Abercrombie & Fitch Co. (NYSE:ANF) Receives Consensus Rating of “Hold” from Analysts

Shares of Abercrombie & Fitch Co. (NYSE:ANFGet Rating) have received an average recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $28.67.

Several research firms have recently issued reports on ANF. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $35.00 to $39.00 in a report on Monday, May 16th. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, June 2nd. B. Riley reduced their target price on Abercrombie & Fitch from $48.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. TheStreet cut Abercrombie & Fitch from a “b” rating to a “c” rating in a report on Tuesday, May 24th. Finally, UBS Group reduced their target price on Abercrombie & Fitch from $34.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, May 25th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management raised its position in Abercrombie & Fitch by 488.0% in the fourth quarter. LSV Asset Management now owns 224,600 shares of the apparel retailer’s stock valued at $7,823,000 after purchasing an additional 186,400 shares during the period. Smith Graham & Co. Investment Advisors LP increased its position in shares of Abercrombie & Fitch by 3.5% during the first quarter. Smith Graham & Co. Investment Advisors LP now owns 107,489 shares of the apparel retailer’s stock worth $3,439,000 after acquiring an additional 3,586 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth about $177,000. Insight Wealth Strategies LLC increased its position in shares of Abercrombie & Fitch by 4.1% during the first quarter. Insight Wealth Strategies LLC now owns 26,187 shares of the apparel retailer’s stock worth $838,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Versor Investments LP increased its position in shares of Abercrombie & Fitch by 52.6% during the first quarter. Versor Investments LP now owns 9,782 shares of the apparel retailer’s stock worth $313,000 after acquiring an additional 3,372 shares during the last quarter. 99.58% of the stock is owned by hedge funds and other institutional investors.

Abercrombie & Fitch Price Performance

ANF stock opened at $18.02 on Friday. Abercrombie & Fitch has a 52-week low of $16.24 and a 52-week high of $48.97. The stock’s fifty day simple moving average is $18.42 and its 200-day simple moving average is $28.40. The company has a quick ratio of 0.76, a current ratio of 1.42 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $909.11 million, a price-to-earnings ratio of 5.53 and a beta of 1.43.

Abercrombie & Fitch (NYSE:ANFGet Rating) last posted its quarterly earnings data on Tuesday, May 24th. The apparel retailer reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.35). Abercrombie & Fitch had a return on equity of 25.09% and a net margin of 5.47%. The business had revenue of $812.80 million for the quarter, compared to analyst estimates of $799.33 million. During the same quarter last year, the business earned $0.67 EPS. Abercrombie & Fitch’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts expect that Abercrombie & Fitch will post 2.13 EPS for the current year.

About Abercrombie & Fitch

(Get Rating)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

See Also

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.