Telsey Advisory Group Reiterates Outperform Rating for Abercrombie & Fitch (NYSE:ANF)

Telsey Advisory Group restated their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF) in a report published on Tuesday morning,Benzinga reports. They currently have a $190.00 target price on the apparel retailer’s stock.

A number of other equities analysts also recently weighed in on ANF. JPMorgan Chase & Co. boosted their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Jefferies Financial Group raised their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley reduced their price objective on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Finally, UBS Group increased their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Abercrombie & Fitch has an average rating of “Moderate Buy” and a consensus target price of $177.43.

Abercrombie & Fitch Trading Down 5.0 %

NYSE ANF opened at $146.70 on Tuesday. The company has a market cap of $7.49 billion, a PE ratio of 15.53 and a beta of 1.50. Abercrombie & Fitch has a 12 month low of $72.98 and a 12 month high of $196.99. The stock has a 50 day moving average of $143.13 and a 200-day moving average of $153.46.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.83 earnings per share. As a group, sell-side analysts predict that Abercrombie & Fitch will post 10.35 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at approximately $15,627,594. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,541 shares of company stock valued at $4,310,256 in the last ninety days. 2.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Abercrombie & Fitch

Large investors have recently modified their holdings of the stock. Tidal Investments LLC lifted its position in Abercrombie & Fitch by 47.9% during the third quarter. Tidal Investments LLC now owns 8,757 shares of the apparel retailer’s stock worth $1,225,000 after purchasing an additional 2,835 shares during the period. Optimist Retirement Group LLC increased its holdings in Abercrombie & Fitch by 22.8% in the 3rd quarter. Optimist Retirement Group LLC now owns 1,708 shares of the apparel retailer’s stock valued at $239,000 after buying an additional 317 shares during the period. Invst LLC raised its position in shares of Abercrombie & Fitch by 22.6% in the 3rd quarter. Invst LLC now owns 3,472 shares of the apparel retailer’s stock valued at $486,000 after buying an additional 639 shares in the last quarter. Virtue Capital Management LLC lifted its holdings in shares of Abercrombie & Fitch by 1.9% during the 3rd quarter. Virtue Capital Management LLC now owns 8,119 shares of the apparel retailer’s stock worth $1,136,000 after acquiring an additional 154 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $970,000.

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.