Abercrombie & Fitch Co. PT Raised to $60.00 at Jefferies Group (ANF)
Analysts at Jefferies Group upped their price target on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $50.00 to $60.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 41.81% from the stock’s previous close.
A number of other firms have also recently commented on ANF. Analysts at Stephens initiated coverage on shares of Abercrombie & Fitch Co. in a research note on Friday, June 20th. 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. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.04.
In other Abercrombie & Fitch Co. news, EVP Diane Chang unloaded 2,000 shares of the stock on the open market in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $43.03, for a total transaction of $86,060.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded up 3.07% on Friday, hitting $43.61. The stock had a trading volume of 1,009,987 shares. 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 $39.45 and its 200-day moving average is $36.97. The company has a market cap of $3.174 billion and a price-to-earnings ratio of 87.60.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.17) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.09) earnings per share. Abercrombie & Fitch Co.’s revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Abercrombie & Fitch Co. will post $2.36 earnings per share 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.