Standpoint Research Lowers Abercrombie & Fitch Company (ANF) to Hold

Posted November 18, 2017

Breaking that down further, it has performed 3.04% for the week, -5.21% for the month, 29.92% over the last quarter, 0.72% for the past half-year and -22.96% for this a year ago. The stock presently has a consensus rating of "Hold" and an average price target of $12.35. Suntrust Banks holds 0% of its portfolio in Abercrombie & Fitch Co.

Abercrombie & Fitch Co. provided guidance for its fourth quarter of 2017 in its most recent earnings report. Institutional investors own 63.50% stake in the company while Beta factor, which is used to measure riskiness of the security, was 1.37. As of quarter end Geode Capital Management, LLC had bought a total of 9,135 shares growing its position 1.7%. It dropped, as 38 investors sold Abercrombie & Fitch Co. shares while 56 reduced holdings. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer's stock valued at $8,796,000 after acquiring an additional 111,171 shares during the last quarter. Abercrombie & Fitch Co. had 98 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has lost almost a quarter of its value in the past 12 months. Whereas long-term trend followers generally uses SMA200 and most investors will look for a cross above or below this average to represent if the stock is in a bullish or bearish trend. The stock has actually grown in the past week, as the company has gathered a 3.04% return in the past 5 trading days.

The company's quick ratio for most recent quarter is 1.2 along with current ratio for most recent quarter of 2.2. The stock appeared -26.13% downward to its 52-week high and 42.45% above its 52-week low.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Friday, November 17th. Heading into the fourth quarter, the retailer said it is in a better inventory position than previous year when it was too lean, resulting in missed opportunities. Also, a -22.96% overturn in Abercrombie & Fitch Co. A total of 4.22 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 2.91 Million shares, while its relative volume stands at 1.45. During the same period in the prior year, the company earned $0.02 earnings per share.

The stock of Aspen Group Inc (NASDAQ:ASPU) hit a new 52-week high and has $9.49 target or 6.00% above today's $8.95 share price. The ex-dividend date of this dividend is Thursday, November 30th. The Company operates through two segments: Abercrombie, which includes the Business's Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Business's Hollister and Gilly Hicks brands.

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A few notable investment firms have updated their holdings.

September 5 investment analysts at William Blair maintained a "Outperform" rating on the company. Finally, BMO Capital Markets set a $14.00 price objective on Abercrombie & Fitch and gave the company a "hold" rating in a report on Tuesday, August 8th. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock now has an average rating of "Hold" and a consensus target price of $12.24.

The company sells products through its stores and direct-to-consumer operations, as well as through various wholesale, franchise, and licensing arrangements. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven trousers, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.