Abercrombie & Fitch (NYSE:ANF) Price Target Lowered to $17.00 at Morgan Stanley

Abercrombie & Fitch (NYSE:ANFGet Rating) had its price target decreased by Morgan Stanley from $32.00 to $17.00 in a research report issued on Wednesday, The Fly reports. Morgan Stanley’s target price would suggest a potential downside of 10.95% from the stock’s previous close.

ANF has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on Abercrombie & Fitch from $35.00 to $39.00 in a report on Monday, May 16th. Telsey Advisory Group decreased their price target on Abercrombie & Fitch from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com initiated coverage on Abercrombie & Fitch in a report on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley dropped their target price on shares of Abercrombie & Fitch from $54.00 to $48.00 in a report on Thursday, March 3rd. Finally, Citigroup downgraded Abercrombie & Fitch from a “buy” rating to a “neutral” rating and lowered their target price for the company from $59.00 to $30.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Buy” and a consensus price target of $40.73.

ANF opened at $19.09 on Wednesday. Abercrombie & Fitch has a twelve month low of $18.31 and a twelve month high of $48.97. The company has a fifty day simple moving average of $32.83 and a 200 day simple moving average of $35.30. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 0.36. The firm has a market cap of $962.42 million, a price-to-earnings ratio of 4.52 and a beta of 1.40.

Abercrombie & Fitch (NYSE:ANFGet Rating) last issued its quarterly earnings results on Tuesday, May 24th. The apparel retailer reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.36). The firm had revenue of $812.80 million for the quarter, compared to analyst estimates of $799.33 million. Abercrombie & Fitch had a net margin of 7.08% and a return on equity of 29.73%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. On average, analysts forecast that Abercrombie & Fitch will post 3.37 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Counterpoint Mutual Funds LLC purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at about $25,000. DB Wealth Management Group LLC bought a new position in Abercrombie & Fitch in the 1st quarter worth $33,000. Nisa Investment Advisors LLC purchased a new stake in shares of Abercrombie & Fitch during the first quarter worth about $91,000. Geneos Wealth Management Inc. purchased a new position in Abercrombie & Fitch during the first quarter valued at $95,000. Finally, Gladius Capital Management LP bought a new stake in shares of Abercrombie & Fitch in the fourth quarter worth about $106,000. 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.

Recommended Stories

The Fly logo

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.