Abercrombie & Fitch (NYSE:ANF) has been under the microscope of analysts in the last quarter, with 8 analysts weighing in on the company's prospects. The results are a mixed bag, with some analysts taking a bullish stance while others are more bearish.
A summary of the analysts' recent assessments reveals a shift in sentiment over the past 30 days. The table below breaks down the analysts' ratings, from bullish to bearish.
Bullish: 2, Somewhat Bullish: 2, Indifferent: 0, Somewhat Bearish: 0, Bearish: 0, Total Ratings: 4. This is compared to the preceding months, which saw a more bearish tone. Over the past month, analysts have maintained their somewhat bullish stance on the company.
When it comes to 12-month price targets, analysts are divided. The average target is $190.25, with a high estimate of $220.00 and a low estimate of $147.00. The current average target represents a decline of 0.32% from the prior average price target.
To better understand the reasoning behind these price targets, it's essential to delve into the recent analyst actions. Dana Telsey of Telsey Advisory Group maintains an outperform rating with a price target of $190.00. Corey Tarlowe of Jefferies raises the rating to buy with a price target of $220.00. Paul Lejuez of Citigroup announces a buy rating with a price target of $190.00.
On the other hand, Alexandra Steiger of Morgan Stanley lowers the rating to equal-weight with a price target of $147.00. Mauricio Serna of UBS also lowers the rating to neutral with a price target of $165.00.
One notable trend among analysts is the adjustment to price targets. While some analysts, like Dana Telsey, maintain their price target, others, like Corey Tarlowe, raise their target. This suggests that analysts are continually reassessing their expectations for the company based on evolving market conditions and company performance.
The recent analyst actions can provide valuable insights for investors. By analyzing the adjustments to ratings and price targets, investors can gain a deeper understanding of the company's prospects and make more informed investment decisions.
Ultimately, the mixed bag of analyst opinions highlights the complexity of Abercrombie & Fitch's position in the market. While some analysts see potential for growth, others are more cautious in their assessments. By staying informed about the latest analyst actions and market trends, investors can navigate the ever-changing landscape of the retail industry and make informed decisions about their investments.