Abercrombie & Fitch (NYSE:ANF) Downgraded by StockNews.com to “Hold”

Abercrombie & Fitch (NYSE:ANF) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

ANF has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley boosted their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.50.

Abercrombie & Fitch Stock Up 0.9 %

NYSE ANF traded up $1.31 on Friday, hitting $154.56. The stock had a trading volume of 3,540,339 shares, compared to its average volume of 1,721,162. The company’s 50-day moving average is $146.19 and its two-hundred day moving average is $153.28. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 15.29 and a beta of 1.52. Abercrombie & Fitch has a one year low of $86.91 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. On average, sell-side analysts anticipate that Abercrombie & Fitch will post 10.61 earnings per share for the current year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the sale, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,401 shares of company stock worth $2,631,741. 2.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA grew its position in Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 272 shares in the last quarter. Quarry LP increased its stake in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after buying an additional 170 shares during the period. GAMMA Investing LLC lifted its position in Abercrombie & Fitch by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after buying an additional 222 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.