Shares of Abercrombie & Fitch Co. (NYSE:ANF) rose 5.1% during mid-day trading on Friday . The stock traded as high as $21.29 and last traded at $21.29, with a volume of 970,692 shares changing hands. The stock had previously closed at $20.25.

ANF has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Vetr raised shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating and set a $19.03 price objective for the company in a research report on Monday, June 27th. Morgan Stanley cut their price objective on shares of Abercrombie & Fitch Co. from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Friday, May 27th. Credit Suisse Group AG cut their price objective on shares of Abercrombie & Fitch Co. from $19.00 to $18.00 and set an “underperform” rating for the company in a research report on Friday, May 27th. Finally, Citigroup Inc. cut their price objective on shares of Abercrombie & Fitch Co. from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. Abercrombie & Fitch Co. currently has an average rating of “Hold” and a consensus target price of $24.10.

The stock has a market cap of $1.43 billion and a price-to-earnings ratio of 24.91. The firm has a 50 day moving average price of $19.26 and a 200-day moving average price of $24.76.

Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Thursday, May 26th. The apparel retailer reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.08. During the same quarter in the prior year, the company earned ($0.53) EPS. The business had revenue of $685.50 million for the quarter, compared to analysts’ expectations of $709.48 million. Abercrombie & Fitch Co.’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts expect that Abercrombie & Fitch Co. will post $0.81 earnings per share for the current year.

A number of large investors have bought and sold shares of the company. Liberty Mutual Group Asset Management Inc. increased its stake in Abercrombie & Fitch Co. by 51.6% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 44,843 shares of the apparel retailer’s stock worth $1,212,000 after buying an additional 15,268 shares in the last quarter. Schroder Investment Management Group increased its stake in Abercrombie & Fitch Co. by 12.4% in the fourth quarter. Schroder Investment Management Group now owns 119,285 shares of the apparel retailer’s stock worth $3,221,000 after buying an additional 13,145 shares in the last quarter. Trexquant Investment LP acquired a new stake in Abercrombie & Fitch Co. during the fourth quarter worth $4,992,000. New York State Common Retirement Fund increased its stake in Abercrombie & Fitch Co. by 211.9% in the fourth quarter. New York State Common Retirement Fund now owns 198,040 shares of the apparel retailer’s stock worth $5,347,000 after buying an additional 134,540 shares in the last quarter. Finally, Morgan Stanley increased its stake in Abercrombie & Fitch Co. by 480.4% in the fourth quarter. Morgan Stanley now owns 671,466 shares of the apparel retailer’s stock worth $18,130,000 after buying an additional 555,777 shares in the last quarter.

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.

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