Abercrombie & Fitch (ANF) Rating Reiterated by JPMorgan Chase & Co.

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Abercrombie & Fitch (NYSE:ANF)‘s stock had its “underweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, The Fly reports. They presently have a $16.00 price objective on the apparel retailer’s stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 13.19% from the company’s current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, July 31st. ValuEngine lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. William Blair lowered Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. Finally, Morgan Stanley increased their price target on Abercrombie & Fitch from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Tuesday, September 4th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Abercrombie & Fitch has an average rating of “Hold” and an average target price of $21.14.

Shares of NYSE:ANF opened at $18.43 on Thursday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.82 and a beta of 0.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.25. Abercrombie & Fitch has a 52-week low of $11.61 and a 52-week high of $29.69.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.10. The business had revenue of $842.41 million for the quarter, compared to analyst estimates of $845.11 million. Abercrombie & Fitch had a return on equity of 7.02% and a net margin of 1.05%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) earnings per share. Equities research analysts anticipate that Abercrombie & Fitch will post 0.76 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its stake in shares of 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 purchasing an additional 2,150 shares during the last quarter. Vident Investment Advisory LLC raised its stake in shares of Abercrombie & Fitch by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 159,430 shares of the apparel retailer’s stock worth $3,903,000 after purchasing an additional 2,391 shares during the last quarter. Federated Investors Inc. PA raised its stake 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 purchasing an additional 2,482 shares during the last quarter. NumerixS Investment Technologies Inc raised its stake in shares of Abercrombie & Fitch by 25.0% in the second quarter. NumerixS Investment Technologies Inc now owns 17,125 shares of the apparel retailer’s stock worth $439,000 after purchasing an additional 3,425 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Abercrombie & Fitch by 17.8% in the second quarter. Wedge Capital Management L L P NC now owns 24,056 shares of the apparel retailer’s stock worth $589,000 after purchasing an additional 3,639 shares during the last quarter.

About Abercrombie & Fitch

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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