Abercrombie & Fitch (ANF) Trading Down 5.4%

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.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.20. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $1.38 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Abercrombie & Fitch Co. will post 1.36 earnings per share for the current year.

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.

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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.

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