Abercrombie & Fitch Co. (ANF) Raised to Strong-Buy at Vetr Inc.

Vetr upgraded shares of Abercrombie & Fitch Co. (NYSE:ANF) from a buy rating to a strong-buy rating in a research note published on Tuesday morning. Vetr currently has $12.88 price target on the apparel retailer’s stock.

Several other brokerages have also issued reports on ANF. Argus lowered Abercrombie & Fitch Co. from a hold rating to a sell rating in a research note on Friday, December 9th. Deutsche Bank AG lowered Abercrombie & Fitch Co. from a hold rating to a sell rating and cut their target price for the stock from $14.00 to $13.00 in a research note on Wednesday, November 23rd. They noted that the move was a valuation call. FBR & Co reaffirmed an underperform rating and issued a $14.00 target price on shares of Abercrombie & Fitch Co. in a research note on Wednesday, December 7th. Stifel Nicolaus reaffirmed a hold rating on shares of Abercrombie & Fitch Co. in a research note on Monday, November 21st. Finally, Morgan Stanley reaffirmed an underweight rating on shares of Abercrombie & Fitch Co. in a research note on Tuesday, November 29th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $17.14.

Analyst Recommendations for Abercrombie & Fitch Co. (NYSE:ANF)

Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 11.31 on Tuesday. Abercrombie & Fitch Co. has a 12 month low of $10.83 and a 12 month high of $32.37. The firm has a market cap of $766.34 million, a P/E ratio of 195.00 and a beta of 1.25. The stock’s 50 day moving average is $11.93 and its 200 day moving average is $13.92.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its earnings results on Thursday, March 2nd. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Abercrombie & Fitch Co. had a return on equity of 1.50% and a net margin of 0.38%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. Equities research analysts expect that Abercrombie & Fitch Co. will post ($0.07) EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, March 13th. Investors of record on Friday, March 3rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $0.80 annualized dividend and a yield of 7.07%. Abercrombie & Fitch Co.’s payout ratio is 421.05%.

A number of large investors have recently modified their holdings of the company. State Treasurer State of Michigan boosted its stake in shares of Abercrombie & Fitch Co. by 0.4% in the third quarter. State Treasurer State of Michigan now owns 27,200 shares of the apparel retailer’s stock valued at $432,000 after buying an additional 100 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Abercrombie & Fitch Co. by 0.3% in the fourth quarter. GSA Capital Partners LLP now owns 137,708 shares of the apparel retailer’s stock worth $1,652,000 after buying an additional 378 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Abercrombie & Fitch Co. by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 30,340 shares of the apparel retailer’s stock worth $482,000 after buying an additional 430 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its stake in Abercrombie & Fitch Co. by 2.3% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 32,738 shares of the apparel retailer’s stock worth $520,000 after buying an additional 750 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Abercrombie & Fitch Co. by 0.3% in the third quarter. TIAA CREF Investment Management LLC now owns 269,370 shares of the apparel retailer’s stock worth $4,280,000 after buying an additional 847 shares in the last quarter.

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.

5 Day Chart for NYSE:ANF

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

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