Abercrombie & Fitch Company (ANF) Stock Rating Lowered by Vetr Inc.
Abercrombie & Fitch Company (NYSE:ANF) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a report released on Wednesday, July 5th. They presently have a $12.10 price objective on the apparel retailer’s stock. Vetr‘s target price suggests a potential upside of 18.98% from the company’s current price.
Several other equities research analysts have also weighed in on the company. Wunderlich raised Abercrombie & Fitch from a “sell” rating to a “hold” rating and raised their target price for the stock from $10.50 to $12.00 in a research report on Thursday, June 22nd. TheStreet downgraded Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research note on Thursday, June 15th. Nomura set a $10.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, June 12th. Royal Bank Of Canada reissued a “sell” rating and issued a $12.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, June 13th. Finally, Instinet reissued a “neutral” rating and issued a $10.00 price target on shares of Abercrombie & Fitch in a report on Monday, June 12th. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.85.
Abercrombie & Fitch (ANF) traded up 2.01% during mid-day trading on Wednesday, hitting $10.17. 1,837,512 shares of the stock were exchanged. The stock has a 50 day moving average of $10.98 and a 200-day moving average of $11.80. The stock’s market cap is $691.72 million. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $23.29. Abercrombie & Fitch also saw some unusual options trading on Tuesday. Traders purchased 3,302 put options on the company. This is an increase of approximately 1,051% compared to the average volume of 287 put options.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by $0.21. Abercrombie & Fitch had a negative net margin of 0.55% and a negative return on equity of 1.26%. The company had revenue of $661.10 million during the quarter, compared to analyst estimates of $651.25 million. During the same period in the prior year, the business earned ($0.53) EPS. Abercrombie & Fitch’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts predict that Abercrombie & Fitch will post ($0.30) EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Credit Agricole S A purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at about $120,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Abercrombie & Fitch during the first quarter valued at about $149,000. Searle & CO. purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at about $152,000. Suntrust Banks Inc. increased its position in Abercrombie & Fitch by 7.9% in the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock valued at $152,000 after buying an additional 931 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Abercrombie & Fitch by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after buying an additional 5,957 shares during the last quarter.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Stock Ratings for Abercrombie & Fitch Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Company and related stocks with our FREE daily email newsletter.