Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by stock analysts at Standpoint Research from a “buy” rating to a “reduce” rating in a research report issued on Wednesday, May 10th.
Other analysts have also recently issued reports about the company. Vetr raised Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating and set a $12.36 price target for the company in a report on Monday, January 23rd. William Blair reissued an “outperform” rating on shares of Abercrombie & Fitch Co. in a report on Wednesday, February 1st. Cowen and Company reduced their price target on Abercrombie & Fitch Co. from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Friday, March 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $13.00 price objective on shares of Abercrombie & Fitch Co. in a report on Wednesday, May 3rd. Finally, Wolfe Research cut Abercrombie & Fitch Co. from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 31st. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.68.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings data on Thursday, March 2nd. The apparel retailer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by $0.04. Abercrombie & Fitch Co. had a return on equity of 1.50% and a net margin of 0.38%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $1.08 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd acquired a new position in Abercrombie & Fitch Co. during the first quarter valued at approximately $149,000. Point72 Asset Management L.P. acquired a new position in Abercrombie & Fitch Co. during the first quarter valued at approximately $5,055,000. First Financial Equity Corporation acquired a new position in Abercrombie & Fitch Co. during the first quarter valued at approximately $223,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Abercrombie & Fitch Co. by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 47,404 shares of the apparel retailer’s stock valued at $566,000 after buying an additional 1,589 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in shares of Abercrombie & Fitch Co. by 145.5% in the first quarter. Gotham Asset Management LLC now owns 519,181 shares of the apparel retailer’s stock valued at $6,194,000 after buying an additional 307,728 shares in the last quarter.
Abercrombie & Fitch Co. Company Profile
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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