90% Of Vetr Top Raters Hate Abercrombie & Fitch Stock

Shares of Abercrombie & Fitch Co. (NYSE: ANF) have lost more than 10 percent since the start of 2016 but are still higher by around 25 percent over the past 6 months.

Meanwhile, Vetr top raters have upgraded Abercombie & Fitch's stock rating to 2-stars out of a possible 5-stars. In fact, shares of Abercrombie & Fitch have risen to $25.39 since the prior rating of 1.5-stars was issued just 2 days ago.

Related link: Here's how crowdsourced ratings can beat the market.

Despite an upgrade, a 2-star stock rating still indicates a 'Sell' sentiment. Accordingly, 90 percent of the crowd's ratings are bearish and the crowd sourced price target of $23.56 implies a potential downside of around 4 percent.

"The labels it operates with are not associated with the quality of the past; the primary market is looking more at other stores for 'trendy' fashion items," Daniel S. Williams, a member of the Vetr crowd argued. "Among needing a brand overhaul, it seems the hype has caught up with Abercrombie & Fitch. Sales numbers have not looked too great, either."