Jefferies Group Boosts Abercrombie & Fitch (ANF) Price Target to $17.00

Abercrombie & Fitch (NYSE:ANF) had its price objective raised by Jefferies Group from $14.00 to $17.00 in a research report report published on Monday, Marketbeat.com reports. The brokerage currently has a hold rating on the apparel retailer’s stock.

ANF has been the topic of several other reports. Royal Bank of Canada raised Abercrombie & Fitch from an underperform rating to a sector perform rating and upped their price target for the company from $12.00 to $14.00 in a research report on Thursday, August 31st. Zacks Investment Research lowered Abercrombie & Fitch from a buy rating to a hold rating in a research report on Friday, October 27th. Standpoint Research lowered Abercrombie & Fitch from an outperform rating to a hold rating in a research report on Friday, November 17th. ValuEngine raised Abercrombie & Fitch from a sell rating to a hold rating in a research report on Friday, November 17th. Finally, J P Morgan Chase & Co lowered Abercrombie & Fitch from a neutral rating to an underweight rating and dropped their target price for the stock from $12.00 to $10.00 in a research report on Wednesday, November 1st. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $13.13.

Shares of Abercrombie & Fitch (NYSE ANF) opened at $17.88 on Monday. Abercrombie & Fitch has a fifty-two week low of $8.81 and a fifty-two week high of $18.44. The company has a market capitalization of $1,214.26, a price-to-earnings ratio of 137.15, a PEG ratio of 11.85 and a beta of 0.96. 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 (NYSE:ANF) last announced its earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. Abercrombie & Fitch’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 earnings per share. sell-side analysts anticipate that Abercrombie & Fitch will post 0.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, December 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Thursday, November 30th. Abercrombie & Fitch’s dividend payout ratio is -285.70%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in Abercrombie & Fitch by 1.8% during the 1st quarter. Teachers Advisors LLC now owns 119,411 shares of the apparel retailer’s stock valued at $1,425,000 after purchasing an additional 2,110 shares during the period. Renaissance Technologies LLC bought a new stake in Abercrombie & Fitch during the 1st quarter valued at approximately $431,000. Aperio Group LLC boosted its stake in Abercrombie & Fitch by 11.8% during the 2nd quarter. Aperio Group LLC now owns 59,865 shares of the apparel retailer’s stock valued at $745,000 after purchasing an additional 6,307 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Abercrombie & Fitch by 27.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 43,380 shares of the apparel retailer’s stock valued at $540,000 after purchasing an additional 9,460 shares during the period. Finally, Texas Permanent School Fund boosted its stake in Abercrombie & Fitch by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 49,644 shares of the apparel retailer’s stock valued at $618,000 after purchasing an additional 646 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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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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