Abercrombie & Fitch (NYSE:ANF) Stock Price Down 2.9%

Abercrombie & Fitch Co. (NYSE:ANF)’s stock price was down 2.9% on Thursday . The company traded as low as $15.48 and last traded at $15.15, approximately 86,438 shares were traded during mid-day trading. A decline of 96% from the average daily volume of 2,315,531 shares. The stock had previously closed at $15.61.

A number of analysts have weighed in on ANF shares. Wedbush raised Abercrombie & Fitch from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $16.00 to $18.00 in a research report on Thursday, July 11th. They noted that the move was a valuation call. B. Riley set a $26.00 price target on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, June 5th. Zacks Investment Research raised 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. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, TheStreet cut Abercrombie & Fitch from a “b-” rating to a “c+” rating in a research report on Monday, June 17th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.33.

The business has a 50-day simple moving average of $17.36 and a two-hundred day simple moving average of $21.87. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.20 and a beta of 0.89. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 1.32.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.14. The business had revenue of $733.97 million for the quarter, compared to analyst estimates of $730.79 million. Abercrombie & Fitch had a return on equity of 8.73% and a net margin of 2.76%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.56) earnings per share. As a group, equities analysts anticipate that Abercrombie & Fitch Co. will post 0.89 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in shares of Abercrombie & Fitch by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,501 shares of the apparel retailer’s stock worth $699,000 after purchasing an additional 461 shares during the period. Rhumbline Advisers increased its stake in shares of Abercrombie & Fitch by 0.3% in the first quarter. Rhumbline Advisers now owns 198,505 shares of the apparel retailer’s stock worth $5,441,000 after purchasing an additional 544 shares during the period. Mason Street Advisors LLC increased its stake in shares of Abercrombie & Fitch by 3.4% in the first quarter. Mason Street Advisors LLC now owns 21,146 shares of the apparel retailer’s stock worth $580,000 after purchasing an additional 698 shares during the period. Gagnon Securities LLC increased its stake in shares of Abercrombie & Fitch by 3.1% in the second quarter. Gagnon Securities LLC now owns 23,677 shares of the apparel retailer’s stock worth $380,000 after purchasing an additional 706 shares during the period. Finally, Comerica Bank increased its stake in shares of Abercrombie & Fitch by 1.4% in the first quarter. Comerica Bank now owns 66,970 shares of the apparel retailer’s stock worth $1,707,000 after purchasing an additional 924 shares during the period.

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.

Featured Article: Growth Stocks

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.