Stocks: Abercrombie & Fitch Co. (ANF) Stock Rating Lowered by Vetr Inc.

Stocks: Abercrombie & Fitch Co. (ANF) Stock Rating Lowered by Vetr Inc.

Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other analysts also recently weighed in on the company. Wunderlich downgraded Abercrombie & Fitch Co. from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research report on Thursday. Standpoint Research downgraded Abercrombie & Fitch Co. from a “buy” rating to a “reduce” rating in a research report on Wednesday. Jefferies Group LLC reiterated a “hold” rating and set a $13.00 target price on shares of Abercrombie & Fitch Co. in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded Abercrombie & Fitch Co. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $12.00 target price on shares of Abercrombie & Fitch Co. in a research report on Monday, April 10th. Twelve investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.70.

Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.57% on Friday, reaching $14.02. The company’s stock had a trading volume of 971,435 shares. The company has a market cap of $953.15 million, a P/E ratio of 241.72 and a beta of 1.25. The company has a 50-day moving average price of $11.69 and a 200 day moving average price of $12.78. Abercrombie & Fitch Co. has a 12 month low of $10.50 and a 12 month high of $25.49.

Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings results on Thursday, March 2nd. The apparel retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Abercrombie & Fitch Co. had a net margin of 0.38% and a return on equity of 1.50%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, equities research analysts anticipate that Abercrombie & Fitch Co. will post ($0.07) EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the company. Credit Agricole S A purchased a new position in shares of Abercrombie & Fitch Co. during the fourth quarter worth about $120,000. A.R.T. Advisors LLC purchased a new position in shares of Abercrombie & Fitch Co. during the fourth quarter worth about $2,136,000. Guggenheim Capital LLC boosted its position in shares of Abercrombie & Fitch Co. by 237.2% in the fourth quarter. Guggenheim Capital LLC now owns 301,129 shares of the apparel retailer’s stock worth $3,614,000 after buying an additional 211,835 shares during the last quarter. Comerica Bank boosted its stake in shares of Abercrombie & Fitch Co. by 33.7% in the fourth quarter. Comerica Bank now owns 73,504 shares of the apparel retailer’s stock valued at $873,000 after buying an additional 18,508 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Abercrombie & Fitch Co. by 37.2% in the third quarter. Morgan Stanley now owns 1,621,560 shares of the apparel retailer’s stock valued at $25,767,000 after buying an additional 439,922 shares during the last quarter.

Abercrombie & Fitch Co. Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

To view Vetr’s full report, visit Vetr’s official website.

Related posts

Leave a Comment