Abercrombie & Fitch (NYSE:ANF – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Abercrombie & Fitch (ANF)
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