Abercrombie & Fitch Company (NYSE:ANF) PT Set at $14.00 by BMO Capital Markets
BMO Capital Markets set a $14.00 price objective on Abercrombie & Fitch Company (NYSE:ANF) in a research note released on Tuesday morning. The brokerage currently has a hold rating on the apparel retailer’s stock.
A number of other research firms have also recently issued reports on ANF. Wunderlich cut shares of Abercrombie & Fitch from a hold rating to a sell rating and set a $12.00 price objective on the stock. in a research report on Thursday, May 11th. Vetr cut shares of Abercrombie & Fitch from a hold rating to a sell rating in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of Abercrombie & Fitch from a strong sell rating to a hold rating in a research report on Friday, May 12th. Telsey Advisory Group boosted their price target on shares of Abercrombie & Fitch from $13.00 to $15.00 and gave the company a market perform rating in a research report on Friday, May 26th. Finally, FBR & Co reiterated a hold rating and set a $13.00 price target on shares of Abercrombie & Fitch in a research report on Friday, May 26th. Eleven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $13.85.
Shares of Abercrombie & Fitch (NYSE:ANF) traded down 2.783% during mid-day trading on Tuesday, reaching $9.955. 643,480 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $10.77 and a 200-day moving average price of $11.76. The stock’s market cap is $677.10 million. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $23.29.
Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Thursday, May 25th. The apparel retailer reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by $0.21. Abercrombie & Fitch had a negative net margin of 0.55% and a negative return on equity of 1.26%. The firm had revenue of $661.10 million during the quarter, compared to analysts’ expectations of $651.25 million. During the same quarter in the previous year, the firm posted ($0.53) EPS. Abercrombie & Fitch’s revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that Abercrombie & Fitch will post ($0.30) EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Abercrombie & Fitch by 43,958.0% in the first quarter. BlackRock Inc. now owns 8,373,671 shares of the apparel retailer’s stock valued at $99,898,000 after buying an additional 8,354,665 shares during the last quarter. Norges Bank bought a new position in Abercrombie & Fitch during the fourth quarter valued at $12,227,000. Victory Capital Management Inc. bought a new position in Abercrombie & Fitch during the second quarter valued at $10,138,000. Great West Life Assurance Co. Can boosted its position in Abercrombie & Fitch by 507.5% in the second quarter. Great West Life Assurance Co. Can now owns 584,358 shares of the apparel retailer’s stock valued at $7,277,000 after buying an additional 488,167 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Abercrombie & Fitch by 151.7% in the first quarter. BNP Paribas Arbitrage SA now owns 711,834 shares of the apparel retailer’s stock valued at $8,492,000 after buying an additional 428,968 shares during the last quarter.
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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