Abercrombie & Fitch Company (NYSE:ANF) has been assigned a $16.00 price objective by equities research analysts at Robert W. Baird in a research note issued on Saturday. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 2.89% from the stock’s current price.

ANF has been the subject of a number of other research reports. Royal Bank Of Canada raised shares of Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $12.00 to $14.00 in a research report on Thursday, August 31st. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. J P Morgan Chase & Co cut shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $12.00 to $10.00 in a research report on Wednesday, November 1st. Standpoint Research cut shares of Abercrombie & Fitch from an “outperform” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $12.00 price target on shares of Abercrombie & Fitch in a research report on Thursday, September 28th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.61.

Abercrombie & Fitch (NYSE ANF) traded up $3.00 during trading hours on Friday, hitting $15.55. 18,413,120 shares of the company were exchanged, compared to its average volume of 3,234,831. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.07. The stock has a market cap of $1,058.75, a PE ratio of 119.61, a P/E/G ratio of 296.19 and a beta of 0.76. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $16.36.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. The firm had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.02 EPS.

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A number of hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its position in Abercrombie & Fitch by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock worth $345,000 after purchasing an additional 100 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Abercrombie & Fitch by 0.5% in the second quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock worth $397,000 after acquiring an additional 160 shares in the last quarter. Arizona State Retirement System increased its position in shares of Abercrombie & Fitch by 0.6% in the second quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock worth $442,000 after acquiring an additional 200 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of Abercrombie & Fitch by 3.9% in the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after acquiring an additional 492 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Abercrombie & Fitch by 0.3% in the second quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock worth $2,850,000 after acquiring an additional 591 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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