Abercrombie & Fitch (NYSE:ANF) Stock Price Down 4.2% – Should You Sell?

Abercrombie & Fitch Company (NYSE:ANF) shares fell 4.2% during trading on Thursday . The company traded as low as $95.49 and last traded at $95.4610. 797,138 shares were traded during trading, a decline of 66% from the average session volume of 2,332,713 shares. The stock had previously closed at $99.61.

Analyst Ratings Changes

Several research analysts have recently weighed in on ANF shares. BTIG Research lowered their price objective on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. Barclays raised their price objective on shares of Abercrombie & Fitch from $84.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research report on Thursday, October 30th. Finally, Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the stock an “outperform” rating in a report on Thursday, August 28th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Abercrombie & Fitch has an average rating of “Hold” and a consensus price target of $107.33.

Abercrombie & Fitch Stock Down 3.9%

The stock has a market capitalization of $4.51 billion, a P/E ratio of 9.18 and a beta of 1.17. The business’s 50 day simple moving average is $76.86 and its two-hundred day simple moving average is $84.51.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $2.50 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,392 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $94.60, for a total transaction of $131,683.20. Following the transaction, the director directly owned 5,880 shares of the company’s stock, valued at $556,248. This trade represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.29% of the stock is owned by insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Several hedge funds have recently modified their holdings of ANF. Parallel Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 17.6% in the third quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer’s stock valued at $83,000 after acquiring an additional 145 shares in the last quarter. Franklin Resources Inc. grew its stake in Abercrombie & Fitch by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer’s stock valued at $3,958,000 after purchasing an additional 167 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Abercrombie & Fitch by 1.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer’s stock worth $793,000 after buying an additional 173 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Abercrombie & Fitch by 0.6% in the 1st quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer’s stock worth $2,375,000 after purchasing an additional 180 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Abercrombie & Fitch by 2.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,897 shares of the apparel retailer’s stock valued at $590,000 after purchasing an additional 194 shares during the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.