Abercrombie & Fitch (ANF) Sets New 52-Week High at $29.69

Shares of Abercrombie & Fitch Co. (NYSE:ANF) hit a new 52-week high during trading on Tuesday . The stock traded as high as $29.69 and last traded at $29.17, with a volume of 257007 shares. The stock had previously closed at $26.97.

Several analysts have recently commented on the company. TheStreet raised Abercrombie & Fitch from a “c” rating to a “b-” rating in a research note on Thursday, May 17th. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research report on Monday. ValuEngine raised Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. JPMorgan Chase & Co. decreased their price target on Abercrombie & Fitch from $23.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, June 4th. Finally, Wedbush started coverage on Abercrombie & Fitch in a research report on Thursday, May 10th. They set a “neutral” rating and a $25.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Abercrombie & Fitch presently has an average rating of “Hold” and a consensus target price of $21.32.

The company has a quick ratio of 1.67, a current ratio of 2.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.84 billion, a P/E ratio of 41.98, a P/E/G ratio of 2.66 and a beta of 0.72.



Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Friday, June 1st. The apparel retailer reported ($0.56) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.77) by $0.21. Abercrombie & Fitch had a return on equity of 5.72% and a net margin of 0.74%. The business had revenue of $730.90 million during the quarter, compared to the consensus estimate of $695.68 million. During the same period last year, the business posted ($0.91) earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. analysts predict that Abercrombie & Fitch Co. will post 0.82 EPS for the current fiscal year.

In other Abercrombie & Fitch news, insider Stacia J.P. Andersen sold 28,000 shares of the firm’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $27.55, for a total value of $771,400.00. Following the completion of the sale, the insider now directly owns 18,251 shares of the company’s stock, valued at $502,815.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kerrii B. Anderson bought 2,000 shares of the firm’s stock in a transaction on Tuesday, June 5th. The stock was purchased at an average cost of $24.03 per share, with a total value of $48,060.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at $60,075. The disclosure for this purchase can be found here. Company insiders own 0.95% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan increased its position in Abercrombie & Fitch by 7.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 29,320 shares of the apparel retailer’s stock worth $717,000 after buying an additional 2,150 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Abercrombie & Fitch by 1.9% in the first quarter. Swiss National Bank now owns 118,100 shares of the apparel retailer’s stock worth $2,859,000 after acquiring an additional 2,200 shares during the period. LPL Financial LLC boosted its holdings in shares of Abercrombie & Fitch by 14.9% in the fourth quarter. LPL Financial LLC now owns 18,193 shares of the apparel retailer’s stock worth $317,000 after acquiring an additional 2,360 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of Abercrombie & Fitch by 1.0% in the second quarter. Federated Investors Inc. PA now owns 255,770 shares of the apparel retailer’s stock worth $6,262,000 after acquiring an additional 2,482 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Abercrombie & Fitch by 1.2% in the first quarter. Prudential Financial Inc. now owns 207,519 shares of the apparel retailer’s stock worth $5,024,000 after acquiring an additional 2,520 shares during the period.

About Abercrombie & Fitch (NYSE:ANF)

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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