Abercrombie & Fitch Co. Price Target Lowered to $35.00 at UBS AG (ANF)
Investment analysts at UBS AG reduced their price target on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $40.00 to $35.00 in a note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price points to a potential upside of 2.34% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of Abercrombie & Fitch Co. to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at FBR Capital Markets initiated coverage on shares of Abercrombie & Fitch Co. in a research note to investors on Wednesday, October 2nd. They set an “outperform” rating and a $43.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of Abercrombie & Fitch Co. in a research note to investors on Monday, September 9th. They set a “buy” rating and a $43.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the stock. Abercrombie & Fitch Co. presently has a consensus rating of “Hold” and a consensus target price of $48.89.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.18% on Friday, hitting $34.20. 5,824,007 shares of the company’s stock traded hands. Abercrombie & Fitch Co. has a 1-year low of $30.06 and a 1-year high of $55.23. The stock has a 50-day moving average of $36.41 and a 200-day moving average of $46.02. The company has a market cap of $2.613 billion and a P/E ratio of 11.31. Abercrombie & Fitch Co. also was the target of unusually large options trading on Friday. Stock investors acquired 11,787 call options on the stock. This is an increase of approximately 262% compared to the average volume of 3,253 call options.
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. On average, analysts predict that Abercrombie & Fitch Co. will post $2.07 earnings per share for the current fiscal year.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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