Abercrombie & Fitch (NYSE:ANF) Downgraded by Citigroup

Abercrombie & Fitch (NYSE:ANFGet Rating) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on Abercrombie & Fitch from $35.00 to $39.00 in a research note on Monday, May 16th. Telsey Advisory Group reduced their price objective on Abercrombie & Fitch from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, March 3rd. StockNews.com assumed coverage on shares of Abercrombie & Fitch in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, B. Riley cut their price objective on shares of Abercrombie & Fitch from $54.00 to $48.00 in a report on Thursday, March 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $44.20.

ANF opened at $27.97 on Monday. The firm has a market cap of $1.41 billion, a P/E ratio of 6.63 and a beta of 1.40. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $33.14 and a 200-day simple moving average of $35.55. Abercrombie & Fitch has a 52 week low of $26.47 and a 52 week high of $48.97.

Abercrombie & Fitch (NYSE:ANFGet Rating) last issued its earnings results on Wednesday, March 2nd. The apparel retailer reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.13). Abercrombie & Fitch had a return on equity of 29.73% and a net margin of 7.08%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $1.50 EPS. Abercrombie & Fitch’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Abercrombie & Fitch will post 3.37 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of ANF. Walleye Capital LLC increased its stake in Abercrombie & Fitch by 182.8% during the 1st quarter. Walleye Capital LLC now owns 109,957 shares of the apparel retailer’s stock worth $3,518,000 after buying an additional 71,078 shares during the period. Royal Bank of Canada grew its stake in Abercrombie & Fitch by 629.5% in the first quarter. Royal Bank of Canada now owns 19,543 shares of the apparel retailer’s stock worth $626,000 after purchasing an additional 16,864 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in Abercrombie & Fitch by 2.3% in the first quarter. First Republic Investment Management Inc. now owns 21,072 shares of the apparel retailer’s stock valued at $674,000 after buying an additional 483 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Abercrombie & Fitch during the first quarter valued at approximately $95,000. Finally, Maverick Capital Ltd. bought a new position in Abercrombie & Fitch during the 1st quarter worth approximately $2,985,000. Institutional investors own 99.58% of the company’s stock.

About Abercrombie & Fitch (Get Rating)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

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