Fintel reports that on May 9, 2023, Jefferies maintained coverage of Abercrombie & Fitch Co. - (NYSE:ANF) with a Buy recommendation.
Analyst Price Forecast Suggests 28.76% Upside
As of April 24, 2023, the average one-year price target for Abercrombie & Fitch Co. - 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 28.76% from its latest reported closing price of 23.29.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Abercrombie & Fitch Co. - is 3,695MM, a decrease of 0.07%. The projected annual non-GAAP EPS is 1.51.
What is the Fund Sentiment?
There are 473 funds or institutions reporting positions in Abercrombie & Fitch Co. -. This is a decrease of 1 owner(s) or 0.21% in the last quarter. Average portfolio weight of all funds dedicated to ANF is 0.11%, an increase of 11.79%. Total shares owned by institutions decreased in the last three months by 4.29% to 54,747K shares. 
The put/call ratio of ANF is 1.11, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,665K shares representing 7.32% ownership of the company. In it's prior filing, the firm reported owning 3,697K shares, representing a decrease of 0.88%. The firm increased its portfolio allocation in ANF by 32.86% over the last quarter.
D. E. Shaw holds 2,353K shares representing 4.70% ownership of the company. In it's prior filing, the firm reported owning 1,779K shares, representing an increase of 24.38%. The firm increased its portfolio allocation in ANF by 80.30% over the last quarter.
Schonfeld Strategic Advisors holds 1,843K shares representing 3.68% ownership of the company. In it's prior filing, the firm reported owning 678K shares, representing an increase of 63.24%. The firm increased its portfolio allocation in ANF by 298.52% over the last quarter.
Paradice Investment Management holds 1,766K shares representing 3.53% ownership of the company. In it's prior filing, the firm reported owning 1,777K shares, representing a decrease of 0.61%. The firm decreased its portfolio allocation in ANF by 99.87% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 1,549K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 284K shares, representing an increase of 81.66%. The firm increased its portfolio allocation in ANF by 661.97% over the last quarter.
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.
