Abercrombie & Fitch Co. (NYSE:ANF) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday. The firm currently has a $19.68 price objective on the apparel retailer’s stock. Vetr‘s price objective suggests a potential downside of 6.95% from the company’s current price.

Several large investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in Abercrombie & Fitch Co. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 128,882 shares of the apparel retailer’s stock valued at $3,480,000 after buying an additional 2,056 shares in the last quarter. Principal Financial Group Inc. increased its stake in Abercrombie & Fitch Co. by 5.9% in the fourth quarter. Principal Financial Group Inc. now owns 215,175 shares of the apparel retailer’s stock valued at $5,810,000 after buying an additional 11,920 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Abercrombie & Fitch Co. by 64.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 163,015 shares of the apparel retailer’s stock valued at $4,401,000 after buying an additional 63,841 shares during the period. New York State Common Retirement Fund increased its stake in shares of Abercrombie & Fitch Co. by 211.9% in the fourth quarter. New York State Common Retirement Fund now owns 198,040 shares of the apparel retailer’s stock valued at $5,347,000 after buying an additional 134,540 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Abercrombie & Fitch Co. by 12.4% in the fourth quarter. Schroder Investment Management Group now owns 119,285 shares of the apparel retailer’s stock valued at $3,221,000 after buying an additional 13,145 shares during the period.

In related news, EVP Diane Chang sold 7,600 shares of the business’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $32.05, for a total value of $243,580.00. Following the sale, the executive vice president now owns 35,014 shares in the company, valued at approximately $1,122,198.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Several other equities research analysts also recently weighed in on the company. Jefferies Group raised their price target on Abercrombie & Fitch Co. from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, March 22nd. Zacks Investment Research downgraded Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating in a report on Friday, April 1st. RBC Capital raised their price target on Abercrombie & Fitch Co. from $25.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, March 17th. Goldman Sachs raised their price objective on Abercrombie & Fitch Co. from $12.00 to $13.00 and gave the stock a “sell” rating in a research note on Thursday, March 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch Co. from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, March 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company. Abercrombie & Fitch Co. presently has a consensus rating of “Hold” and an average price target of $25.90.

Abercrombie & Fitch Co. (NYSE:ANF) traded down 15.67% on Thursday, hitting $21.15. 19,976,789 shares of the company were exchanged. Abercrombie & Fitch Co. has a 52 week low of $15.42 and a 52 week high of $32.83. The stock has a 50 day moving average of $26.40 and a 200 day moving average of $26.87. The company has a market capitalization of $1.43 billion and a price-to-earnings ratio of 41.47.

Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings results on Thursday, May 26th. The apparel retailer reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.51) by $0.12. The business earned $685.50 million during the quarter, compared to analyst estimates of $709.48 million. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.53) earnings per share. Analysts predict that Abercrombie & Fitch Co. will post $1.20 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Friday, June 3rd will be issued a $0.20 dividend. The ex-dividend date is Wednesday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 3.78%.

Abercrombie & Fitch Co (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East.

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

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