Abercrombie & Fitch Company (NYSE:ANF)‘s stock had its “market perform” rating reiterated by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a $12.00 price target on the apparel retailer’s stock, down from their previous price target of $14.00. BMO Capital Markets’ target price would indicate a potential downside of 2.76% from the stock’s previous close.

ANF has been the subject of several other research reports. Deutsche Bank AG reduced their target price on shares of Abercrombie & Fitch to $9.00 and set a “sell” rating for the company in a report on Monday, July 10th. TheStreet cut shares of Abercrombie & Fitch from a “c-” rating to a “d+” rating in a report on Thursday, June 15th. Vetr cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating and set a $12.58 price objective for the company. in a report on Monday, May 1st. Royal Bank Of Canada set a $12.00 price objective on shares of Abercrombie & Fitch and gave the company a “sell” rating in a report on Saturday, May 13th. Finally, Zacks Investment Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Twelve investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.48.

Abercrombie & Fitch (NYSE ANF) traded up 9.69% during mid-day trading on Friday, reaching $12.34. The company’s stock had a trading volume of 13,547,991 shares. The company has a 50-day moving average price of $9.80 and a 200-day moving average price of $11.57. The firm’s market cap is $839.32 million. Abercrombie & Fitch has a 12-month low of $8.81 and a 12-month high of $23.29.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The firm had revenue of $779 million during the quarter, compared to analysts’ expectations of $758.57 million. During the same quarter last year, the company posted ($0.25) earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that Abercrombie & Fitch will post ($0.17) earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. purchased a new position in Abercrombie & Fitch during the second quarter valued at $114,000. Point72 Asia Hong Kong Ltd purchased a new position in Abercrombie & Fitch during the first quarter valued at $149,000. Suntrust Banks Inc. raised 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. State of Alaska Department of Revenue raised 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. Finally, Quantitative Investment Management LLC purchased a new position in Abercrombie & Fitch during the second quarter valued at $170,000.

About Abercrombie & Fitch

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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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