Abercrombie & Fitch (NYSE:ANF) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley lifted their target price on Abercrombie & Fitch from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Tuesday, September 4th. Wedbush decreased their target price on Abercrombie & Fitch from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, October 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $16.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, October 11th. Zacks Investment Research lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, William Blair lowered Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 30th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Abercrombie & Fitch presently has an average rating of “Hold” and an average target price of $22.01.

Shares of NYSE ANF opened at $15.96 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.25 and a quick ratio of 1.43. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 1.41 and a beta of 0.46. Abercrombie & Fitch has a twelve month low of $15.28 and a twelve month high of $29.69.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.10. The business had revenue of $842.41 million during the quarter, compared to analyst estimates of $845.11 million. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. Abercrombie & Fitch’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) EPS. Research analysts expect that Abercrombie & Fitch will post 0.75 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its position in shares of Abercrombie & Fitch by 7.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,320 shares of the apparel retailer’s stock worth $717,000 after acquiring an additional 2,150 shares in the last quarter. Vident Investment Advisory LLC raised its position in shares of Abercrombie & Fitch by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 159,430 shares of the apparel retailer’s stock worth $3,903,000 after acquiring an additional 2,391 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Abercrombie & Fitch by 1.0% in the 2nd quarter. Federated Investors Inc. PA now owns 255,770 shares of the apparel retailer’s stock worth $6,262,000 after acquiring an additional 2,482 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Abercrombie & Fitch by 25.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 17,125 shares of the apparel retailer’s stock worth $439,000 after acquiring an additional 3,425 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Abercrombie & Fitch by 17.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 24,056 shares of the apparel retailer’s stock worth $589,000 after acquiring an additional 3,639 shares in the last quarter.

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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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