The stock of Abercrombie & Fitch Co. (NYSE:ANF) is a huge mover today! About 4.22M shares traded hands or 31.06% up from the average. Abercrombie & Fitch Co. (NYSE:ANF) has declined 49.50% since April 20, 2016 and is downtrending. It has underperformed by 54.06% the S&P500.
The move comes after 9 months positive chart setup for the $1.06B company. It was reported on Nov, 22 by Barchart.com. We have $16.14 PT which if reached, will make NYSE:ANF worth $42.40 million more.
Abercrombie & Fitch Co. (NYSE:ANF) Ratings Coverage
Out of 25 analysts covering Abercrombie & Fitch Co. (NYSE:ANF), 6 rate it a “Buy”, 5 “Sell”, while 14 “Hold”. This means 24% are positive. Abercrombie & Fitch Co. has been the topic of 60 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Wolfe Research on Monday, November 14 to “Peer Perform”. Telsey Advisory Group maintained the shares of ANF in a report on Friday, May 27 with “Market Perform” rating. The firm earned “Underperform” rating on Friday, May 27 by Credit Suisse. The firm has “Neutral” rating given on Friday, May 27 by Citigroup. The rating was maintained by Mizuho on Tuesday, August 30 with “Neutral”. The rating was downgraded by Stifel Nicolaus on Wednesday, August 31 to “Hold”. Mizuho maintained it with “Neutral” rating and $23 target price in Friday, May 27 report. The rating was downgraded by FBR Capital to “Underperform” on Tuesday, November 15. Vetr downgraded Abercrombie & Fitch Co. (NYSE:ANF) on Friday, August 7 to “Buy” rating. The rating was maintained by Telsey Advisory Group with “Market Perform” on Monday, November 21.
According to Zacks Investment Research, “Abercrombie & Fitch Co. is principally engaged in the purchase, distribution and sale of men’s, women’s and kids’ casual apparel. The company’s retail activities are conducted under the Abercrombie & Fitch and abercrombie trade names through retail stores, a catalogue, a magazine/catalogue and a website, all bearing some form of the company name. Merchandise is targeted to appeal to customers in specialty markets who have distinctive consumer characteristics.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.24, from 1.21 in 2016Q1. The ratio dropped, as 40 funds sold all Abercrombie & Fitch Co. shares owned while 70 reduced positions. 33 funds bought stakes while 100 increased positions. They now own 68.45 million shares or 13.75% less from 79.36 million shares in 2016Q1.
Signaturefd Ltd Llc holds 0% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF) for 52 shares. The Maryland-based Columbia L L C Mngmt has invested 0.02% in Abercrombie & Fitch Co. (NYSE:ANF). Moreover, Balyasny Asset Ltd Limited Liability Company has 0% invested in Abercrombie & Fitch Co. (NYSE:ANF) for 12,500 shares. Quantitative Investment Ltd Limited Liability Company accumulated 0.05% or 63,500 shares. Hodges Management last reported 55,000 shares in the company. Moreover, Comerica Fincl Bank has 0.01% invested in Abercrombie & Fitch Co. (NYSE:ANF) for 47,601 shares. Bancorporation Of America De accumulated 314,868 shares or 0% of the stock. The Washington-based Lesa Sroufe And has invested 3.11% in Abercrombie & Fitch Co. (NYSE:ANF). Pacad Limited has 66,090 shares for 0.16% of their US portfolio. Blackrock has 42,043 shares for 0% of their US portfolio. State Common Retirement Fund last reported 0% of its portfolio in the stock. Commonwealth Equity Serv accumulated 14,025 shares or 0% of the stock. Ladenburg Thalmann Fincl last reported 1,714 shares in the company. Qci Asset Mngmt last reported 20 shares in the company. Baker Avenue Asset Mngmt L P accumulated 20,000 shares or 0.05% of the stock.
Insider Transactions: Since September 1, 2016, the stock had 2 insider purchases, and 0 insider sales for $436,300 net activity. 15,000 shares were bought by Horowitz Bonadies Fran, worth $259,800. On Thursday, September 1 STAPLETON CRAIG R bought $176,500 worth of the stock or 10,000 shares.
More notable recent Abercrombie & Fitch Co. (NYSE:ANF) news were published by: Cnbc.com which released: “More store closures may be ahead for Abercrombie & Fitch” on November 18, 2016, also Forbes.com with their article: “Abercrombie & Fitch (ANF) Passes Through 5% Yield Mark” published on November 15, 2016, Reuters.com published: “BRIEF-Reg-Abercrombie & fitch co. Reports third quarter results” on November 18, 2016. More interesting news about Abercrombie & Fitch Co. (NYSE:ANF) were released by: Nasdaq.com and their article: “Earnings Reaction History: Abercrombie & Fitch Co., 63.6% Follow-Through …” published on November 18, 2016 as well as Reuters.com‘s news article titled: “Abercrombie, Gap forecasts signal tough holiday quarter for retailers” with publication date: November 18, 2016.
ANF Company Profile
Abercrombie & Fitch Co. (A&F), incorporated on June 26, 1996, is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells a range of products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. The Company’s divisions include Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister.
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