Abercrombie & Fitch Co. Reaches New 12-Month High at $44.80 (ANF)
Shares of Abercrombie & Fitch Co. (NYSE:ANF) reached a new 52-week high during mid-day trading on Tuesday , Analyst Ratings.Net reports. The stock traded as high as $44.80 and last traded at $44.80, with a volume of 1,496,692 shares traded. The stock had previously closed at $43.55.
A number of analysts have recently weighed in on ANF shares. 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. Separately, 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 analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Abercrombie & Fitch Co. has a consensus rating of “Hold” and an average target price of $44.32.
The stock’s 50-day moving average is $40.76 and its 200-day moving average is $39.08. The company has a market cap of $3.275 billion and a price-to-earnings ratio of 90.17.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, May 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, August 28th.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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