Abercrombie & Fitch Co. Downgraded by TheStreet to “Hold” (ANF)
Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by investment analysts at TheStreet to a “hold” rating in a note issued to investors on Wednesday, StockRatingsNetwork.com reports.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.87% during mid-day trading on Wednesday, hitting $33.48. The stock had a trading volume of 1,244,032 shares. Abercrombie & Fitch Co. has a 52-week low of $30.06 and a 52-week high of $55.23. The stock has a 50-day moving average of $37.19 and a 200-day moving average of $46.19. The company has a market cap of $2.558 billion and a price-to-earnings ratio of 11.00.
Abercrombie & Fitch Co. (NYSE:ANF) last announced its earnings results on Thursday, August 22nd. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.12. The company had revenue of $945.70 million for the quarter, compared to the consensus estimate of $996.64 million. During the same quarter last year, the company posted $0.19 earnings per share. Abercrombie & Fitch Co.’s revenue was down .6% compared to the same quarter last year. Analysts expect that Abercrombie & Fitch Co. will post $2.08 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ANF. Analysts at FBR Capital Markets initiated coverage on shares of Abercrombie & Fitch Co. in a research note to investors on Wednesday, October 2nd. They set an “outperform” rating and a $43.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Abercrombie & Fitch Co. in a research note to investors on Monday, September 9th. They set a “buy” rating and a $43.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Abercrombie & Fitch Co. from $48.00 to $41.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the company’s stock. Abercrombie & Fitch Co. currently has a consensus rating of “Hold” and an average target price of $49.07.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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