Susquehanna Lowers Abercrombie & Fitch Co. Price Target to $48.00 (ANF)
Equities research analysts at Susquehanna dropped their target price on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $50.00 to $48.00 in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 31.00% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Abercrombie & Fitch Co. from $41.00 to $38.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.70.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 2.32% during mid-day trading on Monday, hitting $36.64. The stock had a trading volume of 2,108,630 shares. 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 $43.61 and a 200-day moving average of $47.55. The company has a market cap of $2.799 billion and a P/E ratio of 11.87. Abercrombie & Fitch Co. also saw some unusual options trading activity on Friday. Stock traders purchased 15,576 call options on the company. This represents an increase of 124% compared to the typical volume of 6,960 call options.
Abercrombie & Fitch Co. (NYSE:ANF) last announced its 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 $2.03 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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