Abercrombie & Fitch (NYSE:ANF) PT Raised to $23.00 at Citigroup

Abercrombie & Fitch (NYSE:ANFGet Rating) had its target price upped by stock analysts at Citigroup from $19.00 to $23.00 in a report released on Wednesday, The Fly reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s target price would indicate a potential downside of 4.09% from the company’s current price.

A number of other research firms also recently commented on ANF. B. Riley reduced their price objective on shares of Abercrombie & Fitch from $35.00 to $30.00 in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reduced their price objective on shares of Abercrombie & Fitch from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, October 31st. Telsey Advisory Group increased their price objective on shares of Abercrombie & Fitch from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com assumed coverage on shares of Abercrombie & Fitch in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.33.

Abercrombie & Fitch Price Performance

ANF opened at $23.98 on Wednesday. The company has a fifty day simple moving average of $17.31 and a 200 day simple moving average of $18.91. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 55.77 and a beta of 1.37. Abercrombie & Fitch has a twelve month low of $14.02 and a twelve month high of $42.09. The company has a current ratio of 1.30, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45.

Abercrombie & Fitch (NYSE:ANFGet Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. Abercrombie & Fitch had a net margin of 0.82% and a return on equity of 5.38%. The firm had revenue of $880.10 million for the quarter, compared to the consensus estimate of $831.17 million. During the same period in the prior year, the firm posted $0.86 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts expect that Abercrombie & Fitch will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. DB Wealth Management Group LLC acquired a new stake in shares of Abercrombie & Fitch in the 1st quarter worth about $33,000. LS Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch in the 2nd quarter worth about $29,000. Nisa Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch in the 1st quarter worth about $91,000. Geneos Wealth Management Inc. acquired a new stake in shares of Abercrombie & Fitch in the 1st quarter worth about $95,000. Finally, Captrust Financial Advisors increased its holdings in shares of Abercrombie & Fitch by 46.3% in the 1st quarter. Captrust Financial Advisors now owns 3,667 shares of the apparel retailer’s stock worth $117,000 after acquiring an additional 1,161 shares during the period. 95.22% 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.

Further Reading

The Fly logo

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.