Abercrombie & Fitch (ANF) Given a $22.00 Price Target at BMO Capital Markets

Abercrombie & Fitch (NYSE:ANF) received a $22.00 price objective from stock analysts at BMO Capital Markets in a research report issued on Tuesday. The firm presently has a “hold” rating on the apparel retailer’s stock. BMO Capital Markets’ price target would suggest a potential downside of 1.92% from the stock’s previous close.

ANF has been the subject of several other research reports. Zacks Investment Research cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Standpoint Research cut shares of Abercrombie & Fitch from an “outperform” rating to a “hold” rating in a research note on Friday, November 17th. ValuEngine upgraded shares of Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. lowered shares of Abercrombie & Fitch from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $12.00 to $10.00 in a research report on Wednesday, November 1st. Finally, Jefferies Group reissued a “hold” rating and issued a $12.00 price objective on shares of Abercrombie & Fitch in a research report on Thursday, September 28th. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.76.

Abercrombie & Fitch (ANF) traded up $2.51 during trading hours on Tuesday, reaching $22.43. 7,672,300 shares of the company’s stock were exchanged, compared to its average volume of 2,675,800. Abercrombie & Fitch has a 52-week low of $8.81 and a 52-week high of $22.50. The firm has a market capitalization of $1,550.00, a price-to-earnings ratio of -77.34, a PEG ratio of 16.74 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 2.08.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ 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%. Abercrombie & Fitch’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. analysts expect that Abercrombie & Fitch will post 0.09 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. bought a new position in Abercrombie & Fitch in the 2nd quarter valued at about $114,000. Lorber David A acquired a new stake in Abercrombie & Fitch during the 3rd quarter worth approximately $126,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Abercrombie & Fitch during the 3rd quarter worth approximately $133,000. Suntrust Banks Inc. boosted its position in Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after buying an additional 492 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in Abercrombie & Fitch during the 2nd quarter worth approximately $170,000. 99.19% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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