Abercrombie & Fitch (ANF) Given a $14.00 Price Target by Jefferies Group Analysts

Abercrombie & Fitch (NYSE:ANF) has been given a $14.00 price objective by Jefferies Group in a note issued to investors on Friday, November 17th. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Jefferies Group’s price objective indicates a potential downside of 19.03% from the company’s previous close.

A number of other equities research analysts also recently issued reports on ANF. B. Riley restated a “neutral” rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Abercrombie & Fitch from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BMO Capital Markets set a $14.00 price target on Abercrombie & Fitch and gave the stock a “hold” rating in a report on Tuesday, August 8th. FBR & Co reduced their price target on Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, August 15th. Finally, Telsey Advisory Group increased their price target on Abercrombie & Fitch from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Friday, August 25th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.98.

Shares of Abercrombie & Fitch (NYSE:ANF) opened at $17.29 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.07. The company has a market capitalization of $1,180.00, a PE ratio of 133.62, a P/E/G ratio of 11.54 and a beta of 0.96. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $18.44.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The business had revenue of $859.10 million for the quarter, compared to the consensus estimate of $818.41 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts anticipate that Abercrombie & Fitch will post 0.11 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Abercrombie & Fitch by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock valued at $345,000 after purchasing an additional 100 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Abercrombie & Fitch by 0.5% during the 2nd quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock valued at $397,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Abercrombie & Fitch by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock valued at $442,000 after purchasing an additional 200 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after purchasing an additional 492 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Abercrombie & Fitch by 0.3% during 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 last quarter. Hedge funds and other institutional investors own 99.31% 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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