Abercrombie & Fitch Company (NYSE:ANF) Downgraded to “Sell” at Vetr Inc.

Abercrombie & Fitch Company (NYSE:ANF) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, June 12th. They presently have a $12.10 target price on the apparel retailer’s stock. Vetr‘s price target points to a potential upside of 36.11% from the stock’s previous close.

Several other brokerages have also recently commented on ANF. Wunderlich cut shares of Abercrombie & Fitch Company from a “hold” rating to a “sell” rating and set a $12.00 price target on the stock. in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Abercrombie & Fitch Company from a “strong sell” rating to a “hold” rating in a report on Friday, May 12th. Telsey Advisory Group boosted their target price on shares of Abercrombie & Fitch Company from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, May 26th. FBR & Co restated a “hold” rating and issued a $13.00 target price on shares of Abercrombie & Fitch Company in a report on Friday, May 26th. Finally, Royal Bank Of Canada set a $12.00 target price on shares of Abercrombie & Fitch Company and gave the stock a “sell” rating in a report on Saturday, May 13th. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.89.

Abercrombie & Fitch Company (ANF) traded down 1.55% during trading on Monday, reaching $8.89. The company’s stock had a trading volume of 5,987,491 shares. Abercrombie & Fitch Company has a 12 month low of $8.88 and a 12 month high of $23.29. The company’s market cap is $604.66 million. The stock’s 50 day moving average is $12.79 and its 200 day moving average is $12.19.

Abercrombie & Fitch Company (NYSE:ANF) last announced its quarterly earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.70) by $0.21. The company had revenue of $661.10 million during the quarter, compared to analysts’ expectations of $651.25 million. Abercrombie & Fitch Company had a negative return on equity of 1.26% and a negative net margin of 0.55%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.53) EPS. On average, equities analysts expect that Abercrombie & Fitch Company will post ($0.31) EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in ANF. BlackRock Inc. raised its stake in Abercrombie & Fitch Company by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock worth $99,898,000 after buying an additional 8,354,665 shares during the last quarter. Baird Financial Group Inc. raised its stake in Abercrombie & Fitch Company by 1,226.0% in the fourth quarter. Baird Financial Group Inc. now owns 1,620,821 shares of the apparel retailer’s stock worth $19,450,000 after buying an additional 1,498,590 shares during the last quarter. Norges Bank acquired a new stake in Abercrombie & Fitch Company during the fourth quarter worth $12,227,000. Tyvor Capital LLC acquired a new stake in Abercrombie & Fitch Company during the fourth quarter worth $10,783,000. Finally, BNP Paribas Arbitrage SA raised its stake in Abercrombie & Fitch Company by 151.7% in the first quarter. BNP Paribas Arbitrage SA now owns 711,834 shares of the apparel retailer’s stock worth $8,492,000 after buying an additional 428,968 shares during the last quarter.

Abercrombie & Fitch Company 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Abercrombie & Fitch Company (NYSE:ANF)

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