Abercrombie & Fitch Co. Earns “Neutral” Rating from Bank of America (ANF)
Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “neutral” rating reiterated by analysts at Bank of America in a research report issued to clients and investors on Friday. They currently have a $44.00 price target on the stock. Bank of America’s target price would indicate a potential upside of 5.09% from the company’s current price.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 42.05 on Friday. Abercrombie & Fitch Co. has a one year low of $31.14 and a one year high of $45.50. The stock has a 50-day moving average of $40.86 and a 200-day moving average of $39.21. The company has a market cap of $3.060 billion and a P/E ratio of 86.69.
Abercrombie & Fitch Co. (NYSE:ANF) last announced its earnings results on Thursday, August 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $891.00 million for the quarter, compared to the consensus estimate of $909.62 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Analysts expect that Abercrombie & Fitch Co. will post $2.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, August 28th.
A number of other firms have also recently commented on ANF. Analysts at Telsey Advisory Group raised their price target on shares of Abercrombie & Fitch Co. from $45.00 to $49.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Abercrombie & Fitch Co. from $37.00 to $42.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Abercrombie & Fitch Co. in a research note on Tuesday, August 12th. They set a “buy” rating and a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. Abercrombie & Fitch Co. presently has an average rating of “Hold” and an average price target of $44.38.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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