Share on StockTwits

Wunderlich assumed coverage on shares of Abercrombie & Fitch Co. (NYSE:ANF) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $48.00 price target on the stock. Wunderlich’s price objective indicates a potential upside of 15.50% from the stock’s previous close.

Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 42.45 on Tuesday. Abercrombie & Fitch Co. has a 52 week low of $31.14 and a 52 week 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 $3.089 billion and a P/E ratio of 86.05.

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. 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 Stifel Nicolaus upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $50.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the stock. Abercrombie & Fitch Co. presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.

The Fly On The Wall

Receive News & Ratings for Abercrombie & Fitch Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Co and related companies with Analyst Ratings Network's FREE daily email newsletter.