Abercrombie & Fitch (NYSE: ANF) was the recipient of a ratings changes during the seven days:

  • Abercrombie & Fitch had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $32.00 price target on the stock. Zacks‘ analyst wrote, “Abercrombie’s second-quarter 2012 earnings of $0.19 per share plunged substantially from the prior-year period earnings of $0.35, primarily due to increased average unit cost and operating expenses. However, the quarterly earnings surpassed the Zacks Consensus Estimate by a couple of cents. Based on soft quarterly results, the company trimmed down its earnings guidance for fiscal 2012 to $2.50-$2.75 per share, from its earlier guidance range of $3.50 $3.75. Also, the company now anticipates a 10% decline in comparable-store sales for the second half of fiscal 2012. However, Despite the disappointing second-quarter result and lowered fiscal outlook, we have maintained our long-term Neutral recommendation on Abercrombie, since we believe that the company’s continuous focus on expanding global operations and improving cash flows while maintaining a healthy balance sheet bode well for future growth. Moreover, the stock is trading at a discount based on our forward earnings estimates which makes it an attractive bet for investment.”
  • Abercrombie & Fitch had its “sector perform” rating reaffirmed by analysts at RBC Capital. They now have a $32.00 price target on the stock.
  • Abercrombie & Fitch had its “outperform” rating reaffirmed by analysts at FBR Capital. They now have a $45.00 price target on the stock.
  • Abercrombie & Fitch had its “neutral” rating reaffirmed by analysts at Janney Montgomery Scott. They now have a $38.00 price target on the stock.
  • Abercrombie & Fitch had its “buy” rating reaffirmed by analysts at Brean Murray. They now have a $42.00 price target on the stock.

Shares of Abercrombie & Fitch traded down 3.65% during mid-day trading on Thursday, hitting $31.64. Abercrombie & Fitch has a 52 week low of $28.64 and a 52 week high of $57.56. The company has a market cap of $2.613 billion and a P/E ratio of 31.73.

Abercrombie & Fitch Co (A&F), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.