Abercrombie & Fitch (NYSE:ANF)‘s stock had its “underweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, The Fly reports. They presently have a $16.00 target price on the apparel retailer’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 13.19% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ANF. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Tuesday, July 31st. William Blair cut Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. ValuEngine cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Morgan Stanley upped their target price on Abercrombie & Fitch from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Tuesday, September 4th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Abercrombie & Fitch has an average rating of “Hold” and an average price target of $21.14.

Shares of ANF opened at $18.43 on Thursday. Abercrombie & Fitch has a 12-month low of $11.61 and a 12-month high of $29.69. The company has a quick ratio of 1.43, a current ratio of 2.25 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.82 and a beta of 0.45.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The business had revenue of $842.41 million during the quarter, compared to analysts’ expectations of $845.11 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that Abercrombie & Fitch will post 0.76 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of ANF. Renaissance Technologies LLC increased its stake in shares of Abercrombie & Fitch by 174.2% in the second quarter. Renaissance Technologies LLC now owns 2,924,700 shares of the apparel retailer’s stock valued at $71,597,000 after buying an additional 1,858,200 shares during the period. Copper Rock Capital Partners LLC acquired a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $19,833,000. Monarch Partners Asset Management LLC acquired a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $10,846,000. BlackRock Inc. increased its stake in shares of Abercrombie & Fitch by 4.3% in the first quarter. BlackRock Inc. now owns 9,246,433 shares of the apparel retailer’s stock valued at $223,856,000 after buying an additional 377,954 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Abercrombie & Fitch by 749.1% in the second quarter. Millennium Management LLC now owns 365,518 shares of the apparel retailer’s stock valued at $8,948,000 after buying an additional 322,469 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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