Abercrombie & Fitch (NYSE: ANF)‘s stock had its “buy” rating reiterated by investment analysts at Janney Montgomery Scott in a note issued to investors on Wednesday. They currently have a $62.00 target price on the stock.

Abercrombie & Fitch traded up 2.58% on Wednesday, hitting $49.72. Abercrombie & Fitch has a 52-week low of $28.64 and a 52-week high of $54.10. The stock’s 50-day moving average is currently $49.16. The company has a market cap of $3.925 billion and a price-to-earnings ratio of 15.34.

Abercrombie & Fitch last announced its earnings results on Friday, February 22nd. The company reported $2.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.96 by $0.25. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company posted $1.12 earnings per share. Abercrombie & Fitch’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Abercrombie & Fitch will post $3.50 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at EVA Dimensions downgraded shares of Abercrombie & Fitch to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Abercrombie & Fitch in a research note to investors on Friday, March 8th. They now have a $45.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Abercrombie & Fitch in a research note to investors on Wednesday, February 27th. They now have a $48.00 price target on the stock.

Fourteen investment analysts have rated the stock with a buy rating, two have issued an overweight rating, and seventeen have issued a hold rating to the company. The company presently has an average rating of “overweight” and an average price target of $53.17.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 19th. Shareholders of record on Monday, March 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, February 28th. This is a positive change from Abercrombie & Fitch’s previous quarterly dividend of $0.18.

Abercrombie & Fitch Co (A&F), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.

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