Abercrombie & Fitch (NYSE:ANF) Given New $16.00 Price Target at BMO Capital Markets

Abercrombie & Fitch (NYSE:ANF) had its target price increased by research analysts at BMO Capital Markets from $12.00 to $16.00 in a research note issued to investors on Friday, November 17th. The firm currently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ price objective points to a potential downside of 9.35% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. B. Riley reiterated a “neutral” rating on shares of Abercrombie & Fitch in a research report on Wednesday, November 1st. William Blair reiterated an “outperform” rating on shares of Abercrombie & Fitch in a research report on Tuesday, September 5th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a research report on Friday, August 25th. FBR & Co dropped their price target on shares of Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 15th. Finally, ValuEngine upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned 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 price target of $12.98.

Abercrombie & Fitch (NYSE ANF) traded up $0.51 during trading hours on Friday, reaching $17.65. 3,602,330 shares of the company were exchanged, compared to its average volume of 3,614,003. 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 has a 1-year low of $8.81 and a 1-year high of $18.44. The company has a market capitalization of $1,177.48, a price-to-earnings ratio of 133.00, a price-to-earnings-growth ratio of 11.49 and a beta of 0.96.

Abercrombie & Fitch (NYSE:ANF) last released 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. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm had revenue of $859.10 million for the quarter, compared to analyst estimates of $818.41 million. During the same period last year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. analysts anticipate that Abercrombie & Fitch will post 0.11 EPS for the current fiscal year.

Several large investors have recently modified their holdings of ANF. Commerzbank Aktiengesellschaft FI lifted its holdings in Abercrombie & Fitch by 44.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 336,947 shares of the apparel retailer’s stock valued at $4,192,000 after purchasing an additional 104,009 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Abercrombie & Fitch by 16.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,211,060 shares of the apparel retailer’s stock valued at $17,489,000 after purchasing an additional 170,852 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Abercrombie & Fitch during the second quarter valued at about $18,038,000. Smith Graham & Co. Investment Advisors LP lifted its holdings in Abercrombie & Fitch by 18.8% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 332,292 shares of the apparel retailer’s stock valued at $4,798,000 after purchasing an additional 52,650 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Abercrombie & Fitch by 22.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 535,177 shares of the apparel retailer’s stock valued at $6,658,000 after purchasing an additional 99,563 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

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Abercrombie & Fitch Company Profile

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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