abercrombie & Fitch by 25.9% in the first quarter. JPMorgan Chase & Co. now owns 2,891,121 shares of the apparel retailer’s stock valued at $79,246,000 after buying an additional 594,811 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Abercrombie & Fitch by 7.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,294,182 shares of the apparel retailer’s stock valued at $35,474,000 after buying an additional 91,864 shares during the last quarter. Norges Bank bought a new stake in Abercrombie & Fitch in the fourth quarter valued at about $25,718,000. Finally, Bank of America Corp DE increased its holdings in Abercrombie & Fitch by 27.4% in the fourth quarter. Bank of America Corp DE now owns 424,824 shares of the apparel retailer’s stock valued at $8,518,000 after buying an additional 91,355 shares during the last quarter.
About Abercrombie & Fitch
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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