Abercrombie & Fitch (NYSE:ANF) Earns Outperform Rating from Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reissued by analysts at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They currently have a $190.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 27.87% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. UBS Group raised their target price on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday, August 30th. Jefferies Financial Group increased their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley dropped their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $178.14.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $148.59 on Tuesday. Abercrombie & Fitch has a 1 year low of $74.68 and a 1 year high of $196.99. The company’s 50 day simple moving average is $143.37 and its 200 day simple moving average is $153.58. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.83 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 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.19. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $1.83 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts expect that Abercrombie & Fitch will post 10.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The trade was a 40.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares in the company, valued at $15,627,594. The trade was a 7.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,541 shares of company stock worth $4,310,256 in the last three months. 2.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its stake in Abercrombie & Fitch by 228.9% during the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after purchasing an additional 19,222 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Abercrombie & Fitch by 8.8% during the second quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock worth $19,986,000 after acquiring an additional 9,061 shares during the period. Cetera Advisors LLC bought a new position in Abercrombie & Fitch in the first quarter worth about $674,000. Wedge Capital Management L L P NC boosted its stake in Abercrombie & Fitch by 37.0% in the third quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer’s stock valued at $50,711,000 after acquiring an additional 97,893 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Abercrombie & Fitch by 209.2% during the first quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after purchasing an additional 32,915 shares during 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.