Abercrombie & Fitch (ANF) Trading 0% Higher

Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded up 0% during mid-day trading on Wednesday . The company traded as high as $22.03 and last traded at $22.00. 2,299,278 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 2,605,594 shares. The stock had previously closed at $22.00.

A number of analysts have recently issued reports on the stock. B. Riley reissued a “neutral” rating on shares of Abercrombie & Fitch in a research note on Wednesday, November 1st. Royal Bank of Canada set a $24.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, January 24th. BMO Capital Markets set a $22.00 price objective on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Jefferies Group reissued a “hold” rating on shares of Abercrombie & Fitch in a research note on Wednesday, January 24th. Finally, Robert W. Baird reissued a “hold” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Abercrombie & Fitch currently has an average rating of “Hold” and an average price target of $14.94.

The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1,500.00, a PE ratio of -75.86, a price-to-earnings-growth ratio of 2.76 and a beta of 1.10.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The business had revenue of $859.10 million during the quarter, compared to analyst estimates of $818.41 million. During the same quarter last year, the business earned $0.02 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts anticipate that Abercrombie & Fitch Co. will post 0.4 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth about $114,000. Glassman Wealth Services bought a new stake in shares of Abercrombie & Fitch in the 4th quarter worth about $122,000. Lorber David A bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth about $126,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth about $133,000. Finally, Suntrust Banks Inc. lifted its holdings in shares of Abercrombie & Fitch by 3.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after acquiring an additional 492 shares during the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.

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About Abercrombie & Fitch

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.

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