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Abercrombie & Fitch Co. (NYSE: ANF) fell 6 during trading on Wednesday after insider selling activity , 2%. The stock traded as low as $ 22.75 and last traded at $ 22.89. Around 1,576,311 shares were traded during trading, a 14% decrease from the average daily volume of 1,834,665 shares. The stock previously closed at $ 24.39. Specifically, insider Kristin A. Scott sold 152,509 shares in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $ 25.00 for a total value of $ 3,812,725.00. The sale was announced in a filing with the SEC, which can be accessed through this link. In addition, director Charles R. Perrin sold 20,000 shares of Abercrombie & Fitch stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $ 22.66 for a total transaction of $ 453,200.00. Following the transaction, the director now directly owns 41,141 shares in the company valued at approximately $ 932,255.06. The disclosure for this sale can be found here. 1.60% of the shares are currently owned by insiders.
Several equity analysts recently released reports on the stock. Robert W. Baird raised his target price on shares in Abercrombie & Fitch from $ 14.00 to $ 24.00 and gave the company a « neutral » rating in a report on Wednesday, November 25th. B. Riley raised his target price on Abercrombie & Fitch from $ 22.00 to $ 27.00 and gave the stock a « Buy » rating in a report on Wednesday, November 25th. The UBS Group raised its target price for Abercrombie & Fitch from USD 18.00 to USD 21.00 and rated the share as « neutral » in a research report on Wednesday, November 25th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based by Russell raised its price target for Abercrombie & Fitch from $ 20.00 to $ 28.00 in a research report on Wednesday, November 25th. Finally, the Royal Bank of Canada raised its target price for shares in Abercrombie & Fitch from $ 14.00 to $ 25.00 and gave the stock a « sector performance » rating in a report on Wednesday, November 25th. Two investment analysts have rated the stock with a sell rating, five with a hold rating and four with a buy rating. Abercrombie & Fitch currently has an average « Hold » rating and an average price target of $ 22.46 (adsbygoogle = window.adsbygoogle || []). Push ({});
The company has a leverage ratio of 0.40, a current rate of 1.60, and a fast rate of 1.02. The company’s 50-day moving average is $ 21.67 and the two-hundred-day moving average is $ 16.26. The company has a market cap of $ 1.43 billion, a P / E of -12.36, and a beta of 1.82.
Abercrombie & Fitch (NYSE: ANF) last released its quarterly earnings data on Tuesday, November 24th. The apparel retailer reported earnings per share of $ 0.76 for the quarter, beating Zacks’ consensus estimate of ($ 0.05) by $ 0.81. Abercrombie & Fitch had a negative net margin of 3.55% and a negative return on equity of 6.61%. The company posted revenue of $ 819.65 million for the quarter, compared to the consensus estimate of $ 735.27 million. For the same period last year, the company had earnings per share of $ 0.23. Equity research analysts predict that Abercrombie & Fitch Co. will achieve an EPS of -1.11 this year.
Several major investors recently bought and sold ANF shares. Nisa Investment Advisors LLC increased its stake in Abercrombie & Fitch by 333.3% in the third quarter. Nisa Investment Advisors LLC now owns 4,030 shares of the apparel retailer valued at $ 56,000 after purchasing an additional 3,100 shares last quarter. Cerebellum GP LLC acquired a new stake in Abercrombie & Fitch worth approximately USD 58,000 in the third quarter. Acadian Asset Management LLC increased its stake in Abercrombie & Fitch by 134.4% in the third quarter. Acadian Asset Management LLC now owns 4,331 shares in the apparel retailer, valued at $ 61,000, after purchasing an additional 2,483 shares last quarter. Fox Run Management L.L.C. bought a new position in Abercrombie & Fitch in the third quarter valued at approximately $ 158,000. Eventually, Handelsbanken Fonder AB bought a new position in Abercrombie & Fitch in the second quarter, valued at approximately $ 132,000. Currently 98.55% of the company’s shares are owned by hedge funds and other institutional investors.
Abercrombie & Fitch Co operates as a retailer through its subsidiaries. The company operates in two segments, Hollister and Abercrombie. It offers a selection of apparel, personal care products, lingerie and accessories for men, women and children under the Hollister, Abercrombie & Fitch, Abercrombie Kids, Moose, Seagull and Gilly Hicks brands.
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Almost everyone loves a company that pays high dividends. Who doesn’t like getting a check every quarter just for owning a stock – especially when that stock pays you back 4%, 5%, or even 10% of its share price in annual earnings every year? In a world where 10-year government bonds yield just over 2%, it seems difficult to go wrong buying a stock that is well above fixed income rates. Unfortunately, the market rarely offers a free lunch.
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