Abercrombie & Fitch (NYSE:ANF) has been downgraded from Overweight to Sector Weight in a statement by KeyBanc earlier today.
- Updated: October 6, 2016
KeyBanc has downgraded Abercrombie & Fitch (NYSE:ANF) from Overweight to Sector Weight in a statement released on 10/6/2016.
Just yesterday Abercrombie & Fitch (NYSE:ANF) traded -2.95% lower at $16.28. Abercrombie & Fitch’s 50-day moving average is $18.31 and its 200-day moving average is $22.02. The last closing price is down -28.26% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,415,756 shares of ANF traded hands, down from an average trading volume of 2,831,890
Recent Performance Chart
Abercrombie & Fitch has 52 week low of $15.51 and a 52 week high of $32.83 with a PE ratio of 23.24 and has a market capitalization of $0.
In addition to KeyBanc reporting its stock price target, a total of 26 brokers have issued a research note on the company. The average stock price target is $24.07 with four brokerages rating the company a strong buy, three brokerages rating the company a buy, 19 firms rating the stock a hold, 6 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Abercrombie & Fitch (NYSE:ANF)
Abercrombie & Fitch Co. (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops 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. Its segments include Abercrombie, which includes the Company's Abercrombie & Fitch and abercrombie kids brands, and Hollister. A&F operates approximately 750 stores in the United States and over 180 stores outside of the United States. It operates Websites for each brand, both domestically and internationally. The Websites are available in over 10 languages, accepting over 30 currencies and shipping to over 120 countries. It sources merchandise through over 150 vendors located throughout the world, primarily in Asia and Central America.
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