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.
WARNING: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/11/16/abercrombie-fitch-anf-shares-gap-down-to-17-53.html.
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
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.