Vetr lowered shares of Abercrombie & Fitch Co. (NYSE:ANF) from a buy rating to a hold rating in a research note released on Monday morning. The firm currently has $15.36 price target on the apparel retailer’s stock.

Several other research firms also recently commented on ANF. FBR & Co cut their price objective on shares of Abercrombie & Fitch Co. from $22.00 to $19.00 and set a market perform rating for the company in a report on Wednesday, August 31st. Robert W. Baird reaffirmed a neutral rating and issued a $21.00 price objective (down from $23.00) on shares of Abercrombie & Fitch Co. in a report on Wednesday, August 31st. KeyCorp cut their price objective on shares of Abercrombie & Fitch Co. from $27.00 to $25.00 and set an overweight rating for the company in a report on Wednesday, August 31st. Mizuho cut their price target on shares of Abercrombie & Fitch Co. from $21.00 to $19.00 and set a neutral rating for the company in a report on Thursday, August 25th. Finally, Wunderlich reissued a hold rating and issued a $21.00 price target on shares of Abercrombie & Fitch Co. in a report on Wednesday, August 31st. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $22.06.

Abercrombie & Fitch Co. (NYSE:ANF) opened at 15.05 on Monday. The stock’s 50 day moving average is $15.59 and its 200 day moving average is $19.46. The firm has a market capitalization of $1.02 billion, a P/E ratio of 22.13 and a beta of 1.31. Abercrombie & Fitch Co. has a one year low of $14.00 and a one year high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last released its quarterly earnings data on Tuesday, August 30th. The apparel retailer reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The business earned $783.20 million during the quarter, compared to the consensus estimate of $782.64 million. Abercrombie & Fitch Co. had a return on equity of 3.98% and a net margin of 1.36%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. On average, equities research analysts predict that Abercrombie & Fitch Co. will post $0.48 earnings per share for the current fiscal year.

In related news, insider Bonadies Fran Horowitz purchased 15,000 shares of Abercrombie & Fitch Co. stock in a transaction that occurred on Thursday, September 8th. The shares were bought at an average price of $17.32 per share, with a total value of $259,800.00. Following the purchase, the insider now directly owns 44,701 shares of the company’s stock, valued at approximately $774,221.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig R. Stapleton purchased 10,000 shares of Abercrombie & Fitch Co. stock in a transaction that occurred on Thursday, September 1st. The stock was bought at an average cost of $17.65 per share, for a total transaction of $176,500.00. Following the purchase, the director now directly owns 57,398 shares in the company, valued at $1,013,074.70. The disclosure for this purchase can be found here. 0.85% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Abercrombie & Fitch Co. during the second quarter valued at approximately $139,000. Macquarie Group Ltd. bought a new position in Abercrombie & Fitch Co. during the second quarter valued at approximately $169,000. Teacher Retirement System of Texas increased its position in Abercrombie & Fitch Co. by 12.4% in the second quarter. Teacher Retirement System of Texas now owns 9,546 shares of the apparel retailer’s stock valued at $170,000 after buying an additional 1,053 shares in the last quarter. Suntrust Banks Inc. bought a new position in Abercrombie & Fitch Co. during the third quarter valued at approximately $172,000. Finally, Nisa Investment Advisors LLC bought a new position in Abercrombie & Fitch Co. during the second quarter valued at approximately $178,000.

Abercrombie & Fitch Co. Company Profile

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

5 Day Chart for NYSE:ANF

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

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