Abercrombie & Fitch Co. (NYSE:ANF – Get Rating)’s stock price fell 4.4% on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $20.00 to $17.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Abercrombie & Fitch traded as low as $17.86 and last traded at $17.88. Approximately 48,285 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 2,037,627 shares. The stock had previously closed at $18.71.
ANF has been the topic of several other research reports. Morgan Stanley dropped their price target on shares of Abercrombie & Fitch from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 30th. StockNews.com began coverage on shares of Abercrombie & Fitch in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup dropped their price target on shares of Abercrombie & Fitch from $21.00 to $19.00 in a research report on Wednesday, August 31st. B. Riley decreased their price objective on shares of Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, August 16th. Finally, Telsey Advisory Group decreased their price objective on shares of Abercrombie & Fitch from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.17.
Hedge Funds Weigh In On Abercrombie & Fitch
Hedge funds and other institutional investors have recently modified their holdings of the business. LS Investment Advisors LLC acquired a new stake in Abercrombie & Fitch during the second quarter worth about $29,000. DB Wealth Management Group LLC acquired a new stake in Abercrombie & Fitch during the first quarter worth about $33,000. Captrust Financial Advisors increased its position in Abercrombie & Fitch by 24.9% during the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after purchasing an additional 913 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the first quarter valued at about $91,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Abercrombie & Fitch during the first quarter valued at about $95,000. 95.22% of the stock is owned by hedge funds and other institutional investors.
Abercrombie & Fitch Trading Down 4.6 %
The firm has a market capitalization of $882.26 million, a price-to-earnings ratio of 15.09 and a beta of 1.35. The business’s 50-day simple moving average is $16.31 and its two-hundred day simple moving average is $20.89. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.45.
Abercrombie & Fitch (NYSE:ANF – Get Rating) last announced its quarterly earnings results on Thursday, August 25th. The apparel retailer reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.53). Abercrombie & Fitch had a net margin of 2.16% and a return on equity of 11.57%. The company had revenue of $805.90 million for the quarter, compared to analyst estimates of $843.56 million. During the same quarter in the prior year, the business earned $1.70 earnings per share. Abercrombie & Fitch’s revenue was down 6.8% on a year-over-year basis. Equities analysts forecast that Abercrombie & Fitch Co. will post 0.07 earnings per share for the current year.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.