Abercrombie & Fitch (NYSE:ANF) PT Raised to $33.00

Abercrombie & Fitch (NYSE:ANF – Get Rating) had its price objective lifted by Citigroup from $24.00 to $33.00 in a report published on Thursday morning, The Fly reports.

A number of other analysts have also weighed in on ANF. StockNews.com started coverage on Abercrombie & Fitch in a research note on Thursday, May 18th. They set a hold rating for the company. Morgan Stanley raised their price objective on Abercrombie & Fitch from $16.00 to $17.00 and gave the company an underweight rating in a research report on Thursday, March 2nd. Jefferies Financial Group lowered their price objective on Abercrombie & Fitch from $35.00 to $30.00 in a research report on Tuesday, May 9th. Telsey Advisory Group reissued an outperform rating and set a $33.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, March 1st. Finally, UBS Group raised their price objective on Abercrombie & Fitch from $28.00 to $32.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $28.75.

Abercrombie & Fitch Stock Down 5.3 %

Shares of NYSE ANF opened at $28.56 on Thursday. Abercrombie & Fitch has a one year low of $14.02 and a one year high of $31.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.80. The firm’s 50 day simple moving average is $24.89 and its two-hundred day simple moving average is $25.25. The stock has a market capitalization of $1.43 billion, a P/E ratio of 476.00 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF – Get Rating) last issued its quarterly earnings results on Wednesday, May 24th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.41. Abercrombie & Fitch had a net margin of 0.08% and a return on equity of 1.90%. The business had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $814.93 million. During the same period last year, the business earned ($0.27) earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, analysts expect that Abercrombie & Fitch will post 1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its position in shares of Abercrombie & Fitch by 1,051.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,221 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 1,115 shares in the last quarter. Quarry LP purchased a new position in Abercrombie & Fitch in the 1st quarter worth approximately $29,000. Advisory Services Network LLC lifted its holdings in Abercrombie & Fitch by 985.0% in the 1st quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Abercrombie & Fitch by 19.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,078 shares of the apparel retailer’s stock worth $71,000 after purchasing an additional 511 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its holdings in Abercrombie & Fitch by 19.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock worth $71,000 after purchasing an additional 511 shares in the last quarter.

About Abercrombie & Fitch

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Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.