Abercrombie & Fitch (ANF) Upgraded to Buy at Argus

Abercrombie & Fitch (NYSE:ANF) was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports. The brokerage presently has a $25.00 price target on the apparel retailer’s stock, up from their previous price target of $18.95. Argus’ price target indicates a potential upside of 25.50% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other brokerages have also recently commented on ANF. JPMorgan Chase & Co. cut shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $12.00 to $10.00 in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Jefferies Group boosted their price target on shares of Abercrombie & Fitch from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, December 18th. BMO Capital Markets boosted their price target on shares of Abercrombie & Fitch from $12.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, November 17th. Finally, Bank of America set a $9.00 price target on shares of Abercrombie & Fitch and gave the stock a “sell” rating in a research report on Monday, November 20th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.67.

Abercrombie & Fitch (NYSE ANF) traded up $0.97 on Friday, reaching $19.92. 2,789,508 shares of the company traded hands, compared to its average volume of 2,220,000. The company has a market cap of $1,360.00, a PE ratio of -68.69, a P/E/G ratio of 15.92 and a beta of 0.96. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $20.08. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $859.10 million for 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 revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. equities research analysts predict that Abercrombie & Fitch will post 0.09 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of ANF. Schwab Charles Investment Management Inc. raised its holdings in shares of Abercrombie & Fitch by 22.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 535,177 shares of the apparel retailer’s stock valued at $6,658,000 after purchasing an additional 99,563 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Abercrombie & Fitch by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 517,187 shares of the apparel retailer’s stock valued at $6,434,000 after purchasing an additional 2,805 shares during the period. Franklin Resources Inc. raised its holdings in shares of Abercrombie & Fitch by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock valued at $2,850,000 after purchasing an additional 591 shares during the period. Teachers Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 3.6% in the 2nd quarter. Teachers Advisors LLC now owns 123,667 shares of the apparel retailer’s stock valued at $1,538,000 after purchasing an additional 4,256 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Abercrombie & Fitch by 2.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 214,721 shares of the apparel retailer’s stock valued at $2,671,000 after purchasing an additional 4,241 shares during the period. 99.34% of the stock is currently owned by institutional investors.

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About Abercrombie & Fitch

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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