Abercrombie & Fitch Company (ANF) Price Target Raised to $16.00 at BMO Capital Markets

Abercrombie & Fitch Company (NYSE:ANF) had its target price lifted by research analysts at BMO Capital Markets from $12.00 to $16.00 in a research note issued on Friday. The firm presently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ target price would suggest a potential upside of 2.89% from the stock’s previous close.

Other analysts also recently issued reports about the stock. B. Riley reiterated a “neutral” rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 1st. William Blair reissued an “outperform” rating on shares of Abercrombie & Fitch in a research note on Tuesday, September 5th. Citigroup Inc. raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a research note on Friday, August 25th. FBR & Co lowered their target price on Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, August 15th. Finally, ValuEngine raised Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.88.

Abercrombie & Fitch (NYSE ANF) traded up $3.00 during trading on Friday, reaching $15.55. 18,463,700 shares of the company’s stock were exchanged, compared to its average volume of 3,579,543. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch has a 52 week low of $8.81 and a 52 week high of $16.36. The firm has a market cap of $1,058.75, a P/E ratio of 119.61, a PEG ratio of 296.19 and a beta of 0.76.

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.

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Institutional investors have recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI grew its position in Abercrombie & Fitch by 44.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 336,947 shares of the apparel retailer’s stock valued at $4,192,000 after acquiring an additional 104,009 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Abercrombie & Fitch by 16.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,211,060 shares of the apparel retailer’s stock worth $17,489,000 after purchasing an additional 170,852 shares during the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Abercrombie & Fitch during the second quarter worth about $18,038,000. Smith Graham & Co. Investment Advisors LP grew its holdings in shares of Abercrombie & Fitch by 18.8% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 332,292 shares of the apparel retailer’s stock worth $4,798,000 after purchasing an additional 52,650 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Abercrombie & Fitch by 22.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 535,177 shares of the apparel retailer’s stock worth $6,658,000 after purchasing an additional 99,563 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

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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