Abercrombie & Fitch Co.’s Buy Rating Reaffirmed at FBR Capital Markets (ANF)
Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “buy” rating reaffirmed by equities researchers at FBR Capital Markets in a research report issued on Friday, American Banking and Market News reports. They currently have a $43.00 price objective on the stock. FBR Capital Markets’ price objective would suggest a potential upside of 25.73% from the stock’s previous close.
A number of other firms have also recently commented on ANF. Analysts at UBS AG cut their price target on shares of Abercrombie & Fitch Co. from $40.00 to $35.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet downgraded shares of Abercrombie & Fitch Co. to a “hold” rating in a research note to investors on Wednesday. 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 issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.89.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.18% during mid-day trading on Friday, hitting $34.20. 5,824,007 shares of the company’s stock traded hands. Abercrombie & Fitch Co. has a one year low of $30.06 and a one year high of $55.23. The stock has a 50-day moving average of $36.28 and a 200-day moving average of $45.93. The company has a market cap of $2.613 billion and a P/E ratio of 11.31. Abercrombie & Fitch Co. also saw some unusual options trading on Friday. Investors purchased 11,787 call options on the company. This is an increase of 262% compared to the typical volume of 3,253 call options.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue 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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