Shares of Abercrombie & Fitch Co. (NYSE:ANF) have earned a consensus rating of “Hold” from the twenty-eight research firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.67.
Several equities analysts have commented on the company. ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Wolfe Research upped their price objective on Abercrombie & Fitch from $9.00 to $13.00 and gave the company an “underperform” rating in a research report on Monday, November 20th. Bank of America set a $9.00 price target on Abercrombie & Fitch and gave the stock a “sell” rating in a research report on Monday, November 20th. BMO Capital Markets set a $22.00 price target on Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, November 21st.
Several hedge funds and other institutional investors have recently modified their holdings of ANF. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth $114,000. Glassman Wealth Services purchased a new stake in Abercrombie & Fitch in the fourth quarter valued at about $122,000. Lorber David A purchased a new stake in Abercrombie & Fitch in the third quarter valued at about $126,000. Old Mutual Global Investors UK Ltd. purchased a new stake in Abercrombie & Fitch in the third quarter valued at about $133,000. Finally, Suntrust Banks Inc. raised its stake in Abercrombie & Fitch by 3.9% in the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after buying an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 97.68% of the company’s stock.
Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $859.10 million for the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. Abercrombie & Fitch’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. equities analysts anticipate that Abercrombie & Fitch will post 0.4 EPS for the current year.
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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.
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