Abercrombie & Fitch (NYSE:ANF) Lifted to “Hold” at ValuEngine

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ValuEngine upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a sell rating to a hold rating in a research report report published on Friday morning, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Bank of America cut their target price on shares of Abercrombie & Fitch from $20.00 to $16.00 and set an underperform rating for the company in a research report on Thursday, May 30th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a hold rating to a buy rating and set a $29.00 price objective on the stock in a report on Tuesday, May 21st. Wedbush upgraded shares of Abercrombie & Fitch from an underperform rating to a neutral rating and boosted their price objective for the stock from $16.00 to $18.00 in a report on Thursday, July 11th. They noted that the move was a valuation call. TheStreet downgraded shares of Abercrombie & Fitch from a b- rating to a c+ rating in a report on Monday, June 17th. Finally, B. Riley set a $26.00 price objective on shares of Abercrombie & Fitch and gave the stock a hold rating in a report on Wednesday, June 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Abercrombie & Fitch presently has an average rating of Hold and a consensus price target of $22.33.

Abercrombie & Fitch stock opened at $16.81 on Friday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.04 and a current ratio of 1.64. Abercrombie & Fitch has a fifty-two week low of $14.66 and a fifty-two week high of $30.63. The stock’s fifty day moving average price is $17.26.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.14. The firm had revenue of $733.97 million during the quarter, compared to analyst estimates of $730.79 million. Abercrombie & Fitch had a net margin of 2.76% and a return on equity of 8.73%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.56) EPS. Analysts forecast that Abercrombie & Fitch will post 0.89 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Optimum Investment Advisors bought a new position in shares of Abercrombie & Fitch during the 1st quarter worth about $27,000. Advisory Services Network LLC bought a new stake in Abercrombie & Fitch in the second quarter valued at about $85,000. Meeder Asset Management Inc. increased its stake in Abercrombie & Fitch by 2,008.5% in the second quarter. Meeder Asset Management Inc. now owns 5,714 shares of the apparel retailer’s stock valued at $91,000 after acquiring an additional 5,443 shares during the period. Investors Research Corp bought a new stake in Abercrombie & Fitch in the first quarter valued at about $130,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Abercrombie & Fitch in the first quarter valued at about $171,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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