Abercrombie & Fitch Co. (NYSE:ANF) Receives $177.43 Consensus Price Target from Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $178.14.

ANF has been the topic of several analyst reports. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. UBS Group boosted their target price on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Morgan Stanley boosted their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th.

Abercrombie & Fitch Stock Performance

Shares of NYSE ANF opened at $157.31 on Tuesday. The business has a 50 day simple moving average of $143.98 and a 200 day simple moving average of $153.87. Abercrombie & Fitch has a 52 week low of $75.69 and a 52 week high of $196.99. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 15.56 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 earnings per share. On average, analysts predict that Abercrombie & Fitch will post 10.52 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. This trade represents a 40.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the transaction, the director now owns 37,470 shares in the company, valued at $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Abercrombie & Fitch by 45.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock worth $56,969,000 after buying an additional 141,788 shares in the last quarter. Comerica Bank lifted its holdings in shares of Abercrombie & Fitch by 34.3% during the 1st quarter. Comerica Bank now owns 57,699 shares of the apparel retailer’s stock worth $7,231,000 after acquiring an additional 14,736 shares during the period. Cetera Investment Advisers boosted its position in shares of Abercrombie & Fitch by 209.2% during the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after acquiring an additional 32,915 shares in the last quarter. Cetera Advisors LLC bought a new stake in Abercrombie & Fitch in the first quarter valued at about $674,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in Abercrombie & Fitch by 64.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 26,944 shares of the apparel retailer’s stock worth $3,377,000 after purchasing an additional 10,556 shares in 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.