In a report released today, Kimberly Greenberger from Morgan Stanley maintained a Sell rating on Abercrombie Fitch (NYSE: ANF), with a price target of $14. The company’s shares closed on Friday at $21.67.
According to TipRanks.com, Greenberger is a 4-star analyst with an average return of 8.8% and a 56.9% success rate. Greenberger covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Burlington Stores, and Urban Outfitters.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Abercrombie Fitch with a $19.33 average price target, a -10.8% downside from current levels. In a report issued on August 31, J.P. Morgan also maintained a Sell rating on the stock with a $19 price target.
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The company has a one-year high of $29.69 and a one-year low of $11.62. Currently, Abercrombie Fitch has an average volume of 2.45M.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
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Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It offers 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 by David Abercrombie in 1892 and is headquartered in New Albany, OH.
