Citigroup Raises Abercrombie & Fitch (NYSE:ANF) Price Target to $23.00

Abercrombie & Fitch (NYSE:ANFGet Rating) had its price target raised by equities researchers at Citigroup from $19.00 to $23.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Citigroup’s price target indicates a potential downside of 4.09% from the stock’s previous close.

Several other equities analysts have also recently issued reports on ANF. JPMorgan Chase & Co. lowered 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. B. Riley decreased their target price on shares of Abercrombie & Fitch from $35.00 to $30.00 in a report on Tuesday, August 16th. Morgan Stanley decreased their target price on shares of Abercrombie & Fitch from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Tuesday, August 30th. StockNews.com assumed coverage on shares of Abercrombie & Fitch in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group raised their target price on shares of Abercrombie & Fitch from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch currently has a consensus rating of “Hold” and an average price target of $22.33.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $23.98 on Wednesday. The firm’s 50 day moving average is $17.31 and its 200-day moving average is $18.91. The stock has a market capitalization of $1.19 billion, a P/E ratio of 55.77 and a beta of 1.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.30 and a quick ratio of 0.58. Abercrombie & Fitch has a 12-month low of $14.02 and a 12-month high of $42.09.

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

Institutional Trading of Abercrombie & Fitch

Institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC acquired a new stake in shares of Abercrombie & Fitch during the second quarter worth approximately $29,000. DB Wealth Management Group LLC acquired a new stake in Abercrombie & Fitch in the first quarter valued at approximately $33,000. Captrust Financial Advisors lifted its stake in Abercrombie & Fitch by 24.9% in the second quarter. Captrust Financial Advisors now owns 4,580 shares of the apparel retailer’s stock valued at $77,000 after acquiring an additional 913 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Abercrombie & Fitch in the first quarter valued at approximately $91,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Abercrombie & Fitch in the first quarter valued at approximately $95,000. 95.22% of the stock is currently owned by institutional investors and hedge funds.

About Abercrombie & Fitch

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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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