Abercrombie & Fitch (NYSE:ANF) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a sell rating to a hold rating in a research report report published on Friday, ValuEngine reports.

ANF has been the subject of a number of other research reports. B. Riley set a $26.00 price target on Abercrombie & Fitch and gave the company a hold rating in a research report on Wednesday, June 5th. Argus cut Abercrombie & Fitch from a buy rating to a hold rating in a research report on Friday, May 31st. Bank of America dropped their price target on Abercrombie & Fitch from $20.00 to $16.00 and set an underperform rating for the company in a research report on Thursday, May 30th. Zacks Investment Research upgraded Abercrombie & Fitch from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Tuesday, May 21st. Finally, Wedbush upgraded Abercrombie & Fitch from an underperform rating to a neutral rating and raised their price target for the company from $16.00 to $18.00 in a research report on Thursday, July 11th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $22.33.

Shares of ANF stock traded up $0.72 during mid-day trading on Friday, reaching $17.53. The stock had a trading volume of 3,052,636 shares, compared to its average volume of 2,235,785. Abercrombie & Fitch has a 12-month low of $14.66 and a 12-month high of $30.63. The firm has a market capitalization of $1.24 billion, a P/E ratio of 15.24, a P/E/G ratio of 1.40 and a beta of 0.89. The firm’s 50-day moving average is $17.16. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.04 and a current ratio of 1.64.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.14. Abercrombie & Fitch had a return on equity of 8.73% and a net margin of 2.76%. The business had revenue of $733.97 million during the quarter, compared to analysts’ expectations of $730.79 million. During the same quarter last year, the business posted ($0.56) earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts forecast that Abercrombie & Fitch will post 0.89 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Optimum Investment Advisors acquired a new stake in Abercrombie & Fitch in the 1st quarter worth about $27,000. Investors Research Corp acquired a new stake in Abercrombie & Fitch in the 1st quarter worth about $130,000. Advisory Services Network LLC acquired a new stake in Abercrombie & Fitch in the 2nd quarter worth about $85,000. CIBC World Markets Inc. acquired a new stake in Abercrombie & Fitch in the 1st quarter worth about $216,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Abercrombie & Fitch in the 1st quarter worth about $171,000.

Abercrombie & Fitch Company Profile

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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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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