Abercrombie & Fitch Co. Receives Consensus Recommendation of “Hold” from Analysts (NYSE:ANF)
Abercrombie & Fitch Co. (NYSE:ANF) has earned an average rating of “Hold” from the thirty-three analysts that are presently covering the company, Analyst Ratings News reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $43.61.
A number of analysts have recently weighed in on ANF shares. Analysts at Stephens initiated coverage on shares of Abercrombie & Fitch Co. in a research note on Friday. They set an “overweight” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Abercrombie & Fitch Co. from $43.00 to $49.00 in a research note on Thursday, June 19th. They now have an “outperform” rating on the stock. Finally, analysts at Topeka Capital Markets reiterated a “hold” rating on shares of Abercrombie & Fitch Co. in a research note on Tuesday, June 10th.
Abercrombie & Fitch Co. (NYSE:ANF) opened at 43.06 on Tuesday. 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 $38.96 and a 200-day moving average of $36.81. The company has a market cap of $3.134 billion and a price-to-earnings ratio of 89.71.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, May 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post $2.36 EPS for the current fiscal year.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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