Shares of Abercrombie & Fitch Company (NYSE:ANF) fell NaN during trading on Wednesday . The stock traded as low as $11.75 and last traded at $0.00. 5,507,357 shares were traded during mid-day trading, an increase of Infinity from the average session volume of 0 shares.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $14.00 price objective on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and set a $12.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, September 28th. FBR & Co lowered their price objective on shares of Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. Finally, Telsey Advisory Group boosted their price objective on shares of Abercrombie & Fitch from $11.00 to $12.00 and gave the company a “market perform” rating in a research note on Friday, August 25th. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.24.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, August 24th. The apparel retailer reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.17. The company had revenue of $779.00 million during the quarter, compared to the consensus estimate of $758.57 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned ($0.25) EPS.
Large investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth about $114,000. Old Mutual Global Investors UK Ltd. bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth about $133,000. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Abercrombie & Fitch during the 2nd quarter worth about $208,000. Suntrust Banks Inc. lifted its holdings in shares of Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after acquiring an additional 492 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Abercrombie & Fitch by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock worth $167,000 after acquiring an additional 5,957 shares during the period. 98.43% of the stock is owned by institutional investors.
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About Abercrombie & Fitch
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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