Argus upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have $25.00 price target on the apparel retailer’s stock, up from their previous price target of $18.95. The analysts noted that the move was a valuation call.

A number of other analysts have also weighed in on the stock. Jefferies Group upped their target price on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the stock a hold rating in a report on Monday, December 18th. TheStreet raised shares of Abercrombie & Fitch from a d+ rating to a c- rating in a report on Friday, November 24th. Zacks Investment Research lowered shares of Abercrombie & Fitch from a buy rating to a hold rating in a report on Wednesday, November 22nd. Royal Bank of Canada upped their target price on shares of Abercrombie & Fitch from $14.00 to $16.00 and gave the stock a sector perform rating in a report on Tuesday, November 21st. Finally, Bank of America set a $9.00 target price on shares of Abercrombie & Fitch and gave the stock a sell rating in a report on Monday, November 20th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $13.67.

Abercrombie & Fitch (ANF) traded up $0.97 during midday trading on Friday, hitting $19.92. 2,790,000 shares of the stock traded hands, compared to its average volume of 2,220,000. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $20.08. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1,360.00, a price-to-earnings ratio of -68.69, a P/E/G ratio of 15.92 and a beta of 0.96.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. The business had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. Abercrombie & Fitch’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 EPS. equities research analysts expect that Abercrombie & Fitch will post 0.09 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Suntrust Banks Inc. increased 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 buying an additional 492 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Abercrombie & Fitch by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock worth $2,850,000 after buying an additional 591 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Abercrombie & Fitch by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,235 shares of the apparel retailer’s stock worth $675,000 after buying an additional 596 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Abercrombie & Fitch by 10.1% in the 2nd quarter. Verition Fund Management LLC now owns 16,494 shares of the apparel retailer’s stock worth $205,000 after buying an additional 1,519 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Abercrombie & Fitch by 9.3% in the 2nd quarter. Voya Investment Management LLC now owns 30,822 shares of the apparel retailer’s stock worth $383,000 after buying an additional 2,631 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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