Abercrombie & Fitch (ANF) Price Target Increased to $22.00 by Analysts at B. Riley
Abercrombie & Fitch (NYSE:ANF) had its price target lifted by B. Riley from $20.00 to $22.00 in a research note released on Tuesday. They currently have a neutral rating on the apparel retailer’s stock. B. Riley also issued estimates for Abercrombie & Fitch’s Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $0.30 EPS, Q1 2019 earnings at ($0.65) EPS, Q2 2019 earnings at ($0.14) EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.98 EPS and FY2019 earnings at $0.44 EPS.
A number of other analysts have also recently commented on ANF. Royal Bank of Canada set a $24.00 price target on Abercrombie & Fitch and gave the stock a hold rating in a research report on Wednesday, January 24th. Telsey Advisory Group boosted their price objective on Abercrombie & Fitch from $12.00 to $17.00 and gave the company a market perform rating in a report on Monday, November 20th. BMO Capital Markets set a $22.00 price objective on Abercrombie & Fitch and gave the company a hold rating in a report on Tuesday, January 23rd. Jefferies Group reissued a hold rating on shares of Abercrombie & Fitch in a report on Wednesday, January 24th. Finally, TheStreet raised Abercrombie & Fitch from a d+ rating to a c- rating in a report on Friday, November 24th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Abercrombie & Fitch has a consensus rating of Hold and an average target price of $15.46.
Shares of Abercrombie & Fitch (NYSE ANF) opened at $20.68 on Tuesday. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $23.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 2.08. The company has a market capitalization of $1,381.10, a PE ratio of 156.00, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANF. Contrarius Investment Management Ltd acquired a new position in Abercrombie & Fitch in the 3rd quarter worth about $15,040,000. Millennium Management LLC raised its holdings in Abercrombie & Fitch by 968.7% in the 4th quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock worth $19,601,000 after purchasing an additional 1,019,343 shares during the period. Renaissance Technologies LLC acquired a new position in Abercrombie & Fitch in the 4th quarter worth about $12,907,000. FrontFour Capital Group LLC acquired a new position in Abercrombie & Fitch in the 3rd quarter worth about $7,816,000. Finally, BlackRock Inc. raised its holdings in Abercrombie & Fitch by 5.8% in the 4th quarter. BlackRock Inc. now owns 8,868,479 shares of the apparel retailer’s stock worth $154,577,000 after purchasing an additional 485,775 shares during the period. 99.46% of the stock is 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.
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