Abercrombie & Fitch Co. Stock Rating Reaffirmed by Nomura (ANF)
Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “buy” rating restated by Nomura in a research note issued on Friday. They currently have a $48.00 target price on the stock, up from their previous target price of $45.00. Nomura’s target price would indicate a potential upside of 15.94% from the company’s current price.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 41.40 on Friday. 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 price-to-earnings ratio of 84.29.
Abercrombie & Fitch Co. (NYSE:ANF) last announced its 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.
ANF has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the company. Abercrombie & Fitch Co. currently has an average rating of “Hold” and a consensus price target of $44.64.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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