Deutsche Bank Upgrades Abercrombie & Fitch Co. to Hold

Brokerage firm Deutsche Bank Upgrades its rating on Abercrombie & Fitch Co.(NYSE:ANF). The shares have been rated Hold. Previously, the analysts had a Sell rating on the shares. The rating by Deutsche Bank was issued on Jun 15, 2016.

In a different note, On May 27, 2016, Morgan Stanley said it Maintains its rating on Abercrombie & Fitch Co.. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Underweight’ by the firm. On May 27, 2016, Credit Suisse said it Maintains its rating on Abercrombie & Fitch Co.. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Underperform’ by the firm. On May 27, 2016, Citigroup said it Maintains its rating on Abercrombie & Fitch Co.. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 27, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Abercrombie & Fitch Co.. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm. On May 12, 2016, Citigroup said it Maintains its rating on Abercrombie & Fitch Co.. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Neutral’ by the firm. Deutsche Bank said it Initiates Coverage on Abercrombie & Fitch Co., according to a research note issued on Apr 26, 2016. The shares have been rated ‘Sell’ by the firm.

Abercrombie & Fitch Co. (ANF) made into the market gainers list on Tuesdays trading session with the shares advancing 0.90% or 0.17 points. Due to strong positive momentum, the stock ended at $19.01, which is also near the day’s high of $19.21. The stock began the session at $19 and the volume stood at 28,98,156 shares. The 52-week high of the shares is $32.83 and the 52 week low is $15.42. The company has a current market capitalization of $1,285 M and it has 6,76,16,833 shares in outstanding.

Abercrombie & Fitch Co.(ANF) last announced its earnings results on May 26, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $685.48M. Analysts had an estimated revenue of $710.42M. Earnings per share were $-0.59. Analysts had estimated an EPS of $-0.50.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Diane Chang (EVP of Sourcing) sold 7,600 shares at $32.05 per share price.Also, 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.

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