Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $65.57 and last traded at $68.03, with a volume of 323970 shares traded. The stock had previously closed at $73.33.
Analyst Ratings Changes
ANF has been the subject of several research reports. Citigroup decreased their price objective on shares of Abercrombie & Fitch from $135.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday. UBS Group lowered their price target on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Raymond James set a $110.00 price target on Abercrombie & Fitch in a research report on Thursday, March 6th. Jefferies Financial Group decreased their price objective on Abercrombie & Fitch from $220.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, Morgan Stanley dropped their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.14.
Check Out Our Latest Analysis on Abercrombie & Fitch
Abercrombie & Fitch Trading Up 0.8 %
The company has a market cap of $3.60 billion, a price-to-earnings ratio of 7.28 and a beta of 1.41. The business has a fifty day moving average of $89.15 and a two-hundred day moving average of $124.22.
Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.57 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.97 EPS. On average, research analysts forecast that Abercrombie & Fitch Co. will post 10.62 EPS for the current fiscal year.
Abercrombie & Fitch announced that its board has initiated a stock buyback program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANF. SBI Securities Co. Ltd. acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at about $27,000. UMB Bank n.a. grew its stake in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. Fifth Third Bancorp raised its holdings in Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer's stock valued at $55,000 after acquiring an additional 132 shares during the last quarter. Versant Capital Management Inc lifted its stake in Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after purchasing an additional 260 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer's stock worth $62,000 after purchasing an additional 98 shares during the last quarter.
About Abercrombie & Fitch
(
Get Free Report)
Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.
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