Abercrombie & Fitch Company (ANF) Downgraded by Vetr Inc. to “Sell”

Abercrombie & Fitch Company (NYSE:ANF) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, May 12th.

Several other analysts have also commented on the company. Wolfe Research lowered Abercrombie & Fitch Company from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Wunderlich lowered 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. Standpoint Research lowered Abercrombie & Fitch Company from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 10th. Zacks Investment Research upgraded Abercrombie & Fitch Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $13.00 price objective on shares of Abercrombie & Fitch Company in a research note on Wednesday, May 3rd. Twelve analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.05.

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

Shares of Abercrombie & Fitch Company (NYSE ANF) remained flat at $12.53 during trading on Friday. The company had a trading volume of 2,176,115 shares. The company’s market capitalization is $852.24 million. The firm has a 50 day moving average price of $12.85 and a 200 day moving average price of $12.37. Abercrombie & Fitch Company has a 52-week low of $10.50 and a 52-week high of $23.29.

Abercrombie & Fitch Company (NYSE:ANF) last announced its earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share (EPS) 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 company had revenue of $661.10 million for the quarter, compared to the consensus estimate of $651.25 million. During the same period last year, the business posted ($0.53) EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Abercrombie & Fitch Company will post ($0.29) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Friday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.38%. Abercrombie & Fitch Company’s payout ratio is currently -296.29%.

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Institutional investors have recently modified their holdings of the company. Rothschild Asset Management Inc. bought a new position in Abercrombie & Fitch Company during the third quarter valued at about $2,168,000. Alambic Investment Management L.P. increased its position in Abercrombie & Fitch Company by 264.9% in the third quarter. Alambic Investment Management L.P. now owns 55,100 shares of the apparel retailer’s stock valued at $876,000 after buying an additional 40,000 shares in the last quarter. Capital Fund Management S.A. bought a new position in Abercrombie & Fitch Company during the third quarter valued at about $773,000. Paradice Investment Management LLC increased its position in Abercrombie & Fitch Company by 22.7% in the third quarter. Paradice Investment Management LLC now owns 1,288,842 shares of the apparel retailer’s stock valued at $20,480,000 after buying an additional 238,735 shares in the last quarter. Finally, Quantitative Investment Management LLC increased its position in Abercrombie & Fitch Company by 499.1% in the third quarter. Quantitative Investment Management LLC now owns 380,400 shares of the apparel retailer’s stock valued at $6,044,000 after buying an additional 316,900 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

About Abercrombie & Fitch Company

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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