Abercrombie & Fitch (NYSE:ANF)‘s stock had its “underweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a report released on Thursday, The Fly reports. They currently have a $16.00 price objective on the apparel retailer’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 15.92% from the stock’s previous close.

A number of other equities research analysts also recently commented on ANF. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, July 31st. ValuEngine downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. William Blair downgraded Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 30th. Finally, Morgan Stanley lifted their target price on Abercrombie & Fitch from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, September 4th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.68.

NYSE ANF opened at $19.03 on Thursday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 1.82 and a beta of 0.45. The company has a current ratio of 2.25, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. Abercrombie & Fitch has a fifty-two week low of $11.61 and a fifty-two week high of $29.69.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.10. The company had revenue of $842.41 million for the quarter, compared to analyst estimates of $845.11 million. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) earnings per share. Equities analysts anticipate that Abercrombie & Fitch will post 0.76 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Abercrombie & Fitch by 2.2% in the 2nd quarter. BlackRock Inc. now owns 9,447,328 shares of the apparel retailer’s stock valued at $231,272,000 after buying an additional 200,895 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Abercrombie & Fitch by 174.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,924,700 shares of the apparel retailer’s stock valued at $71,597,000 after buying an additional 1,858,200 shares during the period. Northern Trust Corp raised its holdings in shares of Abercrombie & Fitch by 7.6% in the 2nd quarter. Northern Trust Corp now owns 926,116 shares of the apparel retailer’s stock valued at $22,672,000 after buying an additional 65,232 shares during the period. Copper Rock Capital Partners LLC purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at $19,833,000. Finally, Systematic Financial Management LP raised its holdings in shares of Abercrombie & Fitch by 15.1% in the 2nd quarter. Systematic Financial Management LP now owns 734,808 shares of the apparel retailer’s stock valued at $17,988,000 after buying an additional 96,346 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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