Abercrombie & Fitch (NYSE:ANF) had its price target reduced by equities researchers at Wedbush from $25.00 to $17.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. Wedbush’s price target indicates a potential downside of 7.76% from the company’s current price.
A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $16.00 price target on shares of Abercrombie & Fitch in a report on Thursday. Morgan Stanley boosted their price target on Abercrombie & Fitch from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, September 4th. ValuEngine downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. William Blair downgraded Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research downgraded Abercrombie & Fitch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.14.
ANF opened at $18.43 on Thursday. The stock has a market capitalization of $1.41 billion, a PE ratio of 28.35, a P/E/G ratio of 1.82 and a beta of 0.45. The company has a current ratio of 2.25, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. Abercrombie & Fitch has a 12 month low of $11.61 and a 12 month high of $29.69.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.10. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The firm had revenue of $842.41 million for the quarter, compared to the consensus estimate of $845.11 million. During the same quarter in the previous year, the business earned ($0.16) earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch will post 0.76 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the business. Employees Retirement System of Texas bought a new stake in Abercrombie & Fitch during the 2nd quarter valued at approximately $979,000. Castleark Management LLC boosted its position in Abercrombie & Fitch by 9.9% during the 2nd quarter. Castleark Management LLC now owns 471,870 shares of the apparel retailer’s stock valued at $11,551,000 after acquiring an additional 42,680 shares in the last quarter. TD Asset Management Inc. bought a new stake in Abercrombie & Fitch during the 2nd quarter valued at approximately $1,234,000. Laurion Capital Management LP bought a new stake in Abercrombie & Fitch during the 2nd quarter valued at approximately $643,000. Finally, American Century Companies Inc. bought a new stake in Abercrombie & Fitch during the 2nd quarter valued at approximately $3,830,000.
About Abercrombie & Fitch
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.
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