B.Riley FBR Remains a Hold on Abercrombie Fitch


B.Riley FBR analyst Susan Anderson reiterated a Hold rating on Abercrombie Fitch (NYSE: ANF) on June 4 and set a price target of $25. The company’s shares closed yesterday at $24.73.

Anderson said:

“ANF reported 1Q EPS of ($0.56), well above B. Riley FBR/consensus estimates of ($0.84)/($0.77). See the 1Q drivers in our 1Q First Look note here. Management expects both 2018 SSS and top-line growth to be up +2% to +4%, vs. +LSD previously. Continued positive SSS inflection at Abercrombie and improving traffic and conversion rates indicate that product initiatives are beginning to take hold. 1Q improvement was broad-based, with strong performance across brands, geographies, gender, and channels. We believe 1Q results were positively impacted by the overall shift we are seeing toward a more fashion-driven cycle, reflected in the strength of ANF’s graphic/logo tee business and denim products.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.6% and a 56.1% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Urban Outfitters.

Abercrombie Fitch has an analyst consensus of Hold, with a price target consensus of $25.20.

See today’s analyst top recommended stocks >>

Based on Abercrombie Fitch’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $42.46 million. In comparison, last year the company had a GAAP net loss of $61.7 million.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It offers a broad array of apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, 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. The company was founded in 1892 and is headquartered in New Albany, OH.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts