Fintel reports that on August 24, 2023, JP Morgan maintained coverage of Abercrombie & Fitch Co. - (NYSE:ANF) with a Neutral recommendation.
Analyst Price Forecast Suggests 34.62% Downside
As of August 2, 2023, the average one-year price target for Abercrombie & Fitch Co. - is 33.25. The forecasts range from a low of 18.18 to a high of $47.25. The average price target represents a decrease of 34.62% from its latest reported closing price of 50.86.
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 498 funds or institutions reporting positions in Abercrombie & Fitch Co. -. This is an increase of 7 owner(s) or 1.43% in the last quarter. Average portfolio weight of all funds dedicated to ANF is 0.12%, a decrease of 1.67%. Total shares owned by institutions increased in the last three months by 3.41% to 56,432K 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 3,524K shares representing 7.04% ownership of the company. In it's prior filing, the firm reported owning 3,564K shares, representing a decrease of 1.13%. The firm increased its portfolio allocation in ANF by 30.02% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 1,860K shares representing 3.72% ownership of the company. In it's prior filing, the firm reported owning 1,560K shares, representing an increase of 16.13%. The firm increased its portfolio allocation in ANF by 52.07% over the last quarter.
Candlestick Capital Management holds 1,564K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 884K shares, representing an increase of 43.46%. The firm increased its portfolio allocation in ANF by 121.55% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,547K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 1,411K shares, representing an increase of 8.77%. The firm increased its portfolio allocation in ANF by 22.59% over the last quarter.
Marshall Wace, Llp holds 1,354K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 822K shares, representing an increase of 39.29%. The firm increased its portfolio allocation in ANF by 210.59% 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.
Additional reading:
- Abercrombie & Fitch Co. 2016 Long-Term Incentive Plan for Associates (as amended on June 8, 2023) (Filed herewith)
- Transcript of conference call held by management of Abercrombie & Fitch Co. on May 24, 2023
- Investor presentation of results for the first quarter ended April 29, 2023 made available by Abercrombie & Fitch Co. on May 24, 2023
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