Abercrombie & Fitch Co. (NYSE:ANF)’s share price fell 5.4% on Monday . The stock traded as low as $25.78 and last traded at $26.09. 2,165,406 shares were traded during trading, a decline of 5% from the average session volume of 2,278,823 shares. The stock had previously closed at $27.58.
Several research firms have recently weighed in on ANF. ValuEngine raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Wedbush downgraded Abercrombie & Fitch from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research report on Thursday, May 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. B. Riley set a $26.00 price objective on Abercrombie & Fitch and gave the company a “hold” rating in a research report on Thursday, March 7th. Finally, Deutsche Bank set a $24.00 price objective on Abercrombie & Fitch and gave the company a “sell” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Abercrombie & Fitch presently has a consensus rating of “Hold” and a consensus price target of $23.36.
The company has a debt-to-equity ratio of 0.24, a current ratio of 2.39 and a quick ratio of 1.61. The stock has a market capitalization of $1.74 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.63.
In other news, Director Nigel Travis purchased 2,917 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $25.70 per share, with a total value of $74,966.90. Following the transaction, the director now owns 2,917 shares of the company’s stock, valued at $74,966.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.95% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ANF. Contrarius Investment Management Ltd purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth $57,945,000. Norges Bank purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth $25,718,000. Morgan Stanley lifted its stake in shares of Abercrombie & Fitch by 309.1% during the 3rd quarter. Morgan Stanley now owns 1,609,414 shares of the apparel retailer’s stock worth $33,991,000 after purchasing an additional 1,215,986 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Abercrombie & Fitch by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock worth $237,225,000 after purchasing an additional 1,119,930 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Abercrombie & Fitch by 25.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,891,121 shares of the apparel retailer’s stock worth $79,246,000 after purchasing an additional 594,811 shares during the last quarter.
COPYRIGHT VIOLATION NOTICE: “Abercrombie & Fitch (ANF) Trading Down 5.4%” was first published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/05/15/abercrombie-fitch-anf-trading-down-5-4.html.
About Abercrombie & Fitch (NYSE:ANF)
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.