Analyst Target Price and Stock Review Abercrombie & Fitch Company (ANF)

Abercrombie & Fitch shop

Abercrombie & Fitch shop

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Taking a broader look at the analyst consensus, according to 5 analysts Rite Aid Corp (NYSE:RAD)'s price will reach at $2.18 during 52 weeks.

Abercrombie & Fitch Company (NYSE:ANF) was downgraded by equities research analysts at Standpoint Research from an "outperform" rating to a "hold" rating in a research report issued to clients and investors on Friday. Mizuho's price objective points to a potential upside of 28.31% from the stock's current price. The correct version of this article can be read at https://stocknewstimes.com/2017/11/17/abercrombie-fitch-company-anf-releases-quarterly-earnings-results-beats-expectations-by-0-12-eps.html. About 708,758 shares traded.

The company's quick ratio for most recent quarter is 1.2 along with current ratio for most recent quarter of 2.2. Abercrombie & Fitch has a one year low of $8.81 and a one year high of $16.99.

Earlier this week, the Chinese video game giant reported earnings results for its third quarter that only managed flat net income compared to year-earlier figures, but investors were prepared for less favorable performance from NetEase. Excluding charges, Foot Locker earned adjusted earnings of $.87 per share, more than analysts had expected. Abercrombie & Fitch Company (NYSE:ANF) has trailing twelve month Return on Assets of -0.9%, which is key indicator of how profitable a company is relative to its total assets. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion.

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Comp sales across the company were up 3 percent during the quarter versus down 1 percent in during the same quarter a year ago.

The gross profit rate for the third quarter was 61.3 percent, 80 basis points lower than past year on a constant currency basis, as lower average unit cost was more than offset by lower average unit retail. Of those insider trades, 0 shares of Abercrombie & Fitch Co. were purchased and 2,846 shares were sold. Shareholders must be on record as of December 1, 2017 to receive this dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.80 annualized dividend and a yield of 6.37%. The SI to Abercrombie & Fitch Company's float is 22.36%.

A number of hedge funds have recently modified their holdings of ANF. The Rowland & Company Investment Counsel holds 19,290 shares with $240.88M value, down from 19,690 last quarter. FrontFour Capital Group LLC bought a new position in shares of Abercrombie & Fitch in the third quarter worth $7,816,000. However a year ago for the same quarter the company has reported $0.02 EPS. Metropolitan Life Insurance Co. Cornerstone Capital Management Holdings LLC. purchased a new position in Abercrombie & Fitch during the 2nd quarter valued at $114,000. Finally, Stifel Financial Corp boosted its stake in shares of Abercrombie & Fitch Company by 53.6% in the second quarter.

Examining Institutional Ownership at Abercrombie & Fitch Co.

Abercrombie & Fitch Co (A&F) is a specialty retailer that operates stores and direct-to-consumer operations. The Company offers an array of apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven trousers, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.

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