Abercrombie & Fitch (NYSE:ANF) Given a $14.00 Price Target at Jefferies Group

Abercrombie & Fitch (NYSE:ANF) has been assigned a $14.00 target price by stock analysts at Jefferies Group in a report issued on Friday, November 17th. The firm presently has a “hold” rating on the apparel retailer’s stock. Jefferies Group’s price objective suggests a potential downside of 19.40% from the stock’s previous close.

A number of other research analysts also recently commented on the company. William Blair reiterated a “buy” rating on shares of Abercrombie & Fitch in a report on Friday, August 25th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.00 to $16.00 in a research note on Friday, August 25th. BMO Capital Markets set a $14.00 price objective 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 price objective on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $12.98.

Abercrombie & Fitch (NYSE:ANF) opened at $17.37 on Friday. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $18.44. The company has a market capitalization of $1,182.67, a price-to-earnings ratio of 133.62, a PEG ratio of 11.54 and a beta of 0.96. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The firm had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. During the same quarter in the prior year, the company earned $0.02 EPS. Abercrombie & Fitch’s revenue was up 4.6% on a year-over-year basis. sell-side analysts expect that Abercrombie & Fitch will post 0.11 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of ANF. GSA Capital Partners LLP lifted its stake in shares of Abercrombie & Fitch by 13.3% during the third quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock worth $480,000 after purchasing an additional 3,909 shares in the last quarter. Lorber David A acquired a new position in shares of Abercrombie & Fitch during the third quarter worth about $126,000. FrontFour Capital Group LLC acquired a new position in shares of Abercrombie & Fitch during the third quarter worth about $7,816,000. Sterling Capital Management LLC acquired a new position in shares of Abercrombie & Fitch during the third quarter worth about $969,000. Finally, California Public Employees Retirement System lifted its stake in shares of Abercrombie & Fitch by 22.3% during the third quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock worth $8,796,000 after purchasing an additional 111,171 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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