Abercrombie & Fitch Co. (ANF) Announces Quarterly Dividend of $0.20
Abercrombie & Fitch Co. (NYSE:ANF) declared a quarterly dividend on Thursday, August 21st, American Banking News.com reports. Investors of record on Tuesday, September 2nd will be given a dividend of 0.20 per share on Wednesday, September 10th. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%.
A number of research firms have recently commented on ANF. Analysts at Wunderlich initiated coverage on shares of Abercrombie & Fitch Co. in a research note on Tuesday, August 12th. They set a “buy” rating and a $48.00 price target on the stock. On a related note, analysts at Stifel Nicolaus upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $50.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Friday, August 8th. They now have a $48.00 price target on the stock, up previously from $45.00. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $44.43.
Abercrombie & Fitch Co. (NYSE:ANF) traded down 1.64% on Thursday, hitting $43.24. The stock had a trading volume of 474,075 shares. Abercrombie & Fitch Co. has a 52 week low of $31.14 and a 52 week high of $44.39. The stock has a 50-day moving average of $40.64 and a 200-day moving average of $38.82. The company has a market cap of $3.147 billion and a P/E ratio of 91.01. Abercrombie & Fitch Co. also saw unusually large options trading on Monday. Investors purchased 10,015 put options on the stock. This represents an increase of 188% compared to the average daily volume of 3,477 put options.
Abercrombie & Fitch Co. (NYSE:ANF) last announced its earnings results on Thursday, May 29th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.02. The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $797.86 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post $2.36 EPS for the current fiscal year.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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