Abercrombie & Fitch (ANF) Shares Gap Down to $17.53

Shares of Abercrombie & Fitch Co. (NYSE:ANF) gapped down prior to trading on Friday . The stock had previously closed at $17.93, but opened at $17.53. Abercrombie & Fitch shares last traded at $16.75, with a volume of 2632166 shares.

ANF has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, July 31st. ValuEngine cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. William Blair cut shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 30th. Wedbush reduced their price objective on shares of Abercrombie & Fitch from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $16.00 price objective on shares of Abercrombie & Fitch in a research note on Thursday, October 11th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.14.

The company has a market cap of $1.23 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.59 and a beta of 0.46. 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 (NYSE:ANF) last released its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.10. The firm had revenue of $842.41 million during the quarter, compared to analysts’ expectations of $845.11 million. Abercrombie & Fitch had a net margin of 1.05% and a return on equity of 7.02%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.16) EPS. As a group, equities research analysts expect that Abercrombie & Fitch Co. will post 0.75 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in ANF. Voya Investment Management LLC raised its stake in shares of Abercrombie & Fitch by 46.6% in the 2nd quarter. Voya Investment Management LLC now owns 43,877 shares of the apparel retailer’s stock valued at $1,074,000 after buying an additional 13,950 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $979,000. Castleark Management LLC raised its stake in shares of Abercrombie & Fitch by 9.9% in the 2nd quarter. Castleark Management LLC now owns 471,870 shares of the apparel retailer’s stock valued at $11,551,000 after buying an additional 42,680 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $643,000. Finally, TD Asset Management Inc. acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $1,234,000.

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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, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

Further Reading: Book Value Per Share – BVPS

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