Abercrombie & Fitch Co. (NYSE:ANF) Receives $179.50 Consensus Price Target from Brokerages

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $179.50.

Several analysts have issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group increased their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Raymond James assumed coverage on Abercrombie & Fitch in a research report on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective on the stock. Finally, StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $152.96 on Friday. The company’s 50 day simple moving average is $146.29 and its two-hundred day simple moving average is $152.87. The stock has a market capitalization of $7.71 billion, a PE ratio of 15.13 and a beta of 1.52. Abercrombie & Fitch has a 1 year low of $86.91 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.83 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 14.4% on a year-over-year basis. On average, research analysts anticipate that Abercrombie & Fitch will post 10.61 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds have recently modified their holdings of the business. Wolff Wiese Magana LLC lifted its position in shares of Abercrombie & Fitch by 6.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after buying an additional 65 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in Abercrombie & Fitch by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after acquiring an additional 74 shares during the last quarter. Atria Investments Inc lifted its position in shares of Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after buying an additional 80 shares in the last quarter. Sage Rhino Capital LLC boosted its position in shares of Abercrombie & Fitch by 5.5% during the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after acquiring an additional 89 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in Abercrombie & Fitch by 3.6% during the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after purchasing an additional 115 shares during the last quarter.

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.