Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by investment analysts at FBR & Co from a “market perform” rating to an “underperform” rating in a report released on Tuesday. They presently have a $14.00 target price on the apparel retailer’s stock, down from their prior target price of $19.00. FBR & Co’s price target would indicate a potential downside of 14.06% from the stock’s current price.

Several other brokerages also recently issued reports on ANF. Standpoint Research raised Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $18.00 price target on shares of Abercrombie & Fitch Co. in a research note on Friday, August 26th. Mizuho cut their price target on Abercrombie & Fitch Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 25th. Jefferies Group reaffirmed a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Tuesday, August 23rd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $20.00 price target (down from $23.00) on shares of Abercrombie & Fitch Co. in a research note on Monday, August 15th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.85.

Analyst Recommendations for Abercrombie & Fitch Co. (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANF) opened at 16.29 on Tuesday. The firm has a 50-day moving average price of $15.54 and a 200-day moving average price of $19.04. The stock has a market cap of $1.10 billion, a PE ratio of 23.96 and a beta of 1.31. Abercrombie & Fitch Co. has a 12-month low of $14.00 and a 12-month high of $32.83.

Abercrombie & Fitch Co. (NYSE:ANF) last announced its quarterly earnings data on Tuesday, August 30th. The apparel retailer reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.05. The business earned $783.20 million during the quarter, compared to analysts’ expectations 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 revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. Analysts forecast that Abercrombie & Fitch Co. will post $0.47 EPS for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. increased its stake in Abercrombie & Fitch Co. by 86.8% in the third quarter. Panagora Asset Management Inc. now owns 7,104 shares of the apparel retailer’s stock worth $113,000 after buying an additional 3,302 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Abercrombie & Fitch Co. during the second quarter worth approximately $139,000. Macquarie Group Ltd. bought a new stake in shares of Abercrombie & Fitch Co. during the second quarter worth approximately $169,000. Teacher Retirement System of Texas boosted its stake in shares of 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 worth $170,000 after buying an additional 1,053 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in shares of Abercrombie & Fitch Co. during the third quarter worth approximately $172,000.

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

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