Abercrombie & Fitch (NYSE:ANF) Given New $125.00 Price Target at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF) had its target price decreased by Telsey Advisory Group from $190.00 to $125.00 in a report issued on Thursday morning, MarketBeat reports. Telsey Advisory Group currently has an outperform rating on the apparel retailer’s stock.

Several other brokerages have also issued reports on ANF. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Raymond James cut their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price objective for the company from $173.00 to $220.00 in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced their target price on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.75.

Abercrombie & Fitch Stock Down 4.1 %

ANF opened at $83.67 on Thursday. Abercrombie & Fitch has a twelve month low of $79.77 and a twelve month high of $196.99. The company has a fifty day moving average of $123.78 and a 200-day moving average of $137.94. The stock has a market cap of $4.21 billion, a PE ratio of 8.28 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.09. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $2.97 EPS. Sell-side analysts anticipate that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its board has authorized a share buyback program on Wednesday, March 5th that allows the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 29.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Abercrombie & Fitch

Several large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $27,000. UMB Bank n.a. raised its position 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 buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC raised its position in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after buying an additional 123 shares during the last quarter. Private Trust Co. NA lifted its stake in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 132 shares during the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.