Abercrombie stock could top $100 in a year -Barron's

NEW YORK Feb 24 (Reuters) - Fashion retailer Abercrombie & Fitch Co (ANF.N) is likely to keep up its double-digit profit growth and its stock looks cheap, financial weekly Barron's said, citing an analyst's forecast for the shares to reach $100.

The report quoted Richard Jaffe, a Stifel Nicolaus analyst, as saying the shares could hit $100 within the next 12 months.

The shares closed on Friday at $77.48, up 1.27 percent from a day earlier but down more than 3 percent year-on-year. They look reasonably priced at around 11 times Jaffe's forecast for the company's 2009 earnings, Barron's said.

The report the trendy, youth-targeted retailer's international expansion, still in early stages, looked promising.

Abercrombie & Fitch earlier this month forecast weaker-than-expected earnings for the first half of 2008, but analysts have said it was being conservative. (Reporting by Ritsuko Ando. editing by Gunna Dickson)