William Blair reiterated their buy rating on shares of Abercrombie & Fitch Company (NYSE:ANF) in a research note released on Friday morning. William Blair also issued estimates for Abercrombie & Fitch’s Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.67 EPS, FY2018 earnings at ($0.15) EPS and FY2019 earnings at $0.03 EPS.
Several other equities analysts have also issued reports on ANF. Vetr lowered shares of Abercrombie & Fitch from a buy rating to a hold rating and set a $12.58 target price for the company. in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a strong sell rating to a hold rating in a report on Tuesday, May 2nd. Jefferies Group LLC restated a hold rating and issued a $13.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, May 3rd. Standpoint Research lowered shares of Abercrombie & Fitch from a buy rating to a reduce rating in a report on Wednesday, May 10th. Finally, Wunderlich lowered shares of Abercrombie & Fitch from a hold rating to a sell rating and set a $12.00 price objective for the company. in a report on Thursday, May 11th. Eleven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $13.27.
Abercrombie & Fitch (NYSE ANF) opened at 12.34 on Friday. The company’s market capitalization is $844.75 million. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $23.29. The firm has a 50-day moving average price of $9.80 and a 200-day moving average price of $11.57.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The firm had revenue of $779 million during the quarter, compared to analyst estimates of $758.57 million. During the same period last year, the business earned ($0.25) earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Abercrombie & Fitch will post ($0.17) EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Wednesday, August 30th. Abercrombie & Fitch’s payout ratio is -258.06%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after buying an additional 8,354,665 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in shares of Abercrombie & Fitch during the second quarter valued at $18,038,000. Victory Capital Management Inc. purchased a new position in shares of Abercrombie & Fitch during the second quarter valued at $10,138,000. Balyasny Asset Management LLC purchased a new position in shares of Abercrombie & Fitch during the second quarter valued at $10,120,000. Finally, Quinn Opportunity Partners LLC increased its position in shares of Abercrombie & Fitch by 71.9% in the second quarter. Quinn Opportunity Partners LLC now owns 1,624,979 shares of the apparel retailer’s stock valued at $20,215,000 after buying an additional 679,745 shares in the last quarter. 98.62% of the stock is owned by institutional investors.
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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