Abercrombie & Fitch (NYSE:ANF) Lifted to “Hold” at ValuEngine

Posted by James Conley on Dec 2nd, 2019

ValuEngine upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a sell rating to a hold rating in a report released on Friday, ValuEngine reports.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group reduced their price target on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a market perform rating for the company in a report on Friday, August 30th. Deutsche Bank upgraded shares of Abercrombie & Fitch from a sell rating to a hold rating and reduced their price target for the company from $15.00 to $14.00 in a report on Friday, August 30th. Wedbush set a $16.00 price target on shares of Abercrombie & Fitch and gave the company a hold rating in a report on Friday, August 30th. DA Davidson began coverage on shares of Abercrombie & Fitch in a report on Tuesday, September 17th. They issued a neutral rating and a $18.00 price target for the company. Finally, Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $15.00 to $14.00 and set an underweight rating for the company in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $19.85.

NYSE:ANF opened at $15.97 on Friday. Abercrombie & Fitch has a one year low of $13.58 and a one year high of $30.63. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.87 and a current ratio of 1.41. The firm has a market cap of $1.05 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.65 and a beta of 0.95. The firm has a 50-day simple moving average of $16.65 and a 200-day simple moving average of $17.23.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Abercrombie & Fitch had a net margin of 1.52% and a return on equity of 5.30%. The business had revenue of $863.50 million during the quarter, compared to the consensus estimate of $870.82 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts predict that Abercrombie & Fitch will post 0.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, December 5th. Abercrombie & Fitch’s payout ratio is currently 69.57%.

Several institutional investors have recently modified their holdings of ANF. Oregon Public Employees Retirement Fund grew its position in shares of Abercrombie & Fitch by 3.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 26,401 shares of the apparel retailer’s stock worth $423,000 after buying an additional 900 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Abercrombie & Fitch by 1.7% in the 2nd quarter. New York State Teachers Retirement System now owns 168,115 shares of the apparel retailer’s stock worth $2,697,000 after buying an additional 2,846 shares during the last quarter. Arizona State Retirement System grew its position in shares of Abercrombie & Fitch by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 103,337 shares of the apparel retailer’s stock worth $1,658,000 after buying an additional 1,765 shares during the last quarter. Strs Ohio grew its position in shares of Abercrombie & Fitch by 39.2% in the 2nd quarter. Strs Ohio now owns 51,500 shares of the apparel retailer’s stock worth $826,000 after buying an additional 14,500 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Abercrombie & Fitch in the 2nd quarter worth approximately $251,000.

Abercrombie & Fitch Company Profile

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.