Abercrombie & Fitch Co. (NYSE:ANF), Qutoutiao Inc. (NASDAQ:QTT)

Abercrombie & Fitch Co. (NYSE:ANF), Qutoutiao Inc. (NASDAQ:QTT)

The shares of Abercrombie & Fitch Co. (NYSE:ANF) has been pegged with a rating of Buy by B. Riley FBR in its latest research note that was published on April 03, 2020. The Services company has also assigned a $11 price target. B. Riley FBR wasn’t the only research firm that published a report of Abercrombie & Fitch Co., with other equities research analysts also giving their opinion on the stock. Wedbush advised investors in its research note published on March 11, 2020, to Outperform the ANF stock while also putting a $16 price target. The stock had earned Outperform rating from Telsey Advisory Group Markets when it published its report on February 03, 2020. That day the Telsey Advisory Group set price target on the stock to $21. Wolfe Research was of a view that ANF is Peer Perform in its latest report on September 04, 2019. Deutsche Bank thinks that ANF is worth Hold rating. This was contained in the firm’s report on August 30, 2019 in which the stock’s price target was also moved to 14.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $12.58. The price of the stock the last time has raised by 31.63% from its 52-Week high price while it is -68.14% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 43.95.

The shares of the company dipped by -5.24% during the trading session on Tuesday, reaching a low of $9.37 while ending the day at $9.76. During the trading session, a total of 2.08 million shares were traded which represents a 24.89% incline from the average session volume which is 2.77 million shares. ANF had ended its last session trading at $10.30. Abercrombie & Fitch Co. debt-to-equity ratio currently stands at 0.22, while its quick ratio hovers at 1.00 ANF 52-week low price stands at $7.41 while its 52-week high price is $30.63.

The company in its last quarterly report recorded $1.31 earnings per share which is above the predicted by most analysts. The Abercrombie & Fitch Co. generated 671.27 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.23 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 122.14%. Abercrombie & Fitch Co. has the potential to record -0.18 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Jefferies published a research note on December 05, 2019 where it informed investors and clients that Qutoutiao Inc. (NASDAQ:QTT) is now rated as Buy. Citigroup also rated QTT as Upgrade on April 16, 2019, with its price target of $14 suggesting that QTT could surge by 91.25% from its current share price. Even though the stock has been trading at $2.87/share, analysts expect it to down by -11.85% to reach $28.92/share. It started the day trading at $2.82 and traded between $2.49 and $2.53 throughout the trading session.

A look at its technical shows that QTT’s 50-day SMA is 4.06 while its 200-day SMA stands at 3.91. The stock has a high of $9.11 for the year while the low is $2.22. The stock, however, witnessed a rise in its short on 03/31/20. Compared to previous close which recorded 9.29 M shorted shares, the short percentage went lower by -26.07%, as 6.87M ANF shares were shorted. The company’s average trading volume currently stands at 2.08M shares, which means that the short-interest ratio is just 3.30 days. Over the past seven days, the company moved, with its shift of -17.05%. Looking further, the stock has dropped -40.75% over the past 90 days while it lost -23.56% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more QTT shares, increasing its portfolio by 7.42% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 243,036 shares in the last quarter, thus it now holds 3,517,766 shares of QTT, with a total valuation of $8,407,461. Krane Funds Advisors LLC meanwhile bought more QTT shares in the recently filed quarter, changing its stake to $3,721,655 worth of shares.

Similarly, BlackRock Fund Advisors increased its Qutoutiao Inc. shares by 49.42% during the recently filed quarter. After buying 567,754 shares in the last quarter, the firm now controls 187,783 shares of Qutoutiao Inc. which are valued at $1,356,932. In the same vein, Norges Bank Investment Management increased its Qutoutiao Inc. shares by during the most recent reported quarter. The firm bought 449,438 shares during the quarter which increased its stakes to 449,438 shares and is now valued at $1,074,157.

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