Abercrombie & Fitch Co. (ANF) Receives Consensus Rating of “Hold” from Brokerages
Abercrombie & Fitch Co. (NYSE:ANF) has earned an average recommendation of “Hold” from the twenty-eight ratings firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.93.
ANF has been the subject of several research analyst reports. Robert W. Baird restated a “neutral” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Abercrombie & Fitch in a research report on Friday, September 22nd. Jefferies Group restated a “hold” rating and issued a $12.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday, September 28th. Argus upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, JPMorgan Chase & Co. cut shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $12.00 to $10.00 in a research report on Wednesday, November 1st.
Several hedge funds have recently made changes to their positions in ANF. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $114,000. Lorber David A acquired a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at $126,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Abercrombie & Fitch in the 3rd quarter valued at $133,000. Suntrust Banks Inc. grew its holdings in shares of Abercrombie & Fitch by 3.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after buying an additional 492 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in shares of Abercrombie & Fitch in the 2nd quarter valued at $170,000. 99.34% of the stock is owned by institutional investors.
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 consensus estimate of $0.24 by $0.06. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. During the same quarter in the previous year, the company posted $0.02 EPS. Abercrombie & Fitch’s revenue was up 4.6% on a year-over-year basis. analysts expect that Abercrombie & Fitch will post 0.09 earnings per share for the current fiscal year.
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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.
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