Abercrombie & Fitch Co. (NYSE:ANF) Headed Northwards


Dallas, Texas 05/05/2014 (FINANCIALSTRENDS) – Abercrombie & Fitch Co.(NYSE:ANF) is on a roll, with the apparel retailer with specialized product range reporting a strong rally on the stock markets. The rally was noted following a substantial upgrade by analysts Jefferies. Their research note had recommended a Hold over Buy.

Considering that the upbeat recommendations soon began to pour in from other analysts as well, the prices rallied and are continuing to rally in the next business day as well!

Konik predicts 36% upside

Other analysts who are driving this rally include – Randal Konik, the analyst moving the target price from the earlier $37 to an ambitious $50. The upward price target revision, according to Konik was based on the 36% upside, the stock currently holds.

In effect, it has led to those investors who are averse to momentum loss that the company saw in the past year due to the fall in prices, now seeking out Abercrombie & Fitch Co.(NYSE:ANF), thanks to research notes by Konik and Co.

Konik has indicated in his sentiment for this stock thus: “Amidst a tough retail backdrop, mgmt has taken numerous actions of late that we believe position the company very well for significant operating margin expansion (at least 300 bps over the next few years from 5.4% in FY’14) and EPS growth as brand credibility is restored and sales recover,”

Analyst Valuation of ANF: attractive

Abercrombie & Fitch Co.(NYSE:ANF) dream run northwards on the stock price market is definitely attributed to analysts’ draw that the current valuation is hugely ‘attractive entry point.’ The stock definitely has the balance sheet which will allow the company to see much forward Profit and Earnings though on the lower side.

ANF with its positive attributes will definitely offer much room for growth for investors with this scenario on play!

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.