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.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/08/04/abercrombie-fitch-company-anf-cut-to-sell-at-vetr-inc-updated-updated-updated.html.

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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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.