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.
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