Abercrombie & Fitch (NYSE:ANF) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Abercrombie & Fitch (NYSE:ANF) from a buy rating to a hold rating in a report issued on Saturday morning.

ANF has been the subject of a number of other reports. The Goldman Sachs Group began coverage on Abercrombie & Fitch in a research note on Thursday, December 11th. They issued a “buy” rating and a $120.00 price target for the company. Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. UBS Group lifted their price target on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Morgan Stanley boosted their price target on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, Jefferies Financial Group raised their price objective on Abercrombie & Fitch from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.10.

Abercrombie & Fitch Trading Up 0.0%

NYSE ANF opened at $126.79 on Friday. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $164.80. The company has a market cap of $5.81 billion, a P/E ratio of 12.16 and a beta of 1.17. The company has a fifty day simple moving average of $88.89 and a 200 day simple moving average of $88.71.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. Equities research analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Institutional Trading of Abercrombie & Fitch

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Abercrombie & Fitch by 17.6% during the third quarter. Parallel Advisors LLC now owns 967 shares of the apparel retailer’s stock worth $83,000 after buying an additional 145 shares during the period. Franklin Resources Inc. boosted its position in Abercrombie & Fitch by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 47,779 shares of the apparel retailer’s stock worth $3,958,000 after acquiring an additional 167 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Abercrombie & Fitch by 1.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,569 shares of the apparel retailer’s stock worth $793,000 after acquiring an additional 173 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Abercrombie & Fitch by 0.6% during the 1st quarter. Voya Investment Management LLC now owns 31,095 shares of the apparel retailer’s stock worth $2,375,000 after acquiring an additional 180 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Abercrombie & Fitch by 2.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,897 shares of the apparel retailer’s stock valued at $590,000 after purchasing an additional 194 shares during the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.