Abercrombie & Fitch Co. (ANF) is Downgraded by Stifel to Hold

Abercrombie & Fitch Co. (ANF) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on Abercrombie & Fitch Co.. Abercrombie & Fitch Co. was Upgraded by Standpoint Research to ” Buy” on Aug 30, 2016. Shares were Reiterated by Mizuho on Aug 30, 2016 to “Neutral” and Lowered the Price Target to $ 20 from a previous price target of $23 .Deutsche Bank Upgraded Abercrombie & Fitch Co. on Jun 15, 2016 to ” Hold”, Price Target of the shares are set at $20.

On the company’s financial health, Abercrombie & Fitch Co. reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 30, 2016. Analyst had a consensus of $-0.21. The company had revenue of $783.20 million for the quarter, compared to analysts expectations of $782.64 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Abercrombie & Fitch Co. opened for trading at $22.62 and hit $23.29 on the upside on Monday, eventually ending the session at $22.95, with a gain of 1.46% or 0.33 points. The heightened volatility saw the trading volume jump to 50,62,593 shares. Company has a market cap of $1,552 M.

In a different news, on Mar 22, 2016, Diane Chang (EVP of Sourcing) sold 7,600 shares at $32.05 per share price. According to the SEC, on Jun 29, 2015, Craig R Stapleton (director) purchased 10,000 shares at $22.42 per share price. On Jun 9, 2015, Christos E. Angelides (President of Abercrombie &***) purchased 45,200 shares at $22.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada Europe Asia Australia and the Middle East. The Direct-to-Consumer segment includes operations directly associated with on-line operations both United States and international. A&F sells products including casual sportswear apparel including knit 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. It also sells bras underwear personal care products sleepwear and at-home products for girls through Hollister under the Gilly Hicks brand.

Abercrombie & Fitch Co.

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