B. Riley Reiterates “$11.00” Price Target for Abercrombie & Fitch (NYSE:ANF)

Abercrombie & Fitch (NYSE:ANF) received a $11.00 price target from equities researchers at B. Riley in a report released on Monday, November 20th. The firm presently has a “hold” rating on the apparel retailer’s stock. B. Riley’s target price would suggest a potential downside of 38.17% from the stock’s previous close. B. Riley also issued estimates for Abercrombie & Fitch’s Q4 2018 earnings at $0.74 EPS, FY2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.05) EPS and FY2019 earnings at $0.08 EPS.

Several other equities analysts have also commented on ANF. Zacks Investment Research lowered shares of Abercrombie & Fitch from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $14.00 target price on shares of Abercrombie & Fitch and gave the company a “hold” rating in a research note on Tuesday, August 8th. Jefferies Group reissued a “hold” rating and issued a $12.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, September 28th. FBR & Co reduced their price target on shares of Abercrombie & Fitch from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 15th. Finally, Telsey Advisory Group raised their price target on shares of Abercrombie & Fitch from $11.00 to $12.00 and gave the stock a “market perform” rating in a research note on Friday, August 25th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Abercrombie & Fitch presently has an average rating of “Hold” and an average price target of $12.98.

Shares of Abercrombie & Fitch (NYSE ANF) traded up $0.14 during mid-day trading on Monday, reaching $17.79. 2,069,853 shares of the company’s stock were exchanged, compared to its average volume of 3,607,405. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1,220.00, a PE ratio of 131.85, a P/E/G ratio of 11.39 and a beta of 0.96. Abercrombie & Fitch has a twelve month low of $8.81 and a twelve month high of $18.44.

Abercrombie & Fitch (NYSE:ANF) last issued its 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. Abercrombie & Fitch had a negative net margin of 0.55% and a positive return on equity of 0.80%. The firm had revenue of $859.10 million during the quarter, compared to analyst estimates of $818.41 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. Abercrombie & Fitch’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts predict that Abercrombie & Fitch will post 0.11 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its stake in Abercrombie & Fitch by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock valued at $345,000 after acquiring an additional 100 shares during the period. Capstone Asset Management Co. lifted its stake in Abercrombie & Fitch by 0.5% during the 2nd quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock valued at $397,000 after acquiring an additional 160 shares during the period. Arizona State Retirement System lifted its stake in Abercrombie & Fitch by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock valued at $442,000 after acquiring an additional 200 shares during the period. Suntrust Banks Inc. lifted its stake in Abercrombie & Fitch by 3.9% during the 2nd quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock valued at $164,000 after acquiring an additional 492 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Abercrombie & Fitch by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 229,091 shares of the apparel retailer’s stock valued at $2,850,000 after acquiring an additional 591 shares during the period. Institutional investors and hedge funds own 99.31% of the company’s stock.

WARNING: This article was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.thelincolnianonline.com/2017/12/07/abercrombie-fitch-company-anf-pt-set-at-11-00-by-b-riley-updated-updated.html.

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)

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

Leave a Reply