Abercrombie & Fitch Company (NYSE:ANF) Sees Price Swing - Up by 23.90%

Lucy Hill
November 18, 2017

The firm earned "Hold" rating on Tuesday, June 6 by Jefferies. Rowland & Company Investment Counsel sold 400 shares as Abercrombie & Fitch Class A (ANF)'s stock rose 2.13%.

Abercrombie & Fitch Company (NYSE:ANF) had a decrease of 1.05% in short interest. If you are accessing this news story on another publication, it was illegally copied and republished in violation of global copyright & trademark law. Making sure company earnings are in line may also be a wise choice when investing in a recently researched stock. A rating of 4 or 5 would represent a Sell recommendation. The stock presently has a consensus rating of "Hold" and an average price target of $12.35.

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Going forward, Abercrombie foresees fourth-quarter revenue up mid- to high-single digits and sales at stores open at least a year up low-single digits. Abercrombie & Fitch now has an average rating of "Hold" and an average price target of $12.24. Of those analysts, 2 rate stock as a Strong Buy, 5 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. However, at the Wall Street, the shares for the company has been tagged a $11.31 price target, indicating that the shares will drop -9.88% from its current levels.

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The stock increased or $0 during the last trading session, hitting $.

The most current P/E ratio is N/A and market capitalization is 1.06B. Abercrombie & Fitch Company has a 52 week low of $10.91 and a 52 week high of $32.83. Investors will most likely be concentrating on what has proven to work in the past, which may offer a better idea as to how successful the strategies will be heading into the second half of the year and beyond. California Public Employees Retirement System increased its stake in Abercrombie & Fitch by 22.3% in the third quarter. The total number of shares traded in the last 12 months is 50,097.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 8.38 million shares, VANGUARD GROUP INC with 6.46 million shares, FMR LLC with 5.95 million shares, DIMENSIONAL FUND ADVISORS LP with 5.03 million shares, and PARADICE INVESTMENT MANAGEMENT LLC with 2.54 million shares. On Wednesday, August 31 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The legal version of this piece can be viewed at https://www.truebluetribune.com/2017/11/17/standpoint-research-lowers-abercrombie-fitch-company-anf-to-hold.html. 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. 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.

The company sells products through its stores and direct-to-consumer operations, as well as through various wholesale, franchise, and licensing arrangements. The Company offers an array of apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven trousers, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

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