Notable Reporting: What’s Abercrombie & Fitch Co. Downside After Today’s Big Decline?

Notable Reporting: What's Abercrombie & Fitch Co. Downside After Today's Big Decline?

The stock of Abercrombie & Fitch Co. (NYSE:ANF) is a huge mover today! About 3.50 million shares traded hands or 2.04% up from the average. Abercrombie & Fitch Co. (NYSE:ANF) has declined 46.07% since April 27, 2016 and is downtrending. It has underperformed by 51.30% the S&P500.
The move comes after 8 months negative chart setup for the $992.69 million company. It was reported on Nov, 30 by Barchart.com. We have $13.16 PT which if reached, will make NYSE:ANF worth $89.34M less.

Analysts await Abercrombie & Fitch Co. (NYSE:ANF) to report earnings on March, 1. They expect $1.00 EPS, down 7.41% or $0.08 from last year’s $1.08 per share. ANF’s profit will be $68.65 million for 3.62 P/E if the $1.00 EPS becomes a reality. After $0.02 actual EPS reported by Abercrombie & Fitch Co. for the previous quarter, Wall Street now forecasts 4,900.00% EPS growth.

Abercrombie & Fitch Co. (NYSE:ANF) Ratings Coverage

Out of 25 analysts covering Abercrombie & Fitch Co. (NYSE:ANF), 6 rate it a “Buy”, 6 “Sell”, while 13 “Hold”. This means 24% are positive. Abercrombie & Fitch Co. has been the topic of 61 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating by Wunderlich given on Saturday, August 15. William Blair maintained Abercrombie & Fitch Co. (NYSE:ANF) on Sunday, August 30 with “Outperform” rating. The rating was upgraded by Deutsche Bank to “Hold” on Wednesday, June 15. Telsey Advisory Group maintained Abercrombie & Fitch Co. (NYSE:ANF) on Wednesday, August 31 with “Market Perform” rating. RBC Capital Markets downgraded the stock to “Underperform” rating in Monday, November 21 report. As per Thursday, October 6, the company rating was downgraded by KeyBanc Capital Markets. The stock of Abercrombie & Fitch Co. (NYSE:ANF) has “Underweight” rating given on Friday, May 27 by Morgan Stanley. Topeka Capital Markets maintained the shares of ANF in a report on Wednesday, August 26 with “Sell” rating. The stock of Abercrombie & Fitch Co. (NYSE:ANF) has “Underperform” rating given on Friday, May 27 by Credit Suisse. RBC Capital Markets maintained it with “Sector Perform” rating and $25 target price in Monday, November 23 report.

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 Q2 2016. Its down 0.24, from 1.21 in 2016Q1. The ratio fall, 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.
Balyasny Asset Mngmt Limited Liability Co, a Illinois-based fund reported 12,500 shares. Alpha Windward Ltd accumulated 0.21% or 16,620 shares. Princeton Alpha Management Lp, a New Jersey-based fund reported 17,896 shares. Bnp Paribas Arbitrage holds 0.02% or 248,885 shares in its portfolio. Moreover, Rhumbline Advisers has 0.01% invested in Abercrombie & Fitch Co. (NYSE:ANF) for 139,037 shares. Susquehanna International Gru Llp owns 665,876 shares or 0.01% of their US portfolio. Qs Investors Ltd Limited Liability Company last reported 211,186 shares in the company. Aperio Grp Ltd holds 0% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF) for 19,686 shares. Spot Trading Ltd Co last reported 0.03% of its portfolio in the stock. Deutsche Retail Bank Ag holds 0.01% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF) for 701,834 shares. Ls Invest Advisors Ltd has invested 0.01% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF). Tyvor Capital Lc reported 13,976 shares or 0.08% of all its holdings. Springbok Capital Management Llc holds 0.01% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF) for 4,600 shares. The California-based California Employees Retirement System has invested 0.01% in Abercrombie & Fitch Co. (NYSE:ANF). Oak Assocs Oh reported 22,000 shares or 0.05% of all its holdings.

Insider Transactions: Since September 1, 2016, the stock had 2 buys, and 0 selling transactions for $436,300 net activity. $259,800 worth of Abercrombie & Fitch Co. (NYSE:ANF) shares were bought by Horowitz Bonadies Fran. 10,000 shares were bought by STAPLETON CRAIG R, worth $176,500.

More notable recent Abercrombie & Fitch Co. (NYSE:ANF) news were published by: Investorplace.com which released: “Abercrombie & Fitch Co. (ANF) Stock Is Beyond All Hope” on November 18, 2016, also Reuters.com with their article: “BRIEF-Reg-Abercrombie & fitch co. Reports third quarter results” published on November 18, 2016, Forbes.com published: “Abercrombie & Fitch (ANF) Passes Through 5% Yield Mark” on November 15, 2016. More interesting news about Abercrombie & Fitch Co. (NYSE:ANF) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Cinemark Holdings, Abercrombie & Fitch and Dominion …” published on November 28, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Abercrombie & Fitch Co., 63.6% Follow-Through …” 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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