Abercrombie & Fitch Co.’s Hold Rating Reiterated at Citigroup Inc. (ANF)
Abercrombie & Fitch Co. (NYSE:ANF)‘s stock had its “hold” rating reissued by stock analysts at Citigroup Inc. in a report issued on Tuesday. They currently have a $45.00 target price on the stock, up from their previous target price of $42.00. Citigroup Inc.’s target price suggests a potential upside of 7.66% from the stock’s previous close.
A number of other firms have also recently commented on ANF. Analysts at Mizuho raised their price target on shares of Abercrombie & Fitch Co. from $37.00 to $43.00 in a research note on Friday. Separately, 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. Finally, 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. One 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 stock currently has an average rating of “Hold” and an average price target of $44.96.
Abercrombie & Fitch Co. (NYSE:ANF) traded down 0.19% on Tuesday, hitting $41.72. 1,380,045 shares of the company’s stock traded hands. 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 $40.85 and a 200-day moving average of $39.38. The company has a market cap of $2.977 billion and a P/E ratio of 80.38.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly 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 announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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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