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

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.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping 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%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. research analysts anticipate that Abercrombie & Fitch will post 0.11 EPS for the current fiscal year.

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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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