Abercrombie & Fitch (ANF) Given New $24.00 Price Target at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF) had its price objective raised by equities research analysts at Telsey Advisory Group from $17.00 to $24.00 in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 8.06% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Citigroup restated a “buy” rating and set a $18.00 price target (up from $16.00) on shares of Abercrombie & Fitch in a research note on Monday, November 20th. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, November 21st. Argus upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and boosted their price target for the company from $18.95 to $25.00 in a research note on Friday, January 19th. They noted that the move was a valuation call. TheStreet upgraded Abercrombie & Fitch from a “d+” rating to a “c-” rating in a research note on Friday, November 24th. Finally, B. Riley set a $11.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Monday, November 20th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Abercrombie & Fitch has a consensus rating of “Hold” and a consensus price target of $14.94.

Abercrombie & Fitch (NYSE:ANF) traded up $0.70 during midday trading on Tuesday, reaching $22.21. The company had a trading volume of 1,887,041 shares, compared to its average volume of 2,460,000. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $23.53. The company has a market cap of $1,510.00, a P/E ratio of -76.59, a price-to-earnings-growth ratio of 3.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.07.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The business had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. equities research analysts anticipate that Abercrombie & Fitch will post 0.4 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Abercrombie & Fitch by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock valued at $82,650,000 after acquiring an additional 567,021 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Abercrombie & Fitch by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer’s stock valued at $71,270,000 after acquiring an additional 42,983 shares during the period. State Street Corp grew its stake in shares of Abercrombie & Fitch by 1.7% during the 2nd quarter. State Street Corp now owns 3,353,884 shares of the apparel retailer’s stock valued at $41,718,000 after acquiring an additional 56,484 shares during the period. Paradice Investment Management LLC grew its stake in shares of Abercrombie & Fitch by 19.2% during the 3rd quarter. Paradice Investment Management LLC now owns 2,538,661 shares of the apparel retailer’s stock valued at $36,658,000 after acquiring an additional 408,269 shares during the period. Finally, Southpoint Capital Advisors LP bought a new position in shares of Abercrombie & Fitch during the 2nd quarter valued at approximately $18,038,000. Institutional investors own 99.19% of the company’s stock.

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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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