Abercrombie & Fitch Co. Rating Increased to Buy at Stifel Nicolaus (ANF)
Abercrombie & Fitch Co. (NYSE:ANF) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on ANF. 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. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.64.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.39% during mid-day trading on Monday, hitting $41.56. The stock had a trading volume of 1,280,161 shares. Abercrombie & Fitch Co. has a 1-year low of $31.14 and a 1-year high of $50.85. The stock’s 50-day moving average is $40.88 and its 200-day moving average is $38.50. The company has a market cap of $3.025 billion and a P/E ratio of 85.71.
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. 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.
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