Abercrombie & Fitch (NYSE:ANF) Price Target Increased to $17.00 by Analysts at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF) had its price objective increased by Telsey Advisory Group from $12.00 to $17.00 in a research note issued to investors on Monday, November 20th, MarketBeat Ratings reports. The brokerage currently has a market perform rating on the apparel retailer’s stock.

ANF has been the subject of a number of other reports. William Blair restated an outperform rating on shares of Abercrombie & Fitch in a report on Tuesday, September 5th. J P Morgan Chase & Co cut Abercrombie & Fitch from a neutral rating to an underweight rating and lowered their target price for the company from $12.00 to $10.00 in a report on Wednesday, November 1st. Citigroup upgraded Abercrombie & Fitch from a neutral rating to a buy rating and raised their target price for the company from $14.00 to $16.00 in a report on Friday, August 25th. Zacks Investment Research cut Abercrombie & Fitch from a buy rating to a hold rating in a report on Friday, October 27th. Finally, Royal Bank Of Canada upgraded Abercrombie & Fitch from an underperform rating to a sector perform rating and raised their target price for the company from $12.00 to $14.00 in a report on Thursday, August 31st. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $12.98.

Abercrombie & Fitch (NYSE ANF) traded up $0.14 during midday trading on Monday, reaching $17.79. The company had a trading volume of 2,069,853 shares, compared to its average volume of 3,607,405. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $18.44. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1,220.00, a P/E ratio of 131.85, a P/E/G ratio of 11.39 and a beta of 0.96.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 EPS. research analysts predict that Abercrombie & Fitch will post 0.11 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio (DPR) is presently -275.86%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lorber David A acquired a new position in Abercrombie & Fitch during the third quarter worth approximately $126,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Abercrombie & Fitch during the second quarter worth approximately $114,000. Old Mutual Global Investors UK Ltd. acquired a new position in Abercrombie & Fitch during the third quarter worth approximately $133,000. Northwestern Mutual Investment Management Company LLC acquired a new position in Abercrombie & Fitch during the second quarter worth approximately $208,000. Finally, Suntrust Banks Inc. increased its position in Abercrombie & Fitch by 3.9% during the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after buying an additional 492 shares during the period. 99.31% of the stock is currently owned by institutional investors.

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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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