Telsey Advisory Group Increases Abercrombie & Fitch Co. Price Target to $49.00 (ANF)
Research analysts at Telsey Advisory Group raised their target price on shares of Abercrombie & Fitch Co. (NYSE:ANF) from $45.00 to $49.00 in a report released on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 17.03% from the company’s current price.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) opened at 41.87 on Friday. Abercrombie & Fitch Co. has a 1-year low of $31.14 and a 1-year 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 (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. 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. 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.
ANF has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. One 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $44.39.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations.
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