Abercrombie & Fitch (NYSE:ANF) PT Lowered to $30.00 at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANFGet Rating) had its price objective decreased by analysts at Telsey Advisory Group from $40.00 to $30.00 in a report issued on Wednesday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 57.15% from the stock’s current price.

Several other research analysts also recently commented on the stock. StockNews.com assumed coverage on shares of Abercrombie & Fitch in a report on Thursday, March 31st. They issued a “hold” rating on the stock. B. Riley decreased their price objective on Abercrombie & Fitch from $54.00 to $48.00 in a report on Thursday, March 3rd. Citigroup downgraded shares of Abercrombie & Fitch from a “buy” rating to a “neutral” rating and cut their price target for the company from $59.00 to $30.00 in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on Abercrombie & Fitch from $35.00 to $39.00 in a research note on Monday, May 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $42.00.

NYSE:ANF opened at $19.09 on Wednesday. The stock has a market cap of $962.42 million, a price-to-earnings ratio of 4.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.97 and a current ratio of 1.49. The business has a fifty day moving average of $32.83 and a 200-day moving average of $35.30. Abercrombie & Fitch has a 1 year low of $18.31 and a 1 year high of $48.97.

Abercrombie & Fitch (NYSE:ANFGet Rating) last issued its quarterly earnings results on Tuesday, May 24th. The apparel retailer reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.36). Abercrombie & Fitch had a return on equity of 29.73% and a net margin of 7.08%. The company had revenue of $812.80 million during the quarter, compared to analysts’ expectations of $799.33 million. During the same period in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Abercrombie & Fitch will post 3.37 EPS for the current year.

Large investors have recently made changes to their positions in the company. Kempen Capital Management N.V. boosted its position in shares of Abercrombie & Fitch by 6.2% during the 1st quarter. Kempen Capital Management N.V. now owns 2,028,725 shares of the apparel retailer’s stock worth $64,899,000 after purchasing an additional 119,335 shares in the last quarter. Impala Asset Management LLC boosted its holdings in Abercrombie & Fitch by 159.1% in the fourth quarter. Impala Asset Management LLC now owns 1,124,457 shares of the apparel retailer’s stock worth $39,165,000 after acquiring an additional 690,491 shares in the last quarter. Divisar Capital Management LLC grew its stake in Abercrombie & Fitch by 43.2% in the first quarter. Divisar Capital Management LLC now owns 868,421 shares of the apparel retailer’s stock valued at $27,781,000 after acquiring an additional 261,824 shares during the period. Chimera Capital Management LLC bought a new stake in shares of Abercrombie & Fitch during the fourth quarter valued at approximately $29,688,000. Finally, Victory Capital Management Inc. raised its position in shares of Abercrombie & Fitch by 26.8% during the first quarter. Victory Capital Management Inc. now owns 753,586 shares of the apparel retailer’s stock worth $24,178,000 after purchasing an additional 159,154 shares during the period. 99.58% of the stock is currently owned by institutional investors.

Abercrombie & Fitch Company Profile (Get Rating)

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The company operates in two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and children under the Hollister, Abercrombie & Fitch, abercrombie kids, Moose, Seagull, Gilly Hicks, and Social Tourist brands.

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