Robert W. Baird Analysts Give Abercrombie & Fitch Company (ANF) a $16.00 Price Target

Abercrombie & Fitch Company (NYSE:ANF) has been given a $16.00 price objective by Robert W. Baird in a report issued on Saturday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Robert W. Baird’s target price suggests a potential upside of 2.89% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. William Blair reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research note on Friday, August 25th. Citigroup Inc. raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $16.00 in a research note on Friday, August 25th. Jefferies Group LLC set a $12.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Friday, August 25th. BMO Capital Markets set a $14.00 price target on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.61.

Shares of Abercrombie & Fitch (NYSE:ANF) traded up $3.00 during trading on Friday, hitting $15.55. 18,413,120 shares of the stock were exchanged, compared to its average volume of 3,234,831. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $16.36. 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 cap of $1,058.75, a P/E ratio of 119.61, a PEG ratio of 296.19 and a beta of 0.76.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The business had revenue of $859.10 million during the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS.

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Several institutional investors have recently added to or reduced their stakes in the business. Lorber David A bought a new position in shares of Abercrombie & Fitch during the third quarter valued at about $126,000. FrontFour Capital Group LLC bought a new position in shares of Abercrombie & Fitch during the third quarter valued at about $7,816,000. Sterling Capital Management LLC bought a new position in shares of Abercrombie & Fitch during the third quarter valued at about $969,000. California Public Employees Retirement System lifted its position in shares of Abercrombie & Fitch by 22.3% during the third quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock valued at $8,796,000 after purchasing an additional 111,171 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Abercrombie & Fitch by 82.2% during the third quarter. Cubist Systematic Strategies LLC now owns 36,091 shares of the apparel retailer’s stock valued at $521,000 after purchasing an additional 16,278 shares in the last quarter. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

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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