Abercrombie & Fitch Co. Price Target Raised to $46.00 at Susquehanna (ANF)
Investment analysts at Susquehanna hoisted their price target on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $43.00 to $46.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. Susquehanna’s price objective would suggest a potential upside of 23.69% from the stock’s previous close.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded up 11.98% on Friday, hitting $37.19. The stock had a trading volume of 14,155,761 shares. Abercrombie & Fitch Co. has a 1-year low of $31.14 and a 1-year high of $55.23. The stock has a 50-day moving average of $33.51 and a 200-day moving average of $39.21. The company has a market cap of $2.841 billion and a P/E ratio of 17.84.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.07. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post $1.47 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group downgraded shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 2nd. They now have a $30.00 price target on the stock, down previously from $45.00. Separately, analysts at Thomson Reuters/Verus downgraded shares of Abercrombie & Fitch Co. from a “buy” rating to a “sell” rating in a research note to investors on Monday, December 16th. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Abercrombie & Fitch Co. in a research note to investors on Thursday, November 28th. They now have a $31.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $40.38.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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