Abercrombie & Fitch Co. (NYSE:ANF) Receives $183.50 Consensus PT from Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $182.25.

Several equities analysts recently commented on ANF shares. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Morgan Stanley cut their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, January 14th.

Abercrombie & Fitch Price Performance

ANF stock opened at $125.97 on Wednesday. The business’s 50-day moving average is $146.71 and its two-hundred day moving average is $147.61. The firm has a market capitalization of $6.35 billion, a P/E ratio of 12.46 and a beta of 1.52. Abercrombie & Fitch has a 1 year low of $100.84 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts expect that Abercrombie & Fitch will post 10.64 EPS for the current year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the sale, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently bought and sold shares of ANF. Wolff Wiese Magana LLC lifted its stake in shares of Abercrombie & Fitch by 6.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock worth $150,000 after acquiring an additional 65 shares during the period. Chartwell Investment Partners LLC raised its holdings in Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after purchasing an additional 74 shares in the last quarter. Atria Investments Inc lifted its position in Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock valued at $219,000 after purchasing an additional 80 shares during the period. UMB Bank n.a. boosted its holdings in Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.