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

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $176.71.

A number of equities research analysts have issued reports on ANF shares. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Argus downgraded shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, September 11th. Finally, Morgan Stanley decreased their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th.

Abercrombie & Fitch Stock Performance

NYSE ANF opened at $137.35 on Friday. The business’s fifty day moving average is $142.35 and its 200 day moving average is $151.33. Abercrombie & Fitch has a fifty-two week low of $64.87 and a fifty-two week high of $196.99. The company has a market capitalization of $7.02 billion, a PE ratio of 14.55 and a beta of 1.50.

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

Insider Buying and Selling

In other news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch 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 completion of the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Samir Desai sold 19,041 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch 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 transaction, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,541 shares of company stock worth $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its position in Abercrombie & Fitch by 24.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,838 shares of the apparel retailer’s stock valued at $5,154,000 after acquiring an additional 7,267 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Abercrombie & Fitch in the third quarter worth about $1,081,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Abercrombie & Fitch in the 3rd quarter worth about $238,000. North Growth Management Ltd. increased its stake in Abercrombie & Fitch by 1.2% in the 3rd quarter. North Growth Management Ltd. now owns 82,000 shares of the apparel retailer’s stock worth $11,402,000 after buying an additional 1,000 shares during the period. Finally, Entropy Technologies LP lifted its holdings in Abercrombie & Fitch by 273.8% during the 3rd quarter. Entropy Technologies LP now owns 11,400 shares of the apparel retailer’s stock valued at $1,595,000 after buying an additional 8,350 shares in the last quarter.

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.