Abercrombie & Fitch (NYSE:ANF) Stock Rating Reaffirmed by Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research report issued on Monday, Zacks.com reports.

Several other equities research analysts have also commented on the company. Wedbush upped their target price on Abercrombie & Fitch from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Robert W. Baird upped their target price on Abercrombie & Fitch from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Finally, B. Riley reiterated a “hold” rating and issued a $15.00 price target on shares of Abercrombie & Fitch in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.46.

ANF traded down $0.52 on Monday, reaching $13.18. The stock had a trading volume of 5,397,599 shares, compared to its average volume of 1,998,251. Abercrombie & Fitch has a fifty-two week low of $12.79 and a fifty-two week high of $30.63. The firm has a 50-day moving average of $16.95 and a 200-day moving average of $16.49. The company has a current ratio of 1.41, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $909.22 million, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 0.78 and a beta of 0.96.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Abercrombie & Fitch had a return on equity of 5.30% and a net margin of 1.52%. The firm had revenue of $863.50 million during the quarter, compared to analyst estimates of $870.82 million. During the same period in the previous year, the company earned $0.33 EPS. Abercrombie & Fitch’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts anticipate that Abercrombie & Fitch will post 0.68 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of Abercrombie & Fitch by 175.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,029 shares of the apparel retailer’s stock valued at $35,000 after acquiring an additional 1,293 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $131,000. Point72 Hong Kong Ltd increased its position in shares of Abercrombie & Fitch by 471.3% during the fourth quarter. Point72 Hong Kong Ltd now owns 9,083 shares of the apparel retailer’s stock valued at $157,000 after acquiring an additional 7,493 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Abercrombie & Fitch by 6.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,183 shares of the apparel retailer’s stock valued at $175,000 after acquiring an additional 624 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $178,000.

About Abercrombie & Fitch

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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