Jefferies Group Analysts Give Abercrombie & Fitch (ANF) a $24.00 Price Target

Ivan Schwartz
March 9, 2018

The stock increased 0.85% or $0.015 during the last trading session, reaching $1.785. About 3.42 million shares traded or 45.03% up from the average. (NYSE:ANF) declared a quarterly dividend on Monday, February 26th, RTT News reports. It has underperformed by 72.81% the S&P500. Pointstate Ltd Partnership reported 2.82 million shares. The firm's revenue for the quarter was up 15.2% compared to the same quarter previous year. Orchids Paper Prods Co Del now has $96.57 million valuation. The stock increased 1.40% or $0.44 during the last trading session, reaching $31.79.

BP p.l.c. (NYSE:BP) shares inched up 0.10% to trade at $39.35. (NYSE:ANF) has declined 47.82% since March 7, 2017 and is downtrending. It has underperformed by 12.01% the S&P500.

Analysts' mean recommendation for Abercrombie & Fitch Co. (NYSE:GIS), 3 have Buy rating, 4 Sell and 16 Hold. Therefore 22% are positive.

Sell side analysts plays vital role in buying and selling a stock where 1 analysts rated Abercrombie & Fitch Co.

The company also said it expects to close 60 US stores this year, but plans to open 21 full-price stores in fiscal 2018 with half of them in global markets. Bank of America maintained the stock with "Underperform" rating in Wednesday, January 24 report. (ANF) stock is Overbought or Oversold?

Abercrombie & Fitch expects to generate mid-single digit growth in comparable and net sales in fiscal 2018, while its earnings are likely to grow at the high single-digit rate.

Several other research firms have also weighed in on ANF. UBS maintained Abercrombie & Fitch Co.

Abercrombie & Fitch

Ratings analysis reveals 9% of Abercrombie & Fitch's analysts are positive.

On 8/18/2017 Abercrombie & Fitch announced a Quarterly dividend of $0.20 8.61% with an ex dividend date of 8/30/2017 which will be payable on 9/11/2017. The firm has "Hold" rating by Deutsche Bank given on Wednesday, June 15. Telsey Advisory Group maintained the stock with "Market Perform" rating in Monday, November 21 report. Abercrombie & Fitch has always had a spirit of adventure at its core, outfitting explorers, adventurers, and entrepreneurs; the ones who believed it was their time to risk it all, and make their mark on the world.

The apparel retailer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.28. GIS's profit will be $438.16M for 16.75 P/E if the $0.77 EPS becomes a reality. Comparatively, Abercrombie & Fitch Co. posted earnings of $-0.62 per share in the same quarter a year ago.

Investors sentiment decreased to 1.23 in Q3 2017. It increased, as 27 investors sold ANF shares while 51 reduced holdings. 36 funds opened positions while 61 raised stakes. (NYSE:ANF) tinted gains of +3.24% (+0.67 points) to US$21.35. The California-based California Public Employees Retirement System has invested 0.01% in Abercrombie & Fitch Co. (NYSE:ANF) for 1.02 million shares. Suntrust Robinson maintained Abercrombie & Fitch Co. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. Secor Cap Advsrs Limited Partnership reported 41,854 shares. Institutional investors own 99.46% of the company's stock. (NYSE:ANF) for 66 shares. Vetr upgraded Abercrombie & Fitch Co. Qci Asset Mgmt Ny reported 20 shares. Sentinel Trust Lba, a Texas-based fund reported 133,090 shares.

More important recent ArQule, Inc. (NYSE:ANF) rating on Friday, May 27. Its down 0.14, from 0.91 in 2017Q2. 128 funds opened positions while 644 raised stakes. Legal And General Grp Plc accumulated 0% or 4,612 shares. (NYSE:GIS). Lodestar Counsel Ltd Liability Corporation Il holds 0.04% in General Mills, Inc. Citigroup owns 0% invested in Tejon Ranch Co. (NYSE:GIS) or 6,864 shares. Fil Limited reported 605,830 shares.

On 3/18/2016 Diane Chang, EVP, sold 7,600 with an average share price of $32.05 per share and the total transaction amounting to $243,580.00. Brevan Howard Capital Management Lp owns 10,710 shares or 2.08% of their U.S. portfolio. Moreover, First Manhattan Comm has 0% invested in Tejon Ranch Co. (NYSE:GIS) to report earnings on March, 20. (NYSE:ANF) for 75,778 shares. 699,357 are held by Calamos Advisors Limited Liability Corp. (NYSE:TRC) or 49,575 shares.

Quantitative Systematic Strategies Llc decreased Autonation Inc (NYSE:AN) stake by 46,973 shares to 7,299 valued at $346,000 in 2017Q3.

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