Abercrombie & Fitch Co. (NYSE:ANF) Receives Consensus Rating of “Buy” from Brokerages

Abercrombie & Fitch Co. (NYSE:ANF) has received an average recommendation of “Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $16.13.

Several analysts have commented on ANF shares. Morgan Stanley lowered their price objective on shares of Abercrombie & Fitch from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. TheStreet lowered shares of Abercrombie & Fitch from a “c” rating to a “d+” rating in a report on Thursday, May 28th. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of Abercrombie & Fitch in a report on Friday, May 29th. Royal Bank of Canada lifted their target price on shares of Abercrombie & Fitch from $11.00 to $13.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Finally, ValuEngine upgraded shares of Abercrombie & Fitch from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 24th.

ANF traded down $0.23 on Tuesday, hitting $9.63. The company had a trading volume of 2,859,397 shares, compared to its average volume of 2,317,600. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.32 and a quick ratio of 0.88. Abercrombie & Fitch has a 52-week low of $7.41 and a 52-week high of $19.18. The stock has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $12.18. The firm has a market capitalization of $593.19 million, a P/E ratio of -3.22 and a beta of 1.36.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Thursday, May 28th. The apparel retailer reported ($3.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.39) by ($1.90). Abercrombie & Fitch had a negative return on equity of 14.29% and a negative net margin of 5.50%. The company had revenue of $485.36 million during the quarter, compared to analysts’ expectations of $535.33 million. During the same quarter last year, the business earned ($0.29) earnings per share. The business’s quarterly revenue was down 33.9% on a year-over-year basis. Equities research analysts expect that Abercrombie & Fitch will post -2.82 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its position in shares of Abercrombie & Fitch by 68.4% during the first quarter. Valeo Financial Advisors LLC now owns 8,562 shares of the apparel retailer’s stock valued at $91,000 after acquiring an additional 3,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Abercrombie & Fitch by 193.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,447 shares of the apparel retailer’s stock valued at $111,000 after acquiring an additional 6,885 shares in the last quarter. Parametrica Management Ltd bought a new stake in shares of Abercrombie & Fitch during the first quarter valued at approximately $114,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $119,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Abercrombie & Fitch by 28.9% during the first quarter. PNC Financial Services Group Inc. now owns 13,128 shares of the apparel retailer’s stock valued at $120,000 after acquiring an additional 2,945 shares in the last quarter. 99.90% of the stock is owned by institutional investors.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, personal care products, intimates, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brands.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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