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

Abercrombie & Fitch Co. (NYSE:ANF) has been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $42.00.

ANF has been the topic of several research reports. TheStreet upgraded shares of Abercrombie & Fitch from a “c” rating to a “b” rating in a report on Thursday, August 26th. Telsey Advisory Group lifted their target price on shares of Abercrombie & Fitch from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, May 25th. B. Riley lifted their target price on shares of Abercrombie & Fitch from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, May 27th. Argus upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, June 8th. Finally, Wedbush lifted their target price on shares of Abercrombie & Fitch from $33.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, May 27th.

Shares of NYSE:ANF traded up $0.86 on Wednesday, hitting $35.94. 1,328,138 shares of the company were exchanged, compared to its average volume of 1,689,826. The company’s 50 day moving average price is $38.13 and its two-hundred day moving average price is $38.44. Abercrombie & Fitch has a one year low of $13.70 and a one year high of $47.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.69. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.45 and a beta of 1.83.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, August 25th. The apparel retailer reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.93. Abercrombie & Fitch had a net margin of 7.66% and a return on equity of 32.06%. The company had revenue of $864.85 million for the quarter, compared to the consensus estimate of $879.21 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue was up 23.8% compared to the same quarter last year. Research analysts predict that Abercrombie & Fitch will post 4.4 earnings per share for the current year.

In other Abercrombie & Fitch news, Director Kerrii B. Anderson purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 2nd. The stock was acquired at an average cost of $35.17 per share, with a total value of $35,170.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzanne M. Coulter purchased 700 shares of the company’s stock in a transaction that occurred on Friday, August 27th. The shares were acquired at an average cost of $35.93 per share, with a total value of $25,151.00. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of ANF. US Bancorp DE increased its stake in Abercrombie & Fitch by 258.0% in the second quarter. US Bancorp DE now owns 1,056 shares of the apparel retailer’s stock valued at $49,000 after purchasing an additional 761 shares in the last quarter. Captrust Financial Advisors increased its stake in Abercrombie & Fitch by 1,644.5% in the first quarter. Captrust Financial Advisors now owns 2,390 shares of the apparel retailer’s stock valued at $82,000 after purchasing an additional 2,253 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Abercrombie & Fitch in the second quarter valued at approximately $97,000. Point72 Hong Kong Ltd acquired a new position in shares of Abercrombie & Fitch in the first quarter valued at approximately $165,000. Finally, USA Financial Portformulas Corp acquired a new position in shares of Abercrombie & Fitch in the second quarter valued at approximately $188,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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