Abercrombie & Fitch (NYSE:ANF) Trading Down 2.9%

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Abercrombie & Fitch Co. (NYSE:ANF) shares fell 2.9% during trading on Thursday . The stock traded as low as $15.48 and last traded at $15.15, 86,438 shares were traded during mid-day trading. A decline of 96% from the average session volume of 2,315,531 shares. The stock had previously closed at $15.61.

Several brokerages have recently commented on ANF. B. Riley set a $26.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Wednesday, June 5th. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, May 21st. Wedbush raised Abercrombie & Fitch from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $16.00 to $18.00 in a report on Thursday, July 11th. They noted that the move was a valuation call. Finally, Bank of America reduced their target price on Abercrombie & Fitch from $20.00 to $16.00 and set an “underperform” rating on the stock in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.33.

The firm has a fifty day simple moving average of $17.36 and a 200-day simple moving average of $21.87. The company has a current ratio of 1.64, a quick ratio of 1.04 and a debt-to-equity ratio of 1.32. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.20 and a beta of 0.89.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.14. Abercrombie & Fitch had a return on equity of 8.73% and a net margin of 2.76%. The firm had revenue of $733.97 million for the quarter, compared to the consensus estimate of $730.79 million. During the same quarter in the prior year, the business earned ($0.56) EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts predict that Abercrombie & Fitch Co. will post 0.89 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Abercrombie & Fitch by 1.8% during the 2nd quarter. BlackRock Inc. now owns 9,864,543 shares of the apparel retailer’s stock worth $158,229,000 after buying an additional 175,440 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Abercrombie & Fitch by 25.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,891,121 shares of the apparel retailer’s stock worth $79,246,000 after buying an additional 594,811 shares in the last quarter. Impala Asset Management LLC acquired a new position in Abercrombie & Fitch during the 2nd quarter worth $23,382,000. Robeco Institutional Asset Management B.V. lifted its holdings in Abercrombie & Fitch by 7.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,294,182 shares of the apparel retailer’s stock worth $35,474,000 after buying an additional 91,864 shares in the last quarter. Finally, Norges Bank acquired a new position in Abercrombie & Fitch during the 4th quarter worth $25,718,000.

About Abercrombie & Fitch (NYSE:ANF)

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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