Shares of Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) were down 6.4% during trading on Friday after Citigroup lowered their price target on the stock from $32.00 to $24.00. The company traded as low as $22.35 and last traded at $22.58. Approximately 503,594 shares were traded during trading, a decline of 67% from the average daily volume of 1,528,372 shares. The stock had previously closed at $24.13.
A number of other brokerages have also recently commented on ANF. UBS Group increased their target price on Abercrombie & Fitch from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, March 2nd. StockNews.com initiated coverage on shares of Abercrombie & Fitch in a research note on Thursday. They set a “hold” rating on the stock. Jefferies Financial Group reduced their target price on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, May 9th. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, March 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.25.
Hedge Funds Weigh In On Abercrombie & Fitch
Large investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its holdings in Abercrombie & Fitch by 1,051.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,221 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 1,115 shares during the last quarter. Quarry LP acquired a new stake in shares of Abercrombie & Fitch in the first quarter valued at $29,000. Advisory Services Network LLC raised its holdings in shares of Abercrombie & Fitch by 985.0% in the 1st quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 985 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in Abercrombie & Fitch by 19.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,078 shares of the apparel retailer’s stock worth $71,000 after acquiring an additional 511 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in Abercrombie & Fitch by 19.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 511 shares during the period.
Abercrombie & Fitch Stock Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 1.36. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 379.73 and a beta of 1.45. The firm has a 50-day simple moving average of $24.99 and a two-hundred day simple moving average of $24.96.
Abercrombie & Fitch (NYSE:ANF – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The apparel retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Abercrombie & Fitch had a net margin of 0.08% and a return on equity of 1.90%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Abercrombie & Fitch Co. will post 1.43 EPS for the current fiscal year.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.