BMO Capital Markets Analysts Give Abercrombie & Fitch Company (ANF) a $14.00 Price Target

BMO Capital Markets set a $14.00 price objective on Abercrombie & Fitch Company (NYSE:ANF) in a research note published on Tuesday, August 8th. The firm currently has a hold rating on the apparel retailer’s stock.

ANF has been the topic of several other research reports. Deutsche Bank AG reduced their price target on shares of Abercrombie & Fitch to $9.00 and set a sell rating on the stock in a research report on Monday, July 10th. TheStreet lowered shares of Abercrombie & Fitch from a c- rating to a d+ rating in a research report on Thursday, June 15th. Vetr lowered shares of Abercrombie & Fitch from a buy rating to a hold rating and set a $12.58 price target on the stock. in a research report on Monday, May 1st. Royal Bank Of Canada set a $12.00 price target on shares of Abercrombie & Fitch and gave the company a sell rating in a research report on Saturday, May 13th. Finally, Zacks Investment Research raised Abercrombie & Fitch from a strong sell rating to a hold rating in a research report on Tuesday, May 2nd. Eleven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $13.76.

Abercrombie & Fitch (NYSE:ANF) opened at 9.66 on Tuesday. Abercrombie & Fitch has a 1-year low of $8.81 and a 1-year high of $23.29. The company’s market cap is $657.03 million. The stock’s 50 day moving average price is $10.04 and its 200-day moving average price is $11.62.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Thursday, May 25th. The apparel retailer reported ($0.91) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by $0.21. The firm had revenue of $661.10 million for the quarter, compared to analysts’ expectations of $651.25 million. Abercrombie & Fitch had a negative net margin of 0.55% and a negative return on equity of 1.26%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.53) EPS. On average, analysts forecast that Abercrombie & Fitch will post ($0.30) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “BMO Capital Markets Analysts Give Abercrombie & Fitch Company (ANF) a $14.00 Price Target” was originally reported by BNB Daily and is owned by of BNB Daily. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/bmo-capital-markets-reiterates-14-00-price-target-for-abercrombie-fitch-company-anf-updated.html.

Large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its stake in shares of Abercrombie & Fitch by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 27,700 shares of the apparel retailer’s stock worth $345,000 after buying an additional 100 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Abercrombie & Fitch by 0.5% in the second quarter. Capstone Asset Management Co. now owns 31,952 shares of the apparel retailer’s stock worth $397,000 after buying an additional 160 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Abercrombie & Fitch by 0.6% in the second quarter. Arizona State Retirement System now owns 35,500 shares of the apparel retailer’s stock worth $442,000 after buying an additional 200 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Abercrombie & Fitch by 0.3% in the first quarter. Prudential Financial Inc. now owns 115,769 shares of the apparel retailer’s stock worth $1,381,000 after buying an additional 400 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Abercrombie & Fitch by 3.9% in the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after buying an additional 492 shares during the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

Receive News & Ratings for Abercrombie & Fitch Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply