SunTrust upgraded shares of Abercrombie & Fitch Co. (NYSE:ANF) from a neutral rating to a buy rating in a research note released on Monday morning, TheFlyOnTheWall.com reports. They currently have $45.00 target price on the stock, up from their previous target price of $40.00.
Shares of Abercrombie & Fitch Co. (NYSE:ANF) traded down 13.52% on Monday, hitting $33.13. The stock had a trading volume of 17,892,496 shares. Abercrombie & Fitch Co. has a one year low of $30.74 and a one year high of $55.23. The stock has a 50-day moving average of $35.96 and a 200-day moving average of $44.53. The company has a market cap of $2.531 billion and a price-to-earnings ratio of 12.69.
Abercrombie & Fitch Co. (NYSE:ANF) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.12. The company had revenue of $945.70 million for the quarter, compared to the consensus estimate of $996.64 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that Abercrombie & Fitch Co. will post $1.96 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ANF. Analysts at Topeka Capital Markets cut their price target on shares of Abercrombie & Fitch Co. from $43.00 to $40.00 in a research note to investors on Tuesday, October 29th. They now have a hold rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Abercrombie & Fitch Co. from $50.00 to $48.00 in a research note to investors on Monday, October 28th. They now have a positive rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Abercrombie & Fitch Co. from $41.00 to $38.00 in a research note to investors on Friday, October 25th. They now have a neutral rating on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the stock. Abercrombie & Fitch Co. has a consensus rating of Hold and a consensus price target of $45.86.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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