Abercrombie & Fitch Co. Price Target Increased to $42.00 by Analysts at Topeka Capital Markets (ANF)
Equities research analysts at Topeka Capital Markets lifted their price objective on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $37.00 to $42.00 in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price target points to a potential upside of 0.31% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Stifel Nicolaus upgraded shares of Abercrombie & Fitch Co. from a “hold” rating to a “buy” rating in a research note on Monday, August 11th. They now have a $50.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Abercrombie & Fitch Co. in a research note on Friday, August 8th. They now have a $48.00 price target on the stock, up previously from $45.00. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $44.22.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 41.87 on Friday. Abercrombie & Fitch Co. has a 52-week low of $31.14 and a 52-week high of $45.50. The stock’s 50-day moving average is $40.86 and its 200-day moving average is $39.21. The company has a market cap of $3.047 billion and a P/E ratio of 91.10.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, August 28th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.16 earnings per share. Abercrombie & Fitch Co.’s revenue was down 5.8% 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.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders 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 is Thursday, August 28th.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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