Abercrombie & Fitch Co. Given New $38.00 Price Target at JPMorgan Chase & Co. (ANF)
Equities research analysts at JPMorgan Chase & Co. reduced their price objective on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $41.00 to $38.00 in a research note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 6.12% from the stock’s previous close.
A number of other firms have also recently commented on ANF. Analysts at Macquarie downgraded shares of Abercrombie & Fitch Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a $36.00 price target on the stock, down previously from $47.00. Separately, analysts at Wells Fargo & Co. reiterated a “neutral” rating on shares of Abercrombie & Fitch Co. in a research note to investors on Monday, October 14th. Finally, analysts at FBR Capital Markets reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research note to investors on Friday, October 11th. They now have a $43.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.78.
Abercrombie & Fitch Co. (NYSE:ANF) traded down 1.94% during mid-day trading on Friday, hitting $35.81. 3,511,120 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 $43.61 and a 200-day moving average of $47.55. The company has a market cap of $2.736 billion and a price-to-earnings ratio of 12.10.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, August 22nd. The company reported $0.16 earnings per share for the quarter, missing the analysts’ 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 $2.04 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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