Abercrombie & Fitch Co. (NYSE:ANF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Abercrombie & Fitch Co. (NYSE:ANFGet Free Report) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $122.71.

ANF has been the subject of a number of research reports. Citigroup increased their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $152.00 target price (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. UBS Group increased their target price on Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Jefferies Financial Group increased their target price on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Friday, April 12th.

Check Out Our Latest Stock Report on ANF

Insider Activity

In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of Abercrombie & Fitch stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the transaction, the executive vice president now owns 1,014 shares in the company, valued at $127,165.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Abercrombie & Fitch news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the sale, the executive vice president now owns 1,014 shares of the company’s stock, valued at $127,165.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kerrii B. Anderson sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.33, for a total value of $381,990.00. Following the completion of the sale, the director now directly owns 45,878 shares of the company’s stock, valued at approximately $5,841,645.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,786 shares of company stock worth $20,096,812. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its holdings in Abercrombie & Fitch by 12,439.3% in the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after acquiring an additional 5,271,516 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in Abercrombie & Fitch by 172.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,843,459 shares of the apparel retailer’s stock valued at $42,234,000 after acquiring an additional 1,165,872 shares during the period. Pacer Advisors Inc. lifted its holdings in Abercrombie & Fitch by 101.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock valued at $119,288,000 after acquiring an additional 681,375 shares during the period. Millennium Management LLC lifted its holdings in Abercrombie & Fitch by 149.9% in the second quarter. Millennium Management LLC now owns 1,121,848 shares of the apparel retailer’s stock valued at $18,982,000 after acquiring an additional 672,933 shares during the period. Finally, Balyasny Asset Management LLC lifted its holdings in Abercrombie & Fitch by 48.4% in the third quarter. Balyasny Asset Management LLC now owns 1,811,477 shares of the apparel retailer’s stock valued at $28,168,000 after acquiring an additional 590,747 shares during the period.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $110.36 on Monday. Abercrombie & Fitch has a 52 week low of $21.74 and a 52 week high of $140.28. The firm has a market capitalization of $5.63 billion, a P/E ratio of 17.74 and a beta of 1.58. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $123.25 and a 200-day moving average price of $96.08.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. Equities research analysts anticipate that Abercrombie & Fitch will post 7.48 earnings per share for the current year.

Abercrombie & Fitch Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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