Abercrombie & Fitch Co. (NYSE:ANF) Given Average Recommendation of “Hold” by Brokerages

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $178.00.

A number of brokerages recently weighed in on ANF. UBS Group raised their target price on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Citigroup lifted their target price on Abercrombie & Fitch from $150.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Morgan Stanley upped their target price on Abercrombie & Fitch from $112.00 to $172.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Jefferies Financial Group lifted their price target on Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. raised shares of Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $167.00 to $194.00 in a research note on Monday, July 22nd.

Insider Buying and Selling

In related news, Director Kenneth B. Robinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the sale, the director now directly owns 5,880 shares in the company, valued at $1,009,066.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Kenneth B. Robinson sold 1,300 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total transaction of $223,093.00. Following the transaction, the director now directly owns 5,880 shares in the company, valued at approximately $1,009,066.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James A. Goldman sold 4,120 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $176.48, for a total transaction of $727,097.60. Following the completion of the transaction, the director now directly owns 7,565 shares in the company, valued at $1,335,071.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,120 shares of company stock valued at $3,875,693. Corporate insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors have recently made changes to their positions in the company. Matrix Trust Co acquired a new stake in shares of Abercrombie & Fitch in the 2nd quarter valued at $35,000. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% in the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Abercrombie & Fitch by 51.4% during the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 107 shares in the last quarter. CWM LLC increased its holdings in shares of Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock valued at $94,000 after acquiring an additional 376 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Abercrombie & Fitch in the 4th quarter valued at approximately $49,000.

Abercrombie & Fitch Trading Up 1.9 %

Shares of Abercrombie & Fitch stock opened at $165.08 on Friday. The business has a fifty day simple moving average of $165.57 and a 200-day simple moving average of $141.74. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 20.53 and a beta of 1.54. Abercrombie & Fitch has a fifty-two week low of $40.50 and a fifty-two week high of $196.99. The company has a quick ratio of 1.15, a current ratio of 1.64 and a debt-to-equity ratio of 0.20.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.48. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $967.37 million. Abercrombie & Fitch had a net margin of 9.53% and a return on equity of 44.83%. Abercrombie & Fitch’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. On average, equities analysts forecast that Abercrombie & Fitch will post 9.35 EPS for the current fiscal year.

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.