Abercrombie & Fitch Co. Receives Average Recommendation of “Hold” from Analysts (NYSE:ANF)
Shares of Abercrombie & Fitch Co. (NYSE:ANF) have earned a consensus recommendation of “Hold” from the thirty-two analysts that are currently covering the company, American Banking & Market News reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $44.64.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 41.40 on Tuesday. Abercrombie & Fitch Co. has a 1-year low of $31.14 and a 1-year high of $50.85. The stock has a 50-day moving average of $40.96 and a 200-day moving average of $38.43. The company has a market cap of $3.013 billion and a P/E ratio of 84.29.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings data 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. Analysts expect that Abercrombie & Fitch Co. will post $2.36 EPS for the current fiscal year.
ANF has been the subject of a number of recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Friday. They now have a $48.00 price target on the stock, up previously from $45.00. Separately, analysts at Bank of America upgraded shares of Abercrombie & Fitch Co. from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Abercrombie & Fitch Co. in a research note on Wednesday, July 16th. They now have a $45.00 price target on the stock, up previously from $42.00.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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