Shares of Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) have been assigned an average recommendation of "Hold" from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.83.
A number of brokerages recently commented on ANF. TheStreet cut Abercrombie & Fitch from a "b" rating to a "c" rating in a research note on Tuesday, May 24th. UBS Group decreased their price objective on Abercrombie & Fitch from $34.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, May 25th. Morgan Stanley decreased their target price on Abercrombie & Fitch from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Tuesday, August 30th. StockNews.com cut Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research report on Thursday, June 2nd. Finally, Telsey Advisory Group reduced their price objective on Abercrombie & Fitch from $30.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, August 26th.
Get Abercrombie & Fitch alerts:Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. DB Wealth Management Group LLC bought a new stake in shares of Abercrombie & Fitch in the first quarter valued at about $33,000. LS Investment Advisors LLC bought a new stake in Abercrombie & Fitch during the second quarter worth about $29,000. Nisa Investment Advisors LLC bought a new stake in Abercrombie & Fitch during the first quarter worth about $91,000. Geneos Wealth Management Inc. bought a new stake in Abercrombie & Fitch during the first quarter worth about $95,000. Finally, Captrust Financial Advisors lifted its position in Abercrombie & Fitch by 46.3% during the first quarter. Captrust Financial Advisors now owns 3,667 shares of the apparel retailer's stock worth $117,000 after purchasing an additional 1,161 shares during the period. 95.22% of the stock is currently owned by institutional investors.
Abercrombie & Fitch Trading Up 2.9 %
ANF stock opened at $15.48 on Friday. The company has a market cap of $765.49 million, a P/E ratio of 12.48 and a beta of 1.50. Abercrombie & Fitch has a twelve month low of $14.02 and a twelve month high of $48.97. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $17.50 and a 200-day moving average of $24.07.Abercrombie & Fitch (NYSE:ANF – Get Rating) last released its earnings results on Thursday, August 25th. The apparel retailer reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.52). Abercrombie & Fitch had a return on equity of 11.57% and a net margin of 2.16%. The firm had revenue of $805.90 million for the quarter, compared to the consensus estimate of $843.56 million. During the same quarter in the previous year, the firm earned $1.70 EPS. The company's revenue was down 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Abercrombie & Fitch will post 0.09 EPS for the current year.
About Abercrombie & Fitch
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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.
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