Abercrombie & Fitch Co. (ANF) Given Consensus Recommendation of “Hold” by Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has received a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.80.

ANF has been the subject of several recent analyst reports. Wolfe Research restated an “underperform” rating and set a $18.00 target price (down from $20.00) on shares of Abercrombie & Fitch in a research report on Tuesday, January 15th. TheStreet upgraded Abercrombie & Fitch from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. ValuEngine upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. upgraded Abercrombie & Fitch from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $27.00 in a research report on Thursday, March 7th. Finally, Morgan Stanley boosted their target price on Abercrombie & Fitch from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Thursday, March 7th.

In other news, Director Nigel Travis acquired 2,917 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of $25.70 per share, for a total transaction of $74,966.90. Following the acquisition, the director now owns 2,917 shares of the company’s stock, valued at $74,966.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Abercrombie & Fitch in the 4th quarter worth about $502,000. Vanguard Group Inc. boosted its holdings in shares of Abercrombie & Fitch by 11.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,232,257 shares of the apparel retailer’s stock worth $237,225,000 after purchasing an additional 1,119,930 shares in the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of Abercrombie & Fitch by 0.9% in the 4th quarter. ClariVest Asset Management LLC now owns 101,000 shares of the apparel retailer’s stock worth $2,025,000 after purchasing an additional 900 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Abercrombie & Fitch by 1.1% in the 4th quarter. BlackRock Inc. now owns 9,748,353 shares of the apparel retailer’s stock worth $195,453,000 after purchasing an additional 106,499 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in shares of Abercrombie & Fitch by 7.6% in the 1st quarter. Investec Asset Management LTD now owns 135,783 shares of the apparel retailer’s stock worth $3,722,000 after purchasing an additional 9,586 shares in the last quarter.

Shares of NYSE:ANF traded down $0.88 during midday trading on Friday, reaching $27.58. 2,428,446 shares of the company traded hands, compared to its average volume of 1,776,049. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.61 and a current ratio of 2.39. Abercrombie & Fitch has a 12 month low of $15.28 and a 12 month high of $30.63. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.34 and a beta of 0.63.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.20. Abercrombie & Fitch had a return on equity of 6.93% and a net margin of 2.12%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. Equities analysts predict that Abercrombie & Fitch will post 1.39 EPS for the current fiscal year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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