Fintel reports that on April 12, 2023, Argus Research downgraded their outlook for Abercrombie & Fitch (NYSE:ANF) from Buy to Hold .
Analyst Price Forecast Suggests 9.33% Upside
As of April 6, 2023, the average one-year price target for Abercrombie & Fitch is $29.99. The forecasts range from a low of $17.17 to a high of $36.75. The average price target represents an increase of 9.33% from its latest reported closing price of $27.43.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Abercrombie & Fitch is $3,695MM, a decrease of 0.07%. The projected annual non-GAAP EPS is $1.51.
What are Other Shareholders Doing?
Toronto Dominion Bank holds 0K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Charles Schwab Investment Management holds 917K shares representing 1.86% ownership of the company. In it's prior filing, the firm reported owning 835K shares, representing an increase of 8.99%. The firm increased its portfolio allocation in ANF by 45.67% over the last quarter.
ESIX - SPDR S&P SmallCap 600 ESG ETF holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
Versant Capital Management holds 1K shares representing 0.00% ownership of the company. No change in the last quarter.
Calvert Variable Products, Inc. - Calvert VP Russell 2000 Small Cap Index Portfolio - I Class holds 4K shares representing 0.01% ownership of the company. No change in the last quarter.
What is the Fund Sentiment?
There are 474 funds or institutions reporting positions in Abercrombie & Fitch.
This is a decrease
of
5
owner(s) or 1.04% in the last quarter.
Average portfolio weight of all funds dedicated to ANF is 0.11%,
an increase
of 21.82%.
Total shares owned by institutions decreased
in the last three months by 2.86% to 54,789K shares.
The put/call ratio of ANF is 0.91, indicating a
bullish
outlook.
Abercrombie & Fitch Background Information
(This description is provided by the company.)
Abercrombie & Fitch is an American lifestyle retailer that focuses on casual wear. Its headquarters are in New Albany, Ohio. The company operates three other offshoot brands: Abercrombie Kids, Hollister Co., and Gilly Hicks. As of February 2020, the company operated 854 stores across all brands.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
