Abercrombie & Fitch Co. (NYSE:ANF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 12,130,000 shares, an increase of 10.0% from the June 30th total of 11,030,000 shares. Based on an average daily trading volume, of 2,630,000 shares, the short-interest ratio is presently 4.6 days. Approximately 19.9% of the company’s shares are sold short.

NYSE ANF traded down $0.23 during trading on Friday, hitting $9.63. The stock had a trading volume of 2,859,397 shares, compared to its average volume of 2,317,600. The company has a market capitalization of $593.19 million, a PE ratio of -3.22 and a beta of 1.36. Abercrombie & Fitch has a 12 month low of $7.41 and a 12 month high of $19.18. The company’s 50-day moving average price is $10.42 and its two-hundred day moving average price is $12.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.88 and a current ratio of 1.32.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, May 28th. The apparel retailer reported ($3.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.39) by ($1.90). The firm had revenue of $485.36 million during the quarter, compared to the consensus estimate of $535.33 million. Abercrombie & Fitch had a negative net margin of 5.50% and a negative return on equity of 14.29%. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. As a group, equities analysts anticipate that Abercrombie & Fitch will post -2.82 earnings per share for the current fiscal year.

A number of analysts recently issued reports on ANF shares. ValuEngine upgraded shares of Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Wedbush reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, May 19th. Morgan Stanley cut their price target on shares of Abercrombie & Fitch from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. Royal Bank of Canada upped their price objective on shares of Abercrombie & Fitch from $11.00 to $13.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Finally, B. Riley reiterated a “buy” rating and issued a $14.00 target price on shares of Abercrombie & Fitch in a report on Friday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $16.67.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Prentice Capital Management LP increased its stake in shares of Abercrombie & Fitch by 53.9% in the first quarter. Prentice Capital Management LP now owns 3,670,754 shares of the apparel retailer’s stock valued at $33,367,000 after buying an additional 1,286,137 shares during the period. State Street Corp lifted its holdings in shares of Abercrombie & Fitch by 58.9% in the first quarter. State Street Corp now owns 3,512,554 shares of the apparel retailer’s stock valued at $31,929,000 after purchasing an additional 1,301,764 shares in the last quarter. Paradice Investment Management LLC lifted its holdings in shares of Abercrombie & Fitch by 2.9% in the first quarter. Paradice Investment Management LLC now owns 3,033,897 shares of the apparel retailer’s stock valued at $27,578,000 after purchasing an additional 84,522 shares in the last quarter. Norges Bank purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $17,569,000. Finally, Geode Capital Management LLC increased its position in shares of Abercrombie & Fitch by 7.5% during the first quarter. Geode Capital Management LLC now owns 879,139 shares of the apparel retailer’s stock valued at $7,991,000 after acquiring an additional 61,480 shares during the last quarter. 99.90% of the stock is owned by institutional investors and hedge funds.

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, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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