Jefferies Reiterates Upbeat View of Abercrombie & Fitch Co. Following Meeting With Management


Jefferies analyst Randal Konik weighed in with some comments on Abercrombie & Fitch Co. (NYSE:ANF) after hosting a meeting with the company’s management and the brand president of Hollister Co. Konik reiterated a Buy rating on the stock with a price target of $30. Shares of ANF are currently trading at $22.32, up $0.65, or 2.88%.

“Bottom line, it appears product changes are beginning to bear fruit, especially at Hollister, while process changes across the organization are improving speed & flexibility. Store environment changes make sense, in our view. We expect the progress to be first felt at Hollister girls, followed by international, and lastly the domestic A&F biz.”, the analyst commented.

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Randal Konik has a total average return of 2.9% and a 43.8% success rate. Konik has a -10.0% average return when recommending ANF, and is ranked #1370 out of 3640 analysts.

Out of 23 analysts polled by Tipranks, 5 rate Micron stock a Buy, 10 rate the stock a Hold, and 8 recommend a Sell rating. With a return downside of 8.74%, the stock’s consensus target price stands at $21.20.

  • barry

    This turd Konik tole me to buy at 45 because is was going to 60, The puts a “hold” after the POS tanked to 25 and now wants me to buy? Looks like they need more fools to shore up the recent short squeeze and cuts to 2015 and 2016 outlooks on June 1st.

    Scamming the rubes. That’s what Obama will be remembered for.

  • Andrew K

    Abercrombie and Hollister are like the BMW of teen clothing! Sales could be down one quarter but that’s not the norm. My advise: don’t listen to analysts. They just speculate; they don’t know everything.