Abercrombie & Fitch Co. (NYSE:ANF) Sees Significant Increase in Short Interest

Abercrombie & Fitch Co. (NYSE:ANFGet Rating) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 6,770,000 shares, a growth of 7.1% from the August 15th total of 6,320,000 shares. Currently, 14.6% of the company’s stock are short sold. Based on an average daily volume of 1,950,000 shares, the days-to-cover ratio is currently 3.5 days.

Institutional Trading of Abercrombie & Fitch

Hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC bought a new stake in Abercrombie & Fitch during the second quarter valued at about $29,000. DB Wealth Management Group LLC bought a new stake in Abercrombie & Fitch during the first quarter valued at about $33,000. Captrust Financial Advisors boosted its stake in shares of Abercrombie & Fitch by 24.9% in the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock worth $77,000 after acquiring an additional 913 shares during the period. Nisa Investment Advisors LLC bought a new position in shares of Abercrombie & Fitch in the first quarter worth about $91,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch in the first quarter worth about $95,000. Institutional investors own 95.22% of the company’s stock.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $15.59 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.58. Abercrombie & Fitch has a one year low of $14.02 and a one year high of $48.97. The firm has a market capitalization of $770.99 million, a P/E ratio of 12.57 and a beta of 1.50. The business has a fifty day moving average of $17.45 and a 200 day moving average of $23.82.

Abercrombie & Fitch (NYSE:ANFGet Rating) last released its quarterly earnings results on Thursday, August 25th. The apparel retailer reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.53). Abercrombie & Fitch had a net margin of 2.16% and a return on equity of 11.57%. The company had revenue of $805.90 million for the quarter, compared to the consensus estimate of $843.56 million. During the same period in the prior year, the firm posted $1.70 EPS. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Abercrombie & Fitch will post 0.09 EPS for the current year.

Analyst Ratings Changes

ANF has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Abercrombie & Fitch from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Tuesday, August 30th. Citigroup decreased their price target on Abercrombie & Fitch from $21.00 to $19.00 in a research note on Wednesday, August 31st. UBS Group decreased their price target on Abercrombie & Fitch from $34.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, May 25th. Telsey Advisory Group decreased their price target on Abercrombie & Fitch from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, August 26th. Finally, B. Riley cut their price objective on Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.83.

About Abercrombie & Fitch

(Get Rating)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

Recommended Stories

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.