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.
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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