Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) Price Target at $122.71

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $122.71.

ANF has been the topic of several analyst reports. Morgan Stanley increased their target price on Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. UBS Group boosted their target price on shares of Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Telsey Advisory Group restated an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a research note on Wednesday, March 6th. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Argus increased their price objective on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th.

Abercrombie & Fitch Trading Down 2.1 %

NYSE ANF opened at $113.51 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. Abercrombie & Fitch has a one year low of $21.74 and a one year high of $140.28. The company has a 50-day simple moving average of $123.21 and a 200-day simple moving average of $95.06. The firm has a market capitalization of $5.79 billion, a PE ratio of 18.25 and a beta of 1.58.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.14. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. Abercrombie & Fitch’s revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the company posted $0.81 earnings per share. On average, equities analysts forecast that Abercrombie & Fitch will post 7.48 earnings per share for the current year.

Insider Activity

In other news, insider Kristin A. Scott sold 120,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $126.15, for a total value of $15,138,000.00. Following the completion of the sale, the insider now owns 38,208 shares in the company, valued at $4,819,939.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the transaction, the executive vice president now owns 1,014 shares in the company, valued at $127,165.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kristin A. Scott sold 120,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $126.15, for a total value of $15,138,000.00. Following the sale, the insider now owns 38,208 shares of the company’s stock, valued at approximately $4,819,939.20. The disclosure for this sale can be found here. Insiders sold 158,786 shares of company stock worth $20,096,812 over the last three months. Corporate insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds have recently modified their holdings of ANF. MetLife Investment Management LLC boosted its position in shares of Abercrombie & Fitch by 42.3% in the 1st quarter. MetLife Investment Management LLC now owns 29,951 shares of the apparel retailer’s stock valued at $958,000 after purchasing an additional 8,902 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Abercrombie & Fitch by 9.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,703 shares of the apparel retailer’s stock valued at $1,558,000 after buying an additional 4,049 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Abercrombie & Fitch by 41.7% in the first quarter. LSV Asset Management now owns 318,200 shares of the apparel retailer’s stock worth $10,179,000 after buying an additional 93,600 shares during the period. Allianz Asset Management GmbH increased its position in shares of Abercrombie & Fitch by 23.5% in the first quarter. Allianz Asset Management GmbH now owns 252,944 shares of the apparel retailer’s stock worth $8,092,000 after acquiring an additional 48,078 shares in the last quarter. Finally, Divisar Capital Management LLC raised its holdings in shares of Abercrombie & Fitch by 43.2% during the first quarter. Divisar Capital Management LLC now owns 868,421 shares of the apparel retailer’s stock valued at $27,781,000 after acquiring an additional 261,824 shares during the period.

Abercrombie & Fitch Company Profile

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.