Abercrombie & Fitch Co. (NYSE:ANF) Receives $177.43 Consensus PT from Analysts

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $178.14.

A number of analysts recently weighed in on ANF shares. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Jefferies Financial Group boosted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. UBS Group boosted their price target on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday.

Insider Buying and Selling

In other news, EVP Samir Desai sold 19,041 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. This trade represents a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares in the company, valued at approximately $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Abercrombie & Fitch by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 48,338 shares of the apparel retailer’s stock valued at $6,762,000 after purchasing an additional 976 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Abercrombie & Fitch by 47.9% in the third quarter. Tidal Investments LLC now owns 8,757 shares of the apparel retailer’s stock valued at $1,225,000 after purchasing an additional 2,835 shares during the period. Optimist Retirement Group LLC grew its stake in shares of Abercrombie & Fitch by 22.8% in the third quarter. Optimist Retirement Group LLC now owns 1,708 shares of the apparel retailer’s stock worth $239,000 after acquiring an additional 317 shares in the last quarter. Invst LLC grew its stake in Abercrombie & Fitch by 22.6% during the 3rd quarter. Invst LLC now owns 3,472 shares of the apparel retailer’s stock worth $486,000 after purchasing an additional 639 shares in the last quarter. Finally, Virtue Capital Management LLC grew its position in shares of Abercrombie & Fitch by 1.9% during the third quarter. Virtue Capital Management LLC now owns 8,119 shares of the apparel retailer’s stock worth $1,136,000 after buying an additional 154 shares in the last quarter.

Abercrombie & Fitch Price Performance

Shares of NYSE ANF opened at $148.56 on Tuesday. The firm has a 50-day simple moving average of $143.64 and a two-hundred day simple moving average of $153.55. Abercrombie & Fitch has a 1 year low of $74.68 and a 1 year high of $196.99. The company has a market cap of $7.59 billion, a P/E ratio of 14.69 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.19. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned $1.83 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts expect that Abercrombie & Fitch will post 10.35 EPS for the current year.

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.