Jefferies Group reissued their buy rating on shares of Abercrombie & Fitch Co. (NYSE:ANF) in a research report released on Wednesday morning, AR Network reports. Jefferies Group currently has a $45.00 price objective on the stock, down from their previous price objective of $50.00.
Abercrombie & Fitch Co. (NYSE:ANF) traded up 4.15% on Wednesday, hitting $34.37. The stock had a trading volume of 4,530,338 shares. Abercrombie & Fitch Co. has a one year low of $30.74 and a one year high of $55.23. The stock’s 50-day moving average is $35.66 and its 200-day moving average is $44.36. The company has a market cap of $2.626 billion and a price-to-earnings ratio of 10.93.
Abercrombie & Fitch Co. (NYSE:ANF) last issued its quarterly earnings data 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 $1.63 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ANF. Analysts at JPMorgan Chase & Co. reiterated a hold rating on shares of Abercrombie & Fitch Co. in a research note to investors on Sunday, November 3rd. They now have a $38.00 price target on the stock. Separately, analysts at SunTrust upgraded shares of Abercrombie & Fitch Co. from a neutral rating to a buy rating in a research note to investors on Monday. They now have a $45.00 price target on the stock, up previously from $40.00. Finally, 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. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $42.75.
Abercrombie & Fitch Co (NYSE:ANF), through its subsidiaries, is a specialty retailer of casual apparel for men, women and kids.
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