Abercrombie & Fitch Co. Price Target Cut to $40.00 (ANF)
Analysts at UBS AG reduced their price objective on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $49.00 to $40.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price points to a potential upside of 5.88% from the stock’s previous close.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 2.33% during mid-day trading on Friday, hitting $37.78. The stock had a trading volume of 3,819,138 shares. Abercrombie & Fitch Co. has a 1-year low of $30.06 and a 1-year high of $55.23. The stock’s 50-day moving average is $49.12 and its 200-day moving average is $48.92. The company has a market cap of $2.923 billion and a P/E ratio of 12.82.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, August 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.12. The company had revenue of $945.70 million for the quarter, compared to the consensus estimate of $996.64 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post $2.76 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna set a $50.00 price target on shares of Abercrombie & Fitch Co. in a research note to investors on Friday. They now have a “positive” rating on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Abercrombie & Fitch Co. from $60.00 to $45.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of Abercrombie & Fitch Co. from $65.00 to $53.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eighteen have given a buy rating to the stock. Abercrombie & Fitch Co. has an average rating of “Buy” and an average target price of $51.07.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, August 29th.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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