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FBR Capital Markets raised their target price on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $43.00 to $49.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price objective would suggest a potential upside of 14.22% from the company’s current price.

Abercrombie & Fitch Co. (NYSE:ANF) opened at 42.90 on Thursday. Abercrombie & Fitch Co. has a 52-week low of $31.14 and a 52-week high of $52.38. The stock has a 50-day moving average of $38.45 and a 200-day moving average of $36.. The company has a market cap of $3.122 billion and a P/E ratio of 88.30.

Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data 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. On average, analysts predict that Abercrombie & Fitch Co. will post $2.36 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets reiterated a “hold” rating on shares of Abercrombie & Fitch Co. in a research note on Tuesday, June 10th. Separately, analysts at RBC Capital raised their price target on shares of Abercrombie & Fitch Co. from $35.00 to $36.00 in a research note on Friday, May 30th. They now have a “sector perform” rating on the stock. Finally, analysts at Mizuho raised their price target on shares of Abercrombie & Fitch Co. from $35.00 to $37.00 in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.61.

Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.

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