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.
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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