Abercrombie & Fitch Company (ANF) Stock Rating Reaffirmed by Robert W. Baird
Abercrombie & Fitch Company (NYSE:ANF)‘s stock had its “neutral” rating reissued by analysts at Robert W. Baird in a research note issued on Friday. They presently have a $15.00 target price on the apparel retailer’s stock, up from their previous target price of $13.00. Robert W. Baird’s price target would suggest a potential upside of 5.19% from the company’s current price.
ANF has been the subject of several other reports. Zacks Investment Research raised shares of Abercrombie & Fitch from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Abercrombie & Fitch in a research note on Tuesday, September 5th. ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada raised shares of Abercrombie & Fitch from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from $12.00 to $14.00 in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of Abercrombie & Fitch from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Abercrombie & Fitch currently has an average rating of “Hold” and an average price target of $12.48.
Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Thursday, August 24th. The apparel retailer reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.17. Abercrombie & Fitch had a negative net margin of 0.62% and a negative return on equity of 0.79%. The business had revenue of $779.00 million during the quarter, compared to analyst estimates of $758.57 million. During the same period in the prior year, the business posted ($0.25) earnings per share. The company’s revenue was down .5% on a year-over-year basis.
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Large investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $114,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Abercrombie & Fitch during the first quarter valued at approximately $149,000. Suntrust Banks Inc. grew its holdings in shares of Abercrombie & Fitch by 7.9% during the first quarter. Suntrust Banks Inc. now owns 12,765 shares of the apparel retailer’s stock valued at $152,000 after buying an additional 931 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Abercrombie & Fitch by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 13,427 shares of the apparel retailer’s stock valued at $167,000 after buying an additional 5,957 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $170,000. Hedge funds and other institutional investors own 98.47% of the company’s stock.
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.
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