TheStreet Upgrades Abercrombie & Fitch (ANF) to “B-“

Abercrombie & Fitch (NYSE:ANF) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a report issued on Thursday.

Other equities analysts have also issued reports about the stock. Argus raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and upped their target price for the stock from $18.95 to $25.00 in a research note on Friday, January 19th. They noted that the move was a valuation call. ValuEngine raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. BMO Capital Markets set a $23.00 target price on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Jefferies Group set a $24.00 target price on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Finally, Royal Bank of Canada set a $27.00 target price on shares of Abercrombie & Fitch and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Abercrombie & Fitch presently has a consensus rating of “Hold” and a consensus price target of $17.94.

Shares of NYSE ANF opened at $27.06 on Thursday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 41.63, a P/E/G ratio of 3.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.49 and a quick ratio of 1.66. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $29.20.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 7th. The apparel retailer reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.28. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Abercrombie & Fitch had a net margin of 0.20% and a return on equity of 4.86%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. sell-side analysts expect that Abercrombie & Fitch will post 0.68 earnings per share for the current year.

In other news, Director Arthur C. Martinez sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $23.72, for a total value of $474,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Abercrombie & Fitch by 4.3% in the 1st quarter. BlackRock Inc. now owns 9,246,433 shares of the apparel retailer’s stock valued at $223,856,000 after purchasing an additional 377,954 shares during the period. Paradice Investment Management LLC raised its holdings in shares of Abercrombie & Fitch by 3.2% in the 1st quarter. Paradice Investment Management LLC now owns 2,718,069 shares of the apparel retailer’s stock valued at $65,777,000 after purchasing an additional 83,438 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Abercrombie & Fitch by 1.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,228,734 shares of the apparel retailer’s stock valued at $29,749,000 after purchasing an additional 12,528 shares during the period. Millennium Management LLC raised its holdings in shares of Abercrombie & Fitch by 968.7% in the 4th quarter. Millennium Management LLC now owns 1,124,567 shares of the apparel retailer’s stock valued at $19,601,000 after purchasing an additional 1,019,343 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Abercrombie & Fitch in the 4th quarter valued at about $12,907,000.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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