Abercrombie & Fitch Co. (NYSE:ANF) to Issue $0.20 Quarterly Dividend

Abercrombie & Fitch Co. (NYSE:ANF) declared a quarterly dividend on Wednesday, November 13th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.20 per share by the apparel retailer on Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Thursday, December 5th.

NYSE:ANF opened at $16.43 on Tuesday. Abercrombie & Fitch has a 1 year low of $13.58 and a 1 year high of $30.63. The stock’s fifty day moving average price is $16.72 and its two-hundred day moving average price is $17.07. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.41 and a quick ratio of 0.70. The company has a market cap of $1.00 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.58 and a beta of 0.97.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Abercrombie & Fitch had a net margin of 1.52% and a return on equity of 5.30%. The company had revenue of $863.50 million during the quarter, compared to analysts’ expectations of $870.82 million. During the same quarter last year, the firm posted $0.33 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts expect that Abercrombie & Fitch will post 0.66 earnings per share for the current fiscal year.

Several research analysts have commented on ANF shares. Citigroup set a $29.00 target price on Abercrombie & Fitch and gave the stock a “buy” rating in a research note on Friday, August 30th. DA Davidson assumed coverage on Abercrombie & Fitch in a research report on Tuesday, September 17th. They set a “neutral” rating and a $18.00 price target on the stock. Morgan Stanley lowered their price target on shares of Abercrombie & Fitch from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Tuesday, September 3rd. Royal Bank of Canada cut their price objective on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “sector perform” rating for the company in a research report on Friday, August 30th. Finally, Deutsche Bank upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating and cut their price objective for the company from $15.00 to $14.00 in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.85.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Dividend History for Abercrombie & Fitch (NYSE:ANF)

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