Abercrombie & Fitch Company (NYSE:ANF) had its price objective upped by equities research analysts at Telsey Advisory Group from $11.00 to $12.00 in a report released on Friday. The firm currently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential downside of 2.76% from the company’s current price.

ANF has been the topic of several other reports. Deutsche Bank AG cut their target price on Abercrombie & Fitch to $9.00 and set a “sell” rating on the stock in a research report on Monday, July 10th. TheStreet downgraded Abercrombie & Fitch from a “c-” rating to a “d+” rating in a research report on Thursday, June 15th. Vetr downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating and set a $12.58 target price on the stock. in a research report on Monday, May 1st. Royal Bank Of Canada set a $12.00 target price on Abercrombie & Fitch and gave the company a “sell” rating in a research report on Saturday, May 13th. Finally, Zacks Investment Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Eleven research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.27.

Abercrombie & Fitch (NYSE ANF) opened at 12.34 on Friday. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $23.29. The stock’s market cap is $839.32 million. The firm has a 50-day moving average price of $9.80 and a 200 day moving average price of $11.57.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The firm had revenue of $779 million for the quarter, compared to the consensus estimate of $758.57 million. During the same period in the prior year, the firm earned ($0.25) EPS. The firm’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Abercrombie & Fitch will post ($0.17) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after buying an additional 8,354,665 shares during the period. Southpoint Capital Advisors LP bought a new position in Abercrombie & Fitch during the second quarter valued at $18,038,000. Victory Capital Management Inc. bought a new position in Abercrombie & Fitch during the second quarter valued at $10,138,000. Balyasny Asset Management LLC bought a new position in Abercrombie & Fitch during the second quarter valued at $10,120,000. Finally, Quinn Opportunity Partners LLC increased its position in Abercrombie & Fitch by 71.9% in the second quarter. Quinn Opportunity Partners LLC now owns 1,624,979 shares of the apparel retailer’s stock valued at $20,215,000 after buying an additional 679,745 shares during the period.

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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