Published: Fri, July 14, 2017
Money | By Armando Alvarado

Abercrombie & Fitch Company (NYSE:ANF) Upgraded to Strong-Buy at Vetr Inc

Abercrombie & Fitch Company (NYSE:ANF) Upgraded to Strong-Buy at Vetr Inc

Looking out over the past year, company shares have been recorded -61.21% off the 52 week high and 2.55% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of Abercrombie & Fitch Co. Wunderlich upgraded Abercrombie & Fitch Company from a sell rating to a hold rating and increased their price objective for the stock from $10.50 to $12.00 in a report on Thursday, June 22nd.

Taking notice on volatility measures, price volatility of stock was 0.98% for a week and 0.91% for a month.

Abercrombie, which has a market value of $650 million, had said in May it was in talks with several bidders regarding a potential sale, a day after Reuters reported that the retailer was working with an investment bank to field takeover interest from other retailers.

Financial specialists experienced this company's inability of offering their self up 'til now as a further hit towards the trade segment officially attempting adapting to shifting purchaser feelings in addition to developing weight out of Amazon as well as further web-based vendors. (ANF) is -0.91 while the analysts predicted the EPS of the stock to be -0.7 suggesting the company fell short of the analysts' expectations. The value of the company's investment in Abercrombie & Fitch Company decreased from $1,000 to $0 a change of 100.0% for the reporting period. Investors who are keeping close eye on the stock of Abercrombie & Fitch Co. Jefferies Group LLC reiterated a hold rating and set a $13.00 price objective on shares of Abercrombie & Fitch Company in a report on Wednesday, May 3rd. Finally, Robert W. Baird restated a "neutral" rating and issued a $15.00 target price on shares of Abercrombie & Fitch Company in a research note on Sunday, May 28th. Abercrombie & Fitch Company has a 52-week low of $8.86 and a 52-week high of $23.29. The company has market cap of $587.00 million. The 50 day moving average moved down $-3.76 and the 200 day average went down $-3.16 or -25.90%.

Abercrombie & Fitch Company (ANF) opened at 9.03 on Monday.

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Abercrombie & Fitch Company (NYSE:ANF) last released its earnings results on Thursday, May 25th. The firm stood at analyst recommendation of 2.20 out of 1-5 scale. The Firm operates through two divisions: Abercrombie, which includes the Company's Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company's Hollister and Gilly Hicks brands. The company had revenue of $661.10 million for the quarter, compared to analyst estimates of $651.25 million. During the same quarter in the previous year, the company earned ($0.53) EPS. Abercrombie & Fitch Company's revenue for the quarter was down 3.6% on a year-over-year basis.

According to the analysts, Abercrombie & Fitch Company (NYSE:ANF) is expected to announce $-0.33/share EPS for the current quarter. The ex-dividend date was Wednesday the 31st of May 2017. Neuberger Berman Group Ltd Llc holds 0.35% of its portfolio in Conagra Brands Inc (NYSE:CAG) for 6.53 million shares. Abercrombie & Fitch Company's payout ratio is -296.29%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Oaktop Capital Management Ii Lp holds 2.09 million shares with $242.08 million value, up from 2.08M last quarter. Over the last three months, the shares of the company have changed -15.46% and performed -22.03% over the last six months. For the quarter, shares have been noted at -20.84%. Searle & CO. acquired a new stake in Abercrombie & Fitch Company during the fourth quarter valued at approximately $152,000. Louisiana State Employees Retirement System now owns 27,600 shares of the apparel retailer's stock worth $329,000 after buying an additional 400 shares during the last quarter. Norges Bank acquired a new stake in Abercrombie & Fitch Company during the fourth quarter valued at approximately $12,227,000. BNP Paribas Arbitrage SA now owns 711,834 shares of the apparel retailer's stock worth $8,492,000 after buying an additional 428,968 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in Abercrombie & Fitch Company by 0.3% in the fourth quarter.

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