Citigroup – FY2022 EPS Estimates for Abercrombie & Fitch Co. Boosted by Analyst (NYSE:ANF)
Abercrombie & Fitch Co. (NYSE:ANF) – Equities researchers at B. Riley boosted their FY2022 earnings per share estimates for Abercrombie & Fitch in a analysis observe issued on Wednesday, November 25th. B. Riley analyst S. Anderson now forecasts that the attire retailer will put up earnings of $1.11 per share for the 12 months, up from their prior forecast of $1.08. B. Riley presently has a “Purchase” score and a $27.00 goal price on the stock.
A number of different analysis analysts additionally not too long ago commented on ANF. Royal Bank of Canada raised their price goal on shares of Abercrombie & Fitch from $14.00 to $25.00 and gave the stock a “sector carry out” score in a report on Wednesday. TheStreet raised shares of Abercrombie & Fitch from a “d+” score to a “c-” score in a report on Wednesday, October 14th. Smith Barney Citigroup raised their price goal on shares of Abercrombie & Fitch from $20.00 to $28.00 in a report on Wednesday. Citigroup raised their price goal on shares of Abercrombie & Fitch from $17.00 to $20.00 and gave the stock a “purchase” score in a report on Friday, August 28th. Lastly, UBS Group raised their price goal on shares of Abercrombie & Fitch from $18.00 to $21.00 and gave the stock a “impartial” score in a report on Wednesday. Two funding analysts have rated the stock with a promote score, 5 have issued a maintain score and 5 have assigned a purchase score to the corporate’s stock. The corporate has a consensus score of “Maintain” and a median price goal of $21.46.
Abercrombie & Fitch stock opened at $22.83 on Thursday. Abercrombie & Fitch has a twelve month low of $7.41 and a twelve month excessive of $23.82. The agency has a 50 day shifting common price of $16.82 and a 200-day shifting common price of $13.02. The corporate has a market capitalization of $1.42 billion, a P/E ratio of -9.43 and a beta of 1.54. The corporate has a fast ratio of 1.01, a present ratio of 1.50 and a debt-to-equity ratio of 0.42. Abercrombie & Fitch (NYSE:ANF) final launched its earnings outcomes on Tuesday, November 24th. The attire retailer reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.81. Abercrombie & Fitch had a unfavorable internet margin of 4.61% and a unfavorable return on fairness of 10.04%. Throughout the identical quarter within the prior 12 months, the corporate posted $0.23 earnings per share.
Numerous hedge funds and different institutional traders have not too long ago purchased and bought shares of ANF. Arrowstreet Capital Restricted Partnership lifted its stake in Abercrombie & Fitch by 40.5% within the third quarter. Arrowstreet Capital Restricted Partnership now owns 2,094,292 shares of the attire retailer’s stock worth $29,173,00Zero after buying an extra 603,300 shares within the final quarter. Alyeska Funding Group L.P. bought a brand new stake in Abercrombie & Fitch within the 2nd quarter worth roughly $4,392,000. Voloridge Funding Administration LLC bought a brand new stake in Abercrombie & Fitch within the third quarter worth roughly $5,040,000. Zweig DiMenna Associates LLC raised its place in shares of Abercrombie & Fitch by 460.5% throughout the 2nd quarter. Zweig DiMenna Associates LLC now owns 395,681 shares of the attire retailer’s stock valued at $4,210,00Zero after shopping for an extra 325,087 shares within the final quarter. Lastly, Squarepoint Ops LLC bought a brand new stake in shares of Abercrombie & Fitch throughout the third quarter valued at $4,418,000. Institutional traders and hedge funds personal 91.79% of the corporate’s stock.
About Abercrombie & Fitch
Abercrombie & Fitch Co, by its subsidiaries, operates as a specialty retailer. The corporate operates in two segments, Hollister and Abercrombie. It provides an assortment of attire, private care merchandise, intimates, and equipment for males, girls, and youngsters beneath the Hollister, Abercrombie & Fitch, abercrombie youngsters, Moose, Seagull, and Gilly Hicks manufacturers.
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7 Tech Stocks To Purchase On Sale
This too shall cross. These 4 phrases must be taped to the pc display screen of each investor. Should you personal shares of the tech sector, you’ve seen your portfolio take fairly successful. Tech stocks had been largely immune from the consequences of the pandemic.
Nevertheless, as traders wish to rebalance their portfolios, tech stocks had been apparent targets for some profit-taking. And on the finish of the day, that’s what I imagine the most recent tech selloff quantities to. Stocks don’t transfer in a single course on a regular basis. Certain, there may be some saber-rattling about breaking apart huge tech. However with an election in lower than two months, no one may have the political will to do something.
That doesn’t imply that it’s all going to be clean crusing. Certain, the Federal Reserve did its half by promising low-interest charges till the top of time (or at the least by 2023 no matter comes first). However the remainder of 2020 is more likely to be unstable for stocks.
First, there’s nonetheless the novel coronavirus hanging round. It’s not going to easily disappear after election day. That can take some mixture of a vaccine and/or therapeutic. And all of the possible candidates appear to be getting farther away the deeper into scientific trials they get.
And we now have an election. However we’re not more likely to know the winner of the election on election night time. The truth is, for many who keep in mind the spectacle of “hanging chads”, this election might make that one appear to be novice hour.
The underside line is there shall be uncertainty. However there are all the time positive aspects to be discovered, significantly now that their stock price has come down slightly bit. Listed here are seven tech stocks that you may look so as to add or improve a place in now that they’re buying and selling at a reduction.
View the “7 Tech Stocks To Purchase On Sale”.
