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

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

Analysts Set New Price Targets

ANF has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Barclays set a $84.00 price objective on shares of Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th. UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a report on Wednesday, May 28th. Raymond James Financial dropped their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Finally, Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of "Moderate Buy" and an average target price of $110.63.

Abercrombie & Fitch Stock Performance

The firm's fifty day simple moving average is $79.32 and its 200-day simple moving average is $94.51. The stock has a market cap of $4.27 billion, a P/E ratio of 8.81 and a beta of 1.46.

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

Institutional Trading of Abercrombie & Fitch

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter worth approximately $27,000. UMB Bank n.a. grew its position in 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 period. Versant Capital Management Inc grew its position in 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 period. IFP Advisors Inc grew its position in 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 period. Finally, Bayforest Capital Ltd grew its position in 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 period.

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.