Abercrombie & Fitch Co. (ANF) is Upgraded by Deutsche Bank to Hold, Price Target at $20

Abercrombie & Fitch Co. (ANF) was Upgraded by Deutsche Bank to ” Hold” and the brokerage firm has set the Price Target at $20. Earlier the firm had a rating of “Sell ” on the company shares. Deutsche Bank advised their investors in a research report released on Jun 15, 2016.

Many Wall Street Analysts have commented on Abercrombie & Fitch Co.. Shares were Reiterated by RBC Capital Mkts on Jun 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 23 from a previous price target of $35 .Shares were Reiterated by FBR Capital on May 27, 2016 to “Mkt Perform” and Lowered the Price Target to $ 22 from a previous price target of $24 .Shares were Reiterated by Mizuho on May 27, 2016 to “Neutral” and Lowered the Price Target to $ 23 from a previous price target of $26 .

On the company’s financial health, Abercrombie & Fitch Co. reported $-0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 26, 2016. Analyst had a consensus of $-0.51. The company had revenue of $685.50 million for the quarter, compared to analysts expectations of $709.48 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.53 EPS.

Abercrombie & Fitch Co. closed down -0.3 points or -1.59% at $18.62 with 32,19,377 shares getting traded on Tuesday. Post opening the session at $18.92, the shares hit an intraday low of $18.305 and an intraday high of $19.11 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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