Abercrombie & Fitch (NYSE:ANF) had its price objective boosted by analysts at Jefferies Group from $14.00 to $17.00 in a note issued to investors on Monday, December 18th, MarketBeat reports. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Jefferies Group’s target price would suggest a potential downside of 10.90% from the company’s current price.
Several other brokerages have also commented on ANF. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup reiterated a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of Abercrombie & Fitch in a research note on Monday, November 20th. Telsey Advisory Group lifted their target price on Abercrombie & Fitch from $12.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday, November 20th. Robert W. Baird set a $16.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a research note on Saturday, November 18th. Finally, Argus upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Seven equities research 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 company. The stock has a consensus rating of “Hold” and an average target price of $13.13.
Abercrombie & Fitch (ANF) traded up $0.80 during mid-day trading on Monday, hitting $19.08. 2,310,000 shares of the company were exchanged, compared to its average volume of 2,590,000. The stock has a market capitalization of $1,300.00, a price-to-earnings ratio of -65.79, a PEG ratio of 12.15 and a beta of 0.96. Abercrombie & Fitch has a 1 year low of $8.81 and a 1 year high of $19.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 2.08.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Abercrombie & Fitch by 9.3% during the second quarter. Vanguard Group Inc. now owns 6,643,799 shares of the apparel retailer’s stock worth $82,650,000 after purchasing an additional 567,021 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Abercrombie & Fitch by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,729,055 shares of the apparel retailer’s stock valued at $71,270,000 after buying an additional 42,983 shares in the last quarter. State Street Corp grew its holdings in Abercrombie & Fitch by 1.7% in the 2nd quarter. State Street Corp now owns 3,353,884 shares of the apparel retailer’s stock valued at $41,718,000 after buying an additional 56,484 shares in the last quarter. Paradice Investment Management LLC grew its holdings in Abercrombie & Fitch by 19.2% in the 3rd quarter. Paradice Investment Management LLC now owns 2,538,661 shares of the apparel retailer’s stock valued at $36,658,000 after buying an additional 408,269 shares in the last quarter. Finally, Quinn Opportunity Partners LLC grew its holdings in Abercrombie & Fitch by 71.9% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 1,624,979 shares of the apparel retailer’s stock valued at $20,215,000 after buying an additional 679,745 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.
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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.
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