Wolfe Research Remains a Sell on Abercrombie Fitch (ANF)


In a report released yesterday, Adrienne Tennant from Wolfe Research maintained a Sell rating on Abercrombie Fitch (ANF), with a price target of $18. The company’s shares closed yesterday at $19.16.

According to TipRanks.com, Tennant is a 4-star analyst with an average return of 4.0% and a 50.4% success rate. Tennant covers the Services sector, focusing on stocks such as Bed Bath & Beyond, Children’s Place, 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.

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Abercrombie Fitch’s market cap is currently $1.26B and has a P/E ratio of 26.60. The company has a Price to Book ratio of 1.12.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ANF in relation to earlier this year.

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 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.

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