Abercrombie & Fitch Co. (ANF) Reaches New 1-Year Low at $16.39
Abercrombie & Fitch Co. (NYSE:ANF)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $16.39 and last traded at $16.58, with a volume of 2,242,380 shares traded. The stock had previously closed at $16.85.
A number of equities analysts have issued reports on the company. Cowen and Company restated a “hold” rating and set a $20.00 price target (down from $25.00) on shares of Abercrombie & Fitch Co. in a report on Sunday, May 29th. Jefferies Group restated a “buy” rating on shares of Abercrombie & Fitch Co. in a report on Sunday, May 29th. FBR & Co restated a “hold” rating on shares of Abercrombie & Fitch Co. in a report on Sunday, May 29th. Citigroup Inc. restated a “hold” rating on shares of Abercrombie & Fitch Co. in a report on Sunday, May 29th. Finally, Vetr upgraded Abercrombie & Fitch Co. from a “buy” rating to a “strong-buy” rating and set a $19.36 target price on the stock in a report on Wednesday. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.77.
The firm’s 50-day moving average price is $19.77 and its 200 day moving average price is $23.16. The stock has a market cap of $1.13 billion, a P/E ratio of 24.65 and a beta of 1.32.
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Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings data on Tuesday, August 30th. The apparel retailer reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.05. The firm had revenue of $783.20 million for the quarter, compared to analysts’ expectations of $782.64 million. Abercrombie & Fitch Co. had a net margin of 1.36% and a return on equity of 3.98%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. Equities analysts anticipate that Abercrombie & Fitch Co. will post $0.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, September 2nd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Wednesday, August 31st. Abercrombie & Fitch Co.’s payout ratio is 119.40%.
In related news, insider Bonadies Fran Horowitz acquired 15,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was acquired at an average cost of $17.32 per share, with a total value of $259,800.00. Following the purchase, the insider now directly owns 44,701 shares of the company’s stock, valued at $774,221.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Craig R. Stapleton acquired 10,000 shares of the stock in a transaction dated Thursday, September 1st. The stock was bought at an average cost of $17.65 per share, with a total value of $176,500.00. Following the completion of the purchase, the director now directly owns 57,398 shares in the company, valued at $1,013,074.70. The disclosure for this purchase can be found here. 0.85% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC raised its stake in Abercrombie & Fitch Co. by 268.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 65,744 shares of the apparel retailer’s stock valued at $2,085,000 after buying an additional 47,917 shares during the last quarter. Commonwealth Equity Services Inc bought a new stake in Abercrombie & Fitch Co. during the first quarter valued at about $408,000. Aperio Group LLC raised its stake in Abercrombie & Fitch Co. by 16.7% in the first quarter. Aperio Group LLC now owns 24,106 shares of the apparel retailer’s stock valued at $760,000 after buying an additional 3,443 shares during the last quarter. Virginia Retirement System bought a new stake in Abercrombie & Fitch Co. during the first quarter valued at about $457,000. Finally, CIBC World Markets Inc. bought a new stake in Abercrombie & Fitch Co. during the first quarter valued at about $249,000.
About Abercrombie & Fitch Co.
Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.
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