Abercrombie & Fitch Rating Lowered to Market Perform at Wells Fargo & Co. (ANF)
Abercrombie & Fitch (NYSE: ANF) was downgraded by investment analysts at Wells Fargo & Co. (NYSE: WFC) from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday.
Shares of Abercrombie & Fitch traded down 1.01% during mid-day trading on Thursday, hitting $36.1806. Abercrombie & Fitch has a one year low of $36.47 and a one year high of $78.25. The company has a market cap of $3.065 billion and a P/E ratio of 25.58.
Abercrombie & Fitch last issued its quarterly earnings data on Wednesday, May 16th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.02. Abercrombie & Fitch’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Abercrombie & Fitch will post $1.00 earnings per share next quarter.
ANF has been the subject of a number of other recent research reports. Analysts at Brean Murray reiterated a “buy” rating on shares of Abercrombie & Fitch in a research note to investors on Monday. Separately, analysts at Brean Murray Carret & Co. reiterated a “buy” rating on shares of Abercrombie & Fitch in a research note to investors on Monday. Finally, analysts at Sterne Agee initiated coverage on shares of Abercrombie & Fitch in a research note to investors on Wednesday, May 2nd. They set a “neutral” rating and a $57.00 price target on the stock.
Abercrombie & Fitch Co (A&F), through its subsidiaries, a specialty retailer that operates stores and direct-to-consumer operations selling casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, outerwear, personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brands.