Abercrombie & Fitch Co. (NYSE:ANF) shares 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 trading hands. The stock had previously closed at $20.25.

ANF has been the subject of several recent analyst reports. Vetr upgraded 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 report on Monday, June 27th. Jefferies Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Abercrombie & Fitch Co. in a report on Thursday, July 14th. BMO Capital Markets reiterated a “market perform” rating on shares of Abercrombie & Fitch Co. in a report on Thursday, July 7th. Zacks Investment Research upgraded shares of Abercrombie & Fitch Co. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, Cowen and Company reissued a “hold” rating and set a $22.00 target price (up from $20.00) on shares of Abercrombie & Fitch Co. in a research note on Monday, June 6th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.10.

The firm has a market capitalization of $1.43 billion and a P/E ratio of 24.91. The company 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 announced its quarterly earnings data on Thursday, May 26th. The apparel retailer reported ($0.59) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.08. The firm had revenue of $685.50 million for the quarter, compared to analyst estimates of $709.48 million. During the same quarter in the previous year, the company posted ($0.53) earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, analysts anticipate that Abercrombie & Fitch Co. will post $0.81 earnings per share for the current fiscal year.

Other institutional investors have recently modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of Abercrombie & Fitch Co. during the fourth quarter worth $4,992,000. Systematic Financial Management LP increased its position in shares of Abercrombie & Fitch Co. by 36.9% in the fourth quarter. Systematic Financial Management LP now owns 765,335 shares of the apparel retailer’s stock worth $20,664,000 after buying an additional 206,327 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Abercrombie & Fitch Co. by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,316,407 shares of the apparel retailer’s stock worth $35,543,000 after buying an additional 179,585 shares during the last quarter. Schroder Investment Management Group increased its position in shares of 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 during the last quarter. Finally, Morgan Stanley increased its position in shares of 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 during 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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