Abercrombie & Fitch Co. (ANF) Given Average Recommendation of “Hold” by Brokerages

Abercrombie & Fitch Co. (NYSE:ANF) has been assigned a consensus recommendation of “Hold” from the twenty-eight brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.67.

ANF has been the topic of several analyst reports. B. Riley reaffirmed a “neutral” rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 1st. Royal Bank of Canada set a $24.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Wednesday, January 24th. Jefferies Group reaffirmed a “hold” rating on shares of Abercrombie & Fitch in a research report on Wednesday, January 24th. BMO Capital Markets set a $22.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 23rd.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Abercrombie & Fitch by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 226,169 shares of the apparel retailer’s stock worth $3,943,000 after acquiring an additional 8,338 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of Abercrombie & Fitch by 1,132.8% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 114,060 shares of the apparel retailer’s stock worth $1,988,000 after acquiring an additional 104,808 shares during the period. Swiss National Bank increased its position in shares of Abercrombie & Fitch by 4.5% during the fourth quarter. Swiss National Bank now owns 115,900 shares of the apparel retailer’s stock worth $2,020,000 after acquiring an additional 5,000 shares during the period. California Public Employees Retirement System increased its position in shares of Abercrombie & Fitch by 8.4% during the fourth quarter. California Public Employees Retirement System now owns 660,045 shares of the apparel retailer’s stock worth $11,505,000 after acquiring an additional 50,874 shares during the period. Finally, Glassman Wealth Services purchased a new stake in shares of Abercrombie & Fitch during the fourth quarter worth $122,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Abercrombie & Fitch (NYSE:ANF) opened at $20.13 on Friday. The firm has a market capitalization of $1,370.00, a P/E ratio of -69.41, a PEG ratio of 2.78 and a beta of 1.10. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $23.53. 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 issued its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The business had revenue of $859.10 million for the quarter, compared to analysts’ expectations of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. research analysts predict that Abercrombie & Fitch will post 0.4 earnings per share for the current year.

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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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