Abercrombie & Fitch Co.’s Neutral Rating Reaffirmed at JPMorgan Chase & Co. (ANF)
Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $45.00 target price on the stock, up from their previous target price of $42.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 9.65% from the stock’s previous close.
A number of other analysts have also recently weighed in on ANF. Analysts at Standpoint Research downgraded shares of Abercrombie & Fitch Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 7th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Abercrombie & Fitch Co. in a research note on Friday, June 27th. They now have a $44.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Abercrombie & Fitch Co. from $50.00 to $60.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $44.48.
Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.85% during mid-day trading on Wednesday, hitting $40.69. 929,188 shares of the company’s stock traded hands. Abercrombie & Fitch Co. has a 52-week low of $31.14 and a 52-week high of $52.24. The stock’s 50-day moving average is $41.11 and its 200-day moving average is $37.86. The company has a market cap of $2.961 billion and a P/E ratio of 84.97.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly 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. 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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