Abercrombie & Fitch Co. Price Target Raised to $37.00 at Mizuho (ANF)
Research analysts at Mizuho boosted their price objective on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $35.00 to $37.00 in a report released on Friday. Mizuho’s price target suggests a potential downside of 2.66% from the stock’s previous close.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 2.34% on Friday, hitting $38.01. 3,497,404 shares of the company’s stock traded hands. Abercrombie & Fitch Co. has a 1-year low of $31.14 and a 1-year high of $52.38. The stock’s 50-day moving average is $36.90 and its 200-day moving average is $36.05. The company has a market cap of $2.790 billion and a P/E ratio of 53.83. Abercrombie & Fitch Co. also was the recipient of some unusual options trading activity on Wednesday. Investors purchased 47,607 call options on the stock. This is an increase of 532% compared to the average daily volume of 7,534 call options.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.02. The company had revenue of $822.00 million for the quarter, compared to the consensus estimate of $797.86 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post $2.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 17th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, June 3rd.
A number of other firms have also recently commented on ANF. Analysts at Credit Agricole upgraded shares of Abercrombie & Fitch Co. from an “outperform” rating to a “buy” rating in a research note on Friday. Separately, analysts at TheStreet downgraded shares of Abercrombie & Fitch Co. to a “hold” rating in a research note on Wednesday, May 14th. Finally, analysts at Janney Montgomery Scott upgraded shares of Abercrombie & Fitch Co. from an “underweight” rating to a “neutral” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.04.
Abercrombie & Fitch Co (NYSE:ANF) through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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