Abercrombie & Fitch (NYSE:ANF)‘s stock had its “neutral” rating reissued by equities researchers at Nomura in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $19.00 price target on the apparel retailer’s stock, up from their prior price target of $17.00. Nomura’s price target would suggest a potential downside of 15.10% from the company’s previous close.
A number of other equities research analysts also recently weighed in on ANF. Robert W. Baird restated a “neutral” rating on shares of Abercrombie & Fitch in a research note on Thursday, March 8th. B. Riley restated a “neutral” rating and issued a $24.00 price target (up from $22.00) on shares of Abercrombie & Fitch in a research note on Thursday, March 8th. Royal Bank of Canada set a $27.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Wednesday, March 7th. BMO Capital Markets restated a “market perform” rating on shares of Abercrombie & Fitch in a research note on Thursday, March 8th. Finally, Jefferies Group set a $24.00 target price on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.57.
Abercrombie & Fitch (ANF) traded up $0.23 on Tuesday, hitting $22.38. 304,074 shares of the stock were exchanged, compared to its average volume of 2,847,569. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $24.52. The company has a current ratio of 2.49, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1,530.00, a P/E ratio of 64.14, a P/E/G ratio of 2.40 and a beta of 1.05.
In other Abercrombie & Fitch news, Director Arthur C. Martinez sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $23.72, for a total transaction of $474,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new position in Abercrombie & Fitch during the 3rd quarter worth approximately $619,000. Gagnon Securities LLC bought a new position in Abercrombie & Fitch during the 3rd quarter worth approximately $350,000. FrontFour Capital Group LLC bought a new position in Abercrombie & Fitch during the 3rd quarter worth approximately $7,816,000. Systematic Financial Management LP raised its holdings in Abercrombie & Fitch by 11.4% during the 4th quarter. Systematic Financial Management LP now owns 641,853 shares of the apparel retailer’s stock worth $11,187,000 after purchasing an additional 65,834 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Abercrombie & Fitch during the 3rd quarter worth approximately $528,000. Hedge funds and other institutional investors own 99.46% 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.
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