The Abercrombie & Fitch Company (ANF) Receives Buy Rating from Mizuho

Violet Tucker
November 18, 2017

Abercrombie & Fitch Company (NYSE:ANF) has a market cap of $859.12 Million and the number of outstanding shares have been calculated 68.46 Million. If you are accessing this article on another domain, it was copied illegally and republished in violation of global copyright & trademark laws.

Shares of Abercrombie & Fitch Company (NYSE:ANF) now have an Average Brokerage Recommendation of 3.64, number of Recs in ABR is 14 while industry rank of the company by ABR is out of 265.

September 5 investment analysts at William Blair maintained a "Outperform" rating on the company. The stock price dropped with downswing change of -3.00% when it was compared to 20-day moving average. Zacks Investment Research cut Abercrombie & Fitch from a "hold" rating to a "sell" rating in a research report on Tuesday, August 8th. This presents short term, intermediate and long term technical levels of Abercrombie & Fitch Co. Arizona State Retirement Systems holds 0.01% in Abercrombie & Fitch Co. This is an indication of a hold consensus from the analysts' society.

(NYSE:ANF) is trading up by 26.85% since yesterday's close of 12.55 and has one of the biggest price gains of the day.

Abercrombie & Fitch Company (ANF) Announces Earnings Results, Beats Expectations By $0.12 EPS

Shares of Abercrombie & Fitch soared by 24% after the teen fashion retailer reported exceptionally strong results in its third-quarter financials. At the time of writing, shares were trading 3.06% away from the 20-days simple moving average and -2.41% away from the 200-days simple moving average. The company has the market capitalization of $161.82B while its P/B ratio was 3.80. Taking a wider view, the current separation from the 52-week high is -59.89%, and the distance from the 52-week low is presently 94.15%.

Several large investors have recently made changes to their positions in the company. For the past month, Hibbett Sports, Inc.'s stock has been 10.41%, 36.24% for the last quarter, -37.74% for the past six months and -66.67% for the past 52 weeks. Shares of Gap rose 6.3 percent to $29.20. More than 9 shares have been traded. Balyasny Asset Management LLC claims 318,130 shares with a value of $4,594,000. Legal & General Group Plc boosted its stake in shares of Abercrombie & Fitch Company by 13.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer's stock valued at $71,270,000 after buying an additional 42,983 shares in the last quarter. Abercrombie & Fitch Class A now has $869.47 million valuation. Sterling Capital Management LLC bought a new position in shares of Abercrombie & Fitch in the third quarter worth $969,000.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. The company had a fall in short interest of -1.05% as of October 31, 2017 from the last reporting period. The ex-dividend date is Wednesday, March 1st. This represents a $0.80 annualized dividend and a yield of 6.37%. The Firm operates through two divisions: Abercrombie, which includes the Company's Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company's Hollister and Gilly Hicks brands. The Company offers an array of apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven trousers, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

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