Nomura Reaffirms Neutral Rating on Abercrombie & Fitch (ANF)
A number of other firms have also recently commented on ANF. Analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of Abercrombie & Fitch to $59.00 in a research note to investors on Thursday. Separately, analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of Abercrombie & Fitch from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Finally, analysts at Brean Murray reiterated a “buy” rating on shares of Abercrombie & Fitch in a research note to investors on Monday.
Abercrombie & Fitch opened at 36.55 on Thursday. Abercrombie & Fitch has a 1-year low of $36.47 and a 1-year high of $78.25. The company has a market cap of $3.097 billion and a price-to-earnings ratio of 25.58.
Abercrombie & Fitch last released its earnings data on Wednesday, May 16th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.02. Abercrombie & Fitch’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Abercrombie & Fitch will post $1.06 EPS next quarter.
Abercrombie & Fitch Co (A&F), through its subsidiaries, a specialty retailer that operates stores and direct-to-consumer operations selling casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, outerwear, personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brands.