Abercrombie Fitch Receives a Hold from Oppenheimer

By Austin Angelo

Oppenheimer analyst Anna Andreeva assigned a Hold rating to Abercrombie Fitch (NYSE: ANF) today. The company’s shares opened today at $15.05, close to its 52-week low of $14.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 1.6% and a 44.2% success rate. Andreeva covers the Services sector, focusing on stocks such as Ascena Retail Group, Children’s Place, and Urban Outfitters.

Currently, the analyst consensus on Abercrombie Fitch is Hold and the average price target is $18.40, representing a 22.3% upside.

In a report issued on November 14, Wolfe Research also downgraded the stock to Hold.

The company has a one year high of $32.83 and a one year low of $14. Currently, Abercrombie Fitch has an average volume of 3.24M.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ANF in relation to earlier this year. Most recently, in September 2016, Fran Horowitz-Bonadies, the President of Hollister brand of ANF bought 15,000 shares for a total of $259,800.

Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It also operates stores and direct-to-consumer operations. It sells casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, outerwear, personal care products and accessories for men, women and kids under the Abercrombie & Fitch, Abercrombie, Hollister, RUEHL brands and Gilly Hicks brand. It operates through the Abercrombie and Hollister segments. The Abercrombie segment includes brands Abercrombie and Fitch and Abercrombie Kids. The company was founded in 1892 and is headquartered in New Albany, OH.