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Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by analysts at TheStreet to a “hold” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports.

Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.78% on Wednesday, hitting $38.34. The stock had a trading volume of 493,250 shares. Abercrombie & Fitch Co. has a 52-week low of $31.14 and a 52-week high of $55.23. The stock’s 50-day moving average is $37.38 and its 200-day moving average is $35.98. The company has a market cap of $2.814 billion and a price-to-earnings ratio of 56.00.

Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.45. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post $2.34 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on ANF. Analysts at Janney Montgomery Scott upgraded shares of Abercrombie & Fitch Co. from an “underweight” rating to a “neutral” rating in a research note on Monday, May 5th. Separately, analysts at Jefferies Group upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. They now have a $50.00 price target on the stock, up previously from $37.00. They noted that the move was a valuation call. Finally, analysts at Ned Davis Research downgraded shares of Abercrombie & Fitch Co. from a “buy” rating to a “neutral” rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.92.

Abercrombie & Fitch Co (NYSE:ANF) through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.

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