Abercrombie & Fitch Company (NYSE:ANF) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a note issued to investors on Monday. They presently have a $12.10 price target on the apparel retailer’s stock. Vetr‘s price target would suggest a potential downside of 4.12% from the stock’s current price.

Several other research firms have also recently weighed in on ANF. Wunderlich cut shares of Abercrombie & Fitch Company from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research note on Thursday, May 11th. Zacks Investment Research raised shares of Abercrombie & Fitch Company from a “strong sell” rating to a “hold” rating in a research note on Friday, May 12th. Telsey Advisory Group raised their target price on shares of Abercrombie & Fitch Company from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, May 26th. FBR & Co reissued a “hold” rating and issued a $13.00 target price on shares of Abercrombie & Fitch Company in a research note on Friday, May 26th. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Abercrombie & Fitch Company and gave the stock a “sell” rating in a research report on Saturday, May 13th. Twelve equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Abercrombie & Fitch Company presently has a consensus rating of “Hold” and a consensus target price of $14.26.

Analyst Recommendations for Abercrombie & Fitch Company (NYSE:ANF)

Abercrombie & Fitch Company (NYSE:ANF) traded down 0.79% during mid-day trading on Monday, hitting $12.62. 3,312,016 shares of the company traded hands. Abercrombie & Fitch Company has a one year low of $10.50 and a one year high of $23.29. The stock’s market capitalization is $858.36 million. The company’s 50-day moving average is $12.78 and its 200-day moving average is $12.40.

Abercrombie & Fitch Company (NYSE:ANF) last released its earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.70) by $0.21. Abercrombie & Fitch Company had a negative net margin of 0.55% and a negative return on equity of 1.26%. The firm had revenue of $661.10 million during the quarter, compared to the consensus estimate of $651.25 million. During the same period in the prior year, the business posted ($0.53) earnings per share. Abercrombie & Fitch Company’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts predict that Abercrombie & Fitch Company will post ($0.29) EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Friday, June 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend is Wednesday, May 31st. Abercrombie & Fitch Company’s dividend payout ratio (DPR) is presently -296.29%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new position in shares of Abercrombie & Fitch Company during the first quarter valued at approximately $2,025,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Abercrombie & Fitch Company during the first quarter valued at approximately $149,000. Point72 Asset Management L.P. acquired a new position in shares of Abercrombie & Fitch Company during the first quarter valued at approximately $5,055,000. First Financial Equity Corporation acquired a new position in shares of Abercrombie & Fitch Company during the first quarter valued at approximately $223,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Abercrombie & Fitch Company by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 47,404 shares of the apparel retailer’s stock valued at $566,000 after buying an additional 1,589 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Abercrombie & Fitch Company Company Profile

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.

To view Vetr’s full report, visit Vetr’s official website.

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