Abercrombie & Fitch Company (ANF) PT Set at $14.00 by Jefferies Group LLC
Abercrombie & Fitch Company (NYSE:ANF) has been given a $14.00 price objective by equities research analysts at Jefferies Group LLC in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 11.55% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. William Blair reiterated a “buy” rating on shares of Abercrombie & Fitch in a research report on Friday, August 25th. Citigroup Inc. upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.00 to $16.00 in a research report on Friday, August 25th. BMO Capital Markets set a $14.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird set a $13.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.35.
Shares of Abercrombie & Fitch (ANF) traded down $0.10 during trading on Friday, hitting $12.55. The stock had a trading volume of 4,291,700 shares, compared to its average volume of 3,512,423. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch has a fifty-two week low of $8.81 and a fifty-two week high of $16.99.
Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.12. The company had revenue of $859.10 million for the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a negative return on equity of 0.79% and a negative net margin of 0.62%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share.
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Several institutional investors and hedge funds have recently modified their holdings of ANF. BlackRock Inc. lifted its holdings in shares of Abercrombie & Fitch by 43,958.0% during the 1st quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after purchasing an additional 8,354,665 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter valued at $18,038,000. Contrarius Investment Management Ltd purchased a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at $15,040,000. Victory Capital Management Inc. purchased a new position in Abercrombie & Fitch in the 2nd quarter worth $10,138,000. Finally, Balyasny Asset Management LLC purchased a new position in Abercrombie & Fitch in the 2nd quarter worth $10,120,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.
About Abercrombie & Fitch
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
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