Abercrombie & Fitch Co. Stock Rating Reaffirmed by Topeka Capital Markets (ANF)

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Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “hold” rating reaffirmed by research analysts at Topeka Capital Markets in a report released on Tuesday.

Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.49% during mid-day trading on Tuesday, hitting $40.72. The stock had a trading volume of 1,190,203 shares. Abercrombie & Fitch Co. has a 52 week low of $31.14 and a 52 week high of $52.38. The stock’s 50-day moving average is $37.52 and its 200-day moving average is $36.28. The company has a market cap of $2.963 billion and a price-to-earnings ratio of 83.89.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly 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 $2.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 17th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, June 3rd.

In other Abercrombie & Fitch Co. news, EVP Diane Chang sold 7,195 shares of the stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $38.51, for a total transaction of $277,079.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Abercrombie & Fitch Co. in a research note on Tuesday. Separately, analysts at RBC Capital raised their price target on shares of Abercrombie & Fitch Co. from $35.00 to $36.00 in a research note on Friday, May 30th. They now have a “sector perform” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Abercrombie & Fitch Co. from $35.00 to $37.00 in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Abercrombie & Fitch Co. currently has an average rating of “Hold” and an average price target of $43.36.

Abercrombie & Fitch Co (NYSE:ANF) through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.

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