Abercrombie & Fitch Co. (ANF) Given a $18.00 Price Target at Deutsche Bank AG
Deutsche Bank AG set a $18.00 target price on Abercrombie & Fitch Co. (NYSE:ANF) in a research note published on Tuesday morning. The brokerage currently has a a hold rating on the apparel retailer’s stock.
Other analysts have also recently issued research reports about the company. Vetr raised Abercrombie & Fitch Co. from a hold rating to a buy rating and set a $19.03 price target for the company in a research report on Monday, June 27th. Jefferies Group reaffirmed a buy rating and set a $35.00 price target on shares of Abercrombie & Fitch Co. in a research report on Thursday, July 14th. Standpoint Research raised Abercrombie & Fitch Co. from a hold rating to a buy rating in a research report on Tuesday, August 30th. Zacks Investment Research raised Abercrombie & Fitch Co. from a strong sell rating to a hold rating in a research report on Wednesday, July 27th. Finally, Argus reaffirmed a hold rating on shares of Abercrombie & Fitch Co. in a research report on Monday, June 27th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Abercrombie & Fitch Co. currently has an average rating of Hold and an average price target of $22.22.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 0.32% during trading on Tuesday, hitting $15.44. The stock had a trading volume of 1,390,327 shares. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 22.71 and a beta of 1.45. Abercrombie & Fitch Co. has a 52-week low of $15.14 and a 52-week high of $32.83. The firm’s 50-day moving average price is $16.62 and its 200-day moving average price is $21.01.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings data on Tuesday, August 30th. The apparel retailer reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.05. The business earned $783.20 million during the quarter, compared to analyst estimates of $782.64 million. Abercrombie & Fitch Co. had a return on equity of 3.98% and a net margin of 1.36%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. Analysts predict that Abercrombie & Fitch Co. will post $0.50 EPS for the current fiscal year.
In related news, insider Bonadies Fran Horowitz acquired 15,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average price of $17.32 per share, with a total value of $259,800.00. Following the completion of the transaction, the insider now owns 44,701 shares of the company’s stock, valued at $774,221.32. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Craig R. Stapleton acquired 10,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were bought at an average cost of $17.65 per share, for a total transaction of $176,500.00. Following the transaction, the director now directly owns 57,398 shares of the company’s stock, valued at approximately $1,013,074.70. The disclosure for this purchase can be found here. Insiders own 0.85% of the company’s stock.
Several hedge funds have recently bought and sold shares of ANF. Quantbot Technologies LP bought a new stake in Abercrombie & Fitch Co. during the second quarter worth $139,000. Macquarie Group Ltd. acquired a new position in Abercrombie & Fitch Co. during the second quarter valued at approximately $169,000. Teacher Retirement System of Texas raised its position in Abercrombie & Fitch Co. by 12.4% in the second quarter. Teacher Retirement System of Texas now owns 9,546 shares of the apparel retailer’s stock valued at $170,000 after buying an additional 1,053 shares during the period. Nisa Investment Advisors LLC acquired a new position in Abercrombie & Fitch Co. during the second quarter valued at approximately $178,000. Finally, Legacy Private Trust Co. acquired a new position in Abercrombie & Fitch Co. during the third quarter valued at approximately $207,000.
About Abercrombie & Fitch Co.
Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells products, including casual sportswear apparel, including knit tops and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands.
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