Abercrombie & Fitch (ANF) Lifted to Buy at Argus

Abercrombie & Fitch (NYSE:ANF) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued reports about the company. Citigroup reissued a “buy” rating and issued a $18.00 price target (up from $16.00) on shares of Abercrombie & Fitch in a research report on Monday, November 20th. Zacks Investment Research upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, November 21st. TheStreet upgraded Abercrombie & Fitch from a “d+” rating to a “c-” rating in a research note on Friday, November 24th. ValuEngine upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Finally, Standpoint Research downgraded Abercrombie & Fitch from an “outperform” rating to a “hold” rating in a research note on Friday, November 17th. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Abercrombie & Fitch currently has an average rating of “Hold” and a consensus price target of $13.13.

Shares of Abercrombie & Fitch (NYSE:ANF) opened at $18.95 on Friday. The company has a market capitalization of $1,284.40, a price-to-earnings ratio of -67.68, a P/E/G ratio of 15.85 and a beta of 0.96. Abercrombie & Fitch has a 12-month low of $8.81 and a 12-month high of $19.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.08 and a quick ratio of 1.07.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $859.10 million during the quarter, compared to analyst estimates of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. Abercrombie & Fitch’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. equities analysts anticipate that Abercrombie & Fitch will post 0.09 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP grew its stake in shares of Abercrombie & Fitch by 13.3% during the 3rd quarter. GSA Capital Partners LLP now owns 33,223 shares of the apparel retailer’s stock worth $480,000 after acquiring an additional 3,909 shares during the period. Lorber David A bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth $126,000. FrontFour Capital Group LLC bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth $7,816,000. Sterling Capital Management LLC bought a new position in shares of Abercrombie & Fitch during the 3rd quarter worth $969,000. Finally, California Public Employees Retirement System grew its stake in shares of Abercrombie & Fitch by 22.3% during the 3rd quarter. California Public Employees Retirement System now owns 609,171 shares of the apparel retailer’s stock worth $8,796,000 after acquiring an additional 111,171 shares during the period. Institutional investors own 99.34% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.com-unik.info/2018/01/19/abercrombie-fitch-anf-lifted-to-buy-at-argus.html.

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.

The Fly

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit