Abercrombie & Fitch (NYSE:ANF) Trading Down 4.1% - What's Next?

Shares of Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) fell 4.1% during trading on Tuesday . The stock traded as low as $85.71 and last traded at $85.11. 315,470 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 2,194,518 shares. The stock had previously closed at $88.78.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ANF. Raymond James Financial lowered their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price target on shares of Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating on the stock in a research report on Monday, June 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Finally, Morgan Stanley increased their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $110.63.

Abercrombie & Fitch Price Performance

The stock's 50-day moving average is $78.93 and its 200-day moving average is $94.95. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 8.50 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $2.14 earnings per share. Abercrombie & Fitch's revenue was up 7.5% compared to the same quarter last year. Analysts predict that Abercrombie & Fitch Company will post 10.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Abercrombie & Fitch in the 4th quarter valued at $27,000. UMB Bank n.a. boosted its holdings in shares of Abercrombie & Fitch by 161.4% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock valued at $45,000 after purchasing an additional 360 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock valued at $56,000 after purchasing an additional 260 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Abercrombie & Fitch by 166.7% in the 1st quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 530 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in shares of Abercrombie & Fitch by 102.9% in the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 430 shares during the last quarter.

Abercrombie & Fitch Company Profile

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.