Abercrombie & Fitch Co. (NYSE:ANF) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $30.00 price target on the stock, down from their previous price target of $45.00. Jefferies Group’s price objective points to a potential downside of 8.51% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Abercrombie & Fitch Co. from a “buy” rating to a “sell” rating in a research note to investors on Monday, December 16th. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Abercrombie & Fitch Co. in a research note to investors on Thursday, November 28th. They now have a $31.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Abercrombie & Fitch Co. in a research note to investors on Friday, November 22nd. They now have a $37.00 price target on the stock, up previously from $35.00. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company. Abercrombie & Fitch Co. presently has an average rating of “Hold” and an average price target of $40.62.
Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.16% on Thursday, hitting $32.7388. The stock had a trading volume of 159,456 shares. Abercrombie & Fitch Co. has a 1-year low of $31.14 and a 1-year high of $55.23. The stock has a 50-day moving average of $33.69 and a 200-day moving average of $39.67. The company has a market cap of $2.501 billion and a P/E ratio of 17.61.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, November 21st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.07. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post $1.47 earnings per share for the current fiscal year.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.