Abercrombie & Fitch (NYSE:ANF) Upgraded by Wedbush to Neutral

Share on StockTwits

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.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.14. The firm had revenue of $733.97 million during the quarter, compared to analysts’ expectations of $730.79 million. Abercrombie & Fitch had a return on equity of 8.73% and a net margin of 2.76%. Abercrombie & Fitch’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.56) earnings per share. As a group, sell-side analysts anticipate that Abercrombie & Fitch will post 0.85 EPS for the current year.

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.

Recommended Story: How to trade on quiet period expirations

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.