Abercrombie & Fitch Company (ANF) PT Set at $14.00 by Jefferies Group LLC

Abercrombie & Fitch Company (NYSE:ANF) has been given a $14.00 price objective by research analysts at Jefferies Group LLC in a research note issued on Friday. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 9.97% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Abercrombie & Fitch in a research note on Wednesday, November 1st. J P Morgan Chase & Co cut shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $12.00 to $10.00 in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Argus upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reiterated a “neutral” rating and set a $15.00 price target (up previously from $13.00) on shares of Abercrombie & Fitch in a research note on Friday, September 22nd. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.56.

Shares of Abercrombie & Fitch (NYSE ANF) traded up $3.00 during trading hours on Friday, reaching $15.55. 18,413,120 shares of the company were exchanged, compared to its average volume of 2,390,848. The firm has a market cap of $1,058.75, a PE ratio of 119.62, a P/E/G ratio of 296.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.21 and a current ratio of 2.16. Abercrombie & Fitch has a 12-month low of $8.81 and a 12-month high of $16.36.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. The firm had revenue of $859.10 million during the quarter, compared to analysts’ expectations of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. Abercrombie & Fitch’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS.

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A number of large investors have recently bought and sold shares of the business. Lorber David A purchased a new position in Abercrombie & Fitch during the 3rd quarter valued at about $126,000. FrontFour Capital Group LLC purchased a new stake in shares of Abercrombie & Fitch during the third quarter worth about $7,816,000. Sterling Capital Management LLC purchased a new stake in shares of Abercrombie & Fitch during the third quarter worth about $969,000. California Public Employees Retirement System grew its holdings in shares of Abercrombie & Fitch by 22.3% during the third quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock worth $8,796,000 after buying an additional 111,171 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Abercrombie & Fitch by 82.2% during the third quarter. Cubist Systematic Strategies LLC now owns 36,091 shares of the apparel retailer’s stock worth $521,000 after buying an additional 16,278 shares in the last quarter. Hedge funds and other institutional investors own 98.51% 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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