Abercrombie & Fitch Co. (NYSE:ANF) Receives Consensus Rating of “Moderate Buy” from Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $176.71.

A number of analysts have commented on ANF shares. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. UBS Group cut their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Jefferies Financial Group boosted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, August 30th. Finally, Argus downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Insider Buying and Selling at Abercrombie & Fitch

In other news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 106,455 shares in the company, valued at approximately $15,627,594. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Helen Mccluskey sold 3,500 shares of the firm’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 transaction of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock worth $4,310,256 over the last three months. Company insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently made changes to their positions in the company. Matrix Trust Co bought a new stake in shares of Abercrombie & Fitch during the second quarter valued at approximately $35,000. Quarry LP grew its position in Abercrombie & Fitch by 156.0% in the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the period. CWM LLC boosted its stake in shares of Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after acquiring an additional 376 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock valued at $112,000 after buying an additional 624 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its stake in shares of Abercrombie & Fitch by 66.1% during the 2nd quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock valued at $132,000 after buying an additional 295 shares in the last quarter.

Abercrombie & Fitch Trading Up 4.5 %

ANF stock opened at $149.72 on Monday. The stock has a 50-day moving average price of $144.89 and a 200-day moving average price of $147.87. Abercrombie & Fitch has a 1-year low of $57.78 and a 1-year high of $196.99. The firm has a market cap of $7.65 billion, a PE ratio of 15.86 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.36. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. On average, analysts forecast that Abercrombie & Fitch will post 10.26 earnings per share 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.