Abercrombie & Fitch (NYSE:ANF – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Other equities analysts have also recently issued research reports about the company. UBS Group boosted their target price on Abercrombie & Fitch from $28.00 to $32.00 in a research report on Thursday, May 25th. Jefferies Financial Group reduced their price objective on Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, May 9th. Citigroup raised their price objective on Abercrombie & Fitch from $24.00 to $33.00 in a research note on Thursday, May 25th. Finally, Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Hold” and a consensus target price of $30.50.
Abercrombie & Fitch Stock Performance
NYSE:ANF opened at $36.32 on Friday. Abercrombie & Fitch has a 12 month low of $14.02 and a 12 month high of $38.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.44 and a quick ratio of 0.86. The firm has a market capitalization of $1.82 billion, a PE ratio of 51.89 and a beta of 1.49. The business’s fifty day moving average price is $33.03 and its 200 day moving average price is $28.97.
Abercrombie & Fitch (NYSE:ANF – Get Free Report) last announced its quarterly earnings results on Wednesday, May 24th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.41. The company had revenue of $836.00 million for the quarter, compared to analyst estimates of $814.93 million. Abercrombie & Fitch had a net margin of 0.96% and a return on equity of 6.82%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) earnings per share. On average, sell-side analysts anticipate that Abercrombie & Fitch will post 2.08 earnings per share for the current fiscal year.
Insider Activity at Abercrombie & Fitch
In other Abercrombie & Fitch news, CEO Fran Horowitz sold 48,760 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $36.90, for a total value of $1,799,244.00. Following the transaction, the chief executive officer now owns 873,913 shares of the company’s stock, valued at $32,247,389.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Fran Horowitz sold 48,760 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $36.90, for a total transaction of $1,799,244.00. Following the sale, the chief executive officer now owns 873,913 shares in the company, valued at $32,247,389.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott D. Lipesky sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $36.00, for a total transaction of $270,000.00. Following the completion of the sale, the chief financial officer now owns 139,418 shares of the company’s stock, valued at $5,019,048. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,598 shares of company stock worth $6,692,536. Company insiders own 3.77% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ANF. Teacher Retirement System of Texas increased its stake in Abercrombie & Fitch by 100.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 36,019 shares of the apparel retailer’s stock worth $1,357,000 after acquiring an additional 18,033 shares during the period. Louisiana State Employees Retirement System raised its stake in Abercrombie & Fitch by 15.4% in the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the apparel retailer’s stock valued at $991,000 after purchasing an additional 3,500 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Abercrombie & Fitch during the second quarter worth about $225,000. Ameriprise Financial Inc. grew its stake in Abercrombie & Fitch by 50.1% during the first quarter. Ameriprise Financial Inc. now owns 288,981 shares of the apparel retailer’s stock worth $8,019,000 after buying an additional 96,486 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Abercrombie & Fitch by 38.8% in the 1st quarter. JPMorgan Chase & Co. now owns 377,431 shares of the apparel retailer’s stock valued at $10,473,000 after buying an additional 105,479 shares during the period. Institutional investors and hedge funds own 99.03% of the company’s stock.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.