Abercrombie & Fitch Co. (ANF) Rating Lowered to Sell at Vetr Inc.

Vetr cut shares of Abercrombie & Fitch Co. (NYSE:ANF) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

A number of other analysts also recently weighed in on the company. Wolfe Research downgraded Abercrombie & Fitch Co. from an outperform rating to a market perform rating in a research note on Tuesday, January 31st. Mizuho restated a buy rating and issued a $15.00 price target on shares of Abercrombie & Fitch Co. in a research note on Thursday, March 2nd. William Blair restated an outperform rating on shares of Abercrombie & Fitch Co. in a research note on Wednesday, February 1st. Zacks Investment Research upgraded Abercrombie & Fitch Co. from a strong sell rating to a hold rating in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC restated a hold rating and issued a $13.00 price target on shares of Abercrombie & Fitch Co. in a research note on Wednesday, May 3rd. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $16.68.

Analyst Recommendations for Abercrombie & Fitch Co. (NYSE:ANF)

Abercrombie & Fitch Co. (NYSE:ANF) opened at 12.90 on Friday. The stock’s 50 day moving average price is $12.00 and its 200 day moving average price is $12.73. Abercrombie & Fitch Co. has a 52 week low of $10.50 and a 52 week high of $25.49. The firm has a market capitalization of $877.01 million, a P/E ratio of 222.41 and a beta of 1.25.

Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Thursday, March 2nd. The apparel retailer reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.04. Abercrombie & Fitch Co. had a net margin of 0.38% and a return on equity of 1.50%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities analysts expect that Abercrombie & Fitch Co. will post ($0.09) EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in ANF. BlackRock Inc. raised its position in Abercrombie & Fitch Co. 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 last quarter. Vanguard Group Inc. raised its position in Abercrombie & Fitch Co. by 2.9% in the first quarter. Vanguard Group Inc. now owns 6,076,778 shares of the apparel retailer’s stock valued at $72,496,000 after buying an additional 171,376 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Abercrombie & Fitch Co. by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,686,072 shares of the apparel retailer’s stock valued at $67,836,000 after buying an additional 42,429 shares during the last quarter. BlackRock Fund Advisors raised its position in Abercrombie & Fitch Co. by 6.6% in the third quarter. BlackRock Fund Advisors now owns 3,552,806 shares of the apparel retailer’s stock valued at $56,454,000 after buying an additional 218,534 shares during the last quarter. Finally, State Street Corp raised its position in Abercrombie & Fitch Co. by 11.0% in the first quarter. State Street Corp now owns 3,297,400 shares of the apparel retailer’s stock valued at $39,340,000 after buying an additional 326,288 shares during the last quarter.

About Abercrombie & Fitch Co.

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.

5 Day Chart for NYSE:ANF

To view Vetr’s full report, visit Vetr’s official website.

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