Shares of Abercrombie & Fitch Company (NYSE:ANF) have been assigned a consensus rating of “Hold” from the twenty-seven analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.09.
ANF has been the topic of several research analyst reports. Deutsche Bank AG decreased their price target on shares of Abercrombie & Fitch to $9.00 and set a “sell” rating on the stock in a research note on Monday, July 10th. BidaskClub upgraded shares of Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. William Blair reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Friday, August 25th. Citigroup Inc. upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a report on Friday, August 25th. Finally, Royal Bank Of Canada upgraded shares of Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and raised their price objective for the stock from $12.00 to $14.00 in a report on Thursday, August 31st.
Hedge funds have recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI raised its stake in shares of Abercrombie & Fitch by 44.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 336,947 shares of the apparel retailer’s stock worth $4,192,000 after acquiring an additional 104,009 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Abercrombie & Fitch by 84.5% in the second quarter. Eqis Capital Management Inc. now owns 544,148 shares of the apparel retailer’s stock worth $6,769,000 after purchasing an additional 249,139 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Abercrombie & Fitch by 94.4% in the first quarter. UBS Asset Management Americas Inc. now owns 64,668 shares of the apparel retailer’s stock worth $771,000 after purchasing an additional 31,404 shares during the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Abercrombie & Fitch in the second quarter worth approximately $18,038,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Abercrombie & Fitch by 16.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,211,060 shares of the apparel retailer’s stock worth $17,489,000 after purchasing an additional 170,852 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.
Abercrombie & Fitch (ANF) opened at 13.43 on Wednesday. The firm’s market capitalization is $914.41 million. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $17.35. The firm has a 50-day moving average price of $13.96 and a 200-day moving average price of $12.24.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.17. The firm had revenue of $779.00 million during the quarter, compared to analyst estimates of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.25) earnings per share. Equities analysts forecast that Abercrombie & Fitch will post ($0.03) EPS for the current year.
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Abercrombie & Fitch Company Profile
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.
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