Shares of Abercrombie & Fitch Co. (NYSE:ANF) have received an average recommendation of “Buy” from the twelve research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.13.
A number of equities analysts recently weighed in on ANF shares. Morgan Stanley dropped their price target on Abercrombie & Fitch from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Wedbush reissued a “buy” rating and issued a $16.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday, May 19th. Royal Bank of Canada lifted their price target on Abercrombie & Fitch from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Friday, May 29th. B. Riley reissued a “buy” rating and issued a $14.00 price target on shares of Abercrombie & Fitch in a research note on Friday, May 29th. Finally, ValuEngine raised Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 24th.
NYSE:ANF traded down $0.23 during mid-day trading on Tuesday, reaching $9.63. 2,859,397 shares of the stock were exchanged, compared to its average volume of 2,317,600. The business has a fifty day moving average price of $10.42 and a 200 day moving average price of $12.18. The firm has a market capitalization of $593.19 million, a PE ratio of -3.22 and a beta of 1.36. Abercrombie & Fitch has a 1-year low of $7.41 and a 1-year high of $19.18. The company has a current ratio of 1.32, a quick ratio of 0.88 and a debt-to-equity ratio of 1.78.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, May 28th. The apparel retailer reported ($3.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.39) by ($1.90). The firm had revenue of $485.36 million for the quarter, compared to analyst estimates of $535.33 million. Abercrombie & Fitch had a negative return on equity of 14.29% and a negative net margin of 5.50%. Abercrombie & Fitch’s revenue was down 33.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.29) earnings per share. On average, sell-side analysts forecast that Abercrombie & Fitch will post -2.82 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank increased its holdings in shares of Abercrombie & Fitch by 7.5% in the second quarter. Comerica Bank now owns 67,503 shares of the apparel retailer’s stock worth $673,000 after acquiring an additional 4,693 shares in the last quarter. UBS Group AG lifted its holdings in Abercrombie & Fitch by 393.4% during the 2nd quarter. UBS Group AG now owns 208,324 shares of the apparel retailer’s stock worth $2,217,000 after purchasing an additional 279,330 shares during the last quarter. Brinker Capital Inc. lifted its holdings in Abercrombie & Fitch by 6.5% during the 2nd quarter. Brinker Capital Inc. now owns 38,585 shares of the apparel retailer’s stock worth $411,000 after purchasing an additional 2,339 shares during the last quarter. Zweig DiMenna Associates LLC lifted its holdings in Abercrombie & Fitch by 460.5% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 395,681 shares of the apparel retailer’s stock worth $4,210,000 after purchasing an additional 325,087 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Abercrombie & Fitch during the 2nd quarter worth approximately $119,000. Hedge funds and other institutional investors own 99.90% of the company’s stock.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
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