Abercrombie & Fitch Company (NYSE:ANF)‘s stock had its “market perform” rating reissued by investment analysts at BMO Capital Markets in a report released on Friday, August 25th, MarketBeat.com reports. They presently have a $12.00 price objective on the apparel retailer’s stock, down from their prior price objective of $14.00. BMO Capital Markets’ price objective points to a potential downside of 14.59% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the company. Telsey Advisory Group upped their price target on Abercrombie & Fitch from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Friday, August 25th. Citigroup Inc. raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a report on Friday, August 25th. Robert W. Baird set a $13.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a report on Thursday, August 24th. FBR & Co reduced their target price on Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, August 15th. Finally, Zacks Investment Research cut Abercrombie & Fitch from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.38.
Abercrombie & Fitch (ANF) opened at 14.05 on Friday. The company’s market cap is $956.69 million. The stock has a 50 day moving average price of $10.82 and a 200 day moving average price of $11.64. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $17.82.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.17. The company had revenue of $779.00 million during the quarter, compared to analysts’ expectations of $758.57 million. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. Abercrombie & Fitch’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.25) EPS. On average, equities research analysts anticipate that Abercrombie & Fitch will post ($0.04) EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of ANF. BlackRock Inc. raised its stake in Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after buying an additional 8,354,665 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in Abercrombie & Fitch in the second quarter valued at $18,038,000. Victory Capital Management Inc. acquired a new stake in Abercrombie & Fitch in the second quarter valued at $10,138,000. Balyasny Asset Management LLC acquired a new stake in Abercrombie & Fitch in the second quarter valued at $10,120,000. Finally, Quinn Opportunity Partners LLC raised its stake in Abercrombie & Fitch by 71.9% in the second quarter. Quinn Opportunity Partners LLC now owns 1,624,979 shares of the apparel retailer’s stock valued at $20,215,000 after buying an additional 679,745 shares in the last quarter. Institutional investors own 98.62% of the company’s stock.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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