Abercrombie & Fitch (ANF) Lowered to “Hold” at ValuEngine

Abercrombie & Fitch (NYSE:ANF) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Several other research analysts have also weighed in on ANF. Deutsche Bank raised shares of Abercrombie & Fitch to a “sell” rating and set a $15.00 price objective for the company in a report on Monday, November 26th. Nomura set a $17.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a report on Monday, November 26th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target (up from $20.00) on shares of Abercrombie & Fitch in a report on Friday, November 30th. Royal Bank of Canada lifted their price target on shares of Abercrombie & Fitch from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, November 30th. Finally, Wedbush lifted their price target on shares of Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Abercrombie & Fitch currently has an average rating of “Hold” and an average target price of $23.36.

ANF stock traded down $0.52 during mid-day trading on Wednesday, hitting $25.49. 1,832,300 shares of the company were exchanged, compared to its average volume of 2,435,128. The firm has a market cap of $1.73 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.24 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.39 and a quick ratio of 1.61. Abercrombie & Fitch has a twelve month low of $15.28 and a twelve month high of $29.69.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.20. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Abercrombie & Fitch had a net margin of 2.12% and a return on equity of 6.93%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.38 EPS. On average, sell-side analysts expect that Abercrombie & Fitch will post 1.39 EPS for the current year.

In other Abercrombie & Fitch news, Director Nigel Travis purchased 2,917 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $25.70 per share, with a total value of $74,966.90. Following the acquisition, the director now owns 2,917 shares of the company’s stock, valued at approximately $74,966.90. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.95% of the company’s stock.

A number of large investors have recently modified their holdings of ANF. Contrarius Investment Management Ltd bought a new stake in Abercrombie & Fitch in the 4th quarter valued at about $57,945,000. Norges Bank bought a new stake in Abercrombie & Fitch in the 4th quarter valued at about $25,718,000. Morgan Stanley lifted its position in Abercrombie & Fitch by 309.1% in the 3rd quarter. Morgan Stanley now owns 1,609,414 shares of the apparel retailer’s stock valued at $33,991,000 after purchasing an additional 1,215,986 shares during the last quarter. Vanguard Group Inc lifted its position in Abercrombie & Fitch by 11.1% in the 3rd quarter. Vanguard Group Inc now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after purchasing an additional 1,119,930 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Abercrombie & Fitch by 11.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock valued at $237,225,000 after purchasing an additional 1,119,930 shares during the last quarter.

Abercrombie & Fitch Company Profile

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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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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