Abercrombie & Fitch Company (NYSE:ANF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research analysts also recently issued reports on ANF. Vetr upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $13.24 price target for the company in a research note on Thursday, May 4th. Standpoint Research downgraded shares of Abercrombie & Fitch from a “buy” rating to a “reduce” rating in a research note on Wednesday, May 10th. Wunderlich downgraded shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Friday, May 12th. Finally, Royal Bank Of Canada set a $12.00 price target on shares of Abercrombie & Fitch and gave the stock a “sell” rating in a research note on Saturday, May 13th. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.19.

Abercrombie & Fitch (NYSE:ANF) traded up 2.83% during midday trading on Friday, hitting $13.10. 2,868,251 shares of the stock traded hands. Abercrombie & Fitch has a 12-month low of $8.81 and a 12-month high of $23.29. The firm’s market cap is $892.01 million. The company’s 50-day moving average is $10.20 and its 200 day moving average is $11.60. Abercrombie & Fitch also saw unusually large options trading activity on Tuesday. Stock investors purchased 3,302 put options on the company. This represents an increase of approximately 1,051% compared to the average daily volume of 287 put options.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $779 million during the quarter, compared to the consensus estimate of $758.57 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Abercrombie & Fitch will post ($0.04) EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Teachers Advisors LLC raised its stake in shares of Abercrombie & Fitch by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 117,301 shares of the apparel retailer’s stock valued at $1,408,000 after buying an additional 1,698 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Abercrombie & Fitch by 1,201.0% in the first quarter. Bank of Montreal Can now owns 66,232 shares of the apparel retailer’s stock valued at $790,000 after buying an additional 61,141 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Abercrombie & Fitch by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 27,600 shares of the apparel retailer’s stock valued at $329,000 after buying an additional 400 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Abercrombie & Fitch by 143.4% in the first quarter. Nisa Investment Advisors LLC now owns 24,100 shares of the apparel retailer’s stock valued at $288,000 after buying an additional 14,200 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Abercrombie & Fitch by 18.8% in the first quarter. Wells Fargo & Company MN now owns 310,772 shares of the apparel retailer’s stock valued at $3,708,000 after buying an additional 49,121 shares during the last quarter. Institutional investors own 98.62% of the company’s stock.

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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