Abercrombie & Fitch Co. (ANF) Given Average Recommendation of “Hold” by Analysts

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have been given an average rating of “Hold” by the twenty-eight research firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.67.

A number of equities analysts recently issued reports on the company. B. Riley restated a “neutral” rating on shares of Abercrombie & Fitch in a research note on Wednesday, November 1st. Royal Bank of Canada set a $24.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Jefferies Group restated a “hold” rating on shares of Abercrombie & Fitch in a research note on Wednesday, January 24th. BMO Capital Markets set a $22.00 target price on Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird restated a “hold” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 23rd.

Several large investors have recently bought and sold shares of ANF. Contrarius Investment Management Ltd acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at about $15,040,000. Vanguard Group Inc. grew its position 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. FrontFour Capital Group LLC acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at about $7,816,000. Paradice Investment Management LLC grew its position 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, DekaBank Deutsche Girozentrale acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter valued at about $3,637,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Shares of Abercrombie & Fitch (NYSE ANF) opened at $20.13 on Friday. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $23.53. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1,370.00, a price-to-earnings ratio of -69.41, a PEG ratio of 2.78 and a beta of 1.10.

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

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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