Abercrombie & Fitch (ANF) Given a $24.00 Price Target at Royal Bank of Canada

Abercrombie & Fitch (NYSE:ANF) received a $24.00 price target from equities research analysts at Royal Bank of Canada in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 8.06% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. B. Riley reaffirmed a “neutral” rating on shares of Abercrombie & Fitch in a research note on Wednesday, November 1st. Wolfe Research raised their price target on Abercrombie & Fitch from $9.00 to $13.00 and gave the company an “underperform” rating in a report on Monday, November 20th. BMO Capital Markets set a $22.00 price target on Abercrombie & Fitch and gave the company a “hold” rating in a report on Tuesday, January 23rd. Robert W. Baird reaffirmed a “hold” rating on shares of Abercrombie & Fitch in a report on Tuesday, January 23rd. Finally, Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, November 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.94.

Shares of Abercrombie & Fitch (ANF) traded up $0.70 during trading hours on Wednesday, hitting $22.21. 1,887,041 shares of the company were exchanged, compared to its average volume of 2,460,000. The firm 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 quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $23.53.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Lorber David A bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth $126,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $114,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter valued at about $133,000. Suntrust Banks Inc. raised 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 acquiring an additional 492 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at about $170,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.

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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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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