Abercrombie & Fitch (ANF) Rating Reiterated by JPMorgan Chase & Co.
Abercrombie & Fitch (NYSE:ANF)‘s stock had its “underweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, The Fly reports. They presently have a $16.00 target price on the apparel retailer’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 13.19% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on ANF. Zacks Investment Research raised Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Tuesday, July 31st. William Blair cut Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a report on Thursday, August 30th. ValuEngine cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Morgan Stanley upped their target price on Abercrombie & Fitch from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Tuesday, September 4th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Abercrombie & Fitch has an average rating of “Hold” and an average price target of $21.14.
Shares of ANF opened at $18.43 on Thursday. Abercrombie & Fitch has a 12-month low of $11.61 and a 12-month high of $29.69. The company has a quick ratio of 1.43, a current ratio of 2.25 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.82 and a beta of 0.45.
Several hedge funds have recently modified their holdings of ANF. Renaissance Technologies LLC increased its stake in shares of Abercrombie & Fitch by 174.2% in the second quarter. Renaissance Technologies LLC now owns 2,924,700 shares of the apparel retailer’s stock valued at $71,597,000 after buying an additional 1,858,200 shares during the period. Copper Rock Capital Partners LLC acquired a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $19,833,000. Monarch Partners Asset Management LLC acquired a new stake in shares of Abercrombie & Fitch in the second quarter valued at about $10,846,000. BlackRock Inc. increased its stake in shares of Abercrombie & Fitch by 4.3% in the first quarter. BlackRock Inc. now owns 9,246,433 shares of the apparel retailer’s stock valued at $223,856,000 after buying an additional 377,954 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Abercrombie & Fitch by 749.1% in the second quarter. Millennium Management LLC now owns 365,518 shares of the apparel retailer’s stock valued at $8,948,000 after buying an additional 322,469 shares during the period.
Abercrombie & Fitch Company Profile
Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.
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