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

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $178.14.

Several research analysts recently weighed in on ANF shares. UBS Group raised their target price on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Jefferies Financial Group increased their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 40.49 % decrease in their position. 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 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 transaction, the director now owns 37,470 shares in the company, valued at approximately $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 insiders.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors have recently bought and sold shares of ANF. Westfield Capital Management Co. LP bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter valued at approximately $73,048,000. Renaissance Technologies LLC lifted its stake in Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after acquiring an additional 512,700 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Abercrombie & Fitch by 2,036.5% in the second quarter. Assenagon Asset Management S.A. now owns 419,560 shares of the apparel retailer’s stock worth $74,615,000 after acquiring an additional 399,922 shares in the last quarter. Driehaus Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 283.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 303,896 shares of the apparel retailer’s stock worth $54,045,000 after purchasing an additional 224,555 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Abercrombie & Fitch by 293.7% during the 2nd quarter. Bank of Montreal Can now owns 286,434 shares of the apparel retailer’s stock valued at $51,043,000 after purchasing an additional 213,684 shares in the last quarter.

Abercrombie & Fitch Stock Up 0.8 %

ANF stock opened at $149.69 on Tuesday. The company has a market capitalization of $7.65 billion, a P/E ratio of 14.81 and a beta of 1.50. The company has a 50-day simple moving average of $143.98 and a 200 day simple moving average of $153.63. Abercrombie & Fitch has a fifty-two week low of $75.18 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the business earned $1.83 earnings per share. Equities analysts anticipate that Abercrombie & Fitch will post 10.49 EPS 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.