Telsey Advisory Group has reiterated its coverage of Abercrombie & Fitch Co. – (NYSE:ANF) with an Outperform recommendation, according to a report by Fintel as of May 25, 2023.
Forecast Indicates a Slight Drop in Stock Value
As of May 11, 2023, the average one-year price target for Abercrombie & Fitch Co. – is $28.97, with the lowest at $17.17 and the highest at $36.75. The average price target indicates a decrease of 3.95% from the most recent closing price of $30.16.
For the projected year, Abercrombie & Fitch Co. – expects an annual revenue of $3,695MM, a decline of 0.07%. The projected annual non-GAAP EPS is $1.51.
What is the Fund Sentiment?
There are currently 492 funds or institutions reporting positions in Abercrombie & Fitch Co.-, an increase of 16 or 3.36% in the last quarter. The average portfolio weight of all funds dedicated to ANF is 0.12%, an increase of 10.08%. Institutions’ total shares in the company decreased in the last three months by 1.34% to 54,546K shares.
The current put/call ratio of ANF is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
The iShares Core S&P Small-Cap ETF holds 3,564K shares representing 7.12% ownership of ANF. In a prior filing, the firm reported owning 3,665K shares, representing a decrease of 2.84%. The firm increased its portfolio allocation in ANF by 14.44% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 1,560K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 1,549K shares, representing an increase of 0.68%. The firm increased its portfolio allocation in ANF by 12.79% over the last quarter.
Similarly, D. E. Shaw decreased its portfolio allocation in ANF by 39.34% over the last quarter, holding 1,545K shares representing 3.09% of the company. Meanwhile, Point72 Asset Management increased its portfolio allocation in ANF by 61.91% over the last quarter, holding 1,504K shares representing 3.00% ownership.
Background on Abercrombie & Fitch
(This description is provided by the company.)
Abercrombie & Fitch is a lifestyle retailer based in New Albany, Ohio, that specializes in casual wear. The company also operates three offshoot brands: Abercrombie Kids, Hollister Co., and Gilly Hicks. As of February 2020, the company operated 854 stores across all its brands.
Key filings related to Abercrombie & Fitch Co. can be found in Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
