Abercrombie & Fitch Co. Price Target Raised to $43.00 at Mizuho (ANF)
Equities research analysts at Mizuho upped their target price on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $37.00 to $43.00 in a research note issued to investors on Friday. Mizuho’s target price suggests a potential upside of 2.87% from the stock’s previous close.
A number of other analysts have also recently weighed in on ANF. Analysts at Bank of America reiterated a “neutral” rating on shares of Abercrombie & Fitch Co. in a research note on Friday. They now have a $44.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.63.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.17% during mid-day trading on Friday, hitting $41.80. The stock had a trading volume of 2,382,766 shares. 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 $3.042 billion and a price-to-earnings ratio of 86.69.
Abercrombie & Fitch Co. (NYSE:ANF) last released its earnings data on Thursday, August 28th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 5.8% 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.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend 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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