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

Abercrombie & Fitch Co. (NYSE:ANF) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $178.14.

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

Insider Activity

In other news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds have recently made changes to their positions in ANF. Price T Rowe Associates Inc. MD raised its position 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 valued at $56,969,000 after buying an additional 141,788 shares during the period. Comerica Bank boosted its holdings in shares of Abercrombie & Fitch by 34.3% during the first quarter. Comerica Bank now owns 57,699 shares of the apparel retailer’s stock worth $7,231,000 after purchasing an additional 14,736 shares during the period. Cetera Investment Advisers grew its position in 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 in the last quarter. Cetera Advisors LLC acquired a new position in Abercrombie & Fitch in the 1st quarter valued at approximately $674,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Abercrombie & Fitch by 64.4% in the 1st 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 buying an additional 10,556 shares in the last quarter.

Abercrombie & Fitch Trading Up 5.1 %

Shares of NYSE:ANF opened at $157.31 on Tuesday. The firm’s 50 day moving average is $143.98 and its two-hundred day moving average is $153.87. The firm has a market capitalization of $8.04 billion, a P/E ratio of 15.56 and a beta of 1.50. Abercrombie & Fitch has a 52 week low of $75.69 and a 52 week high of $196.99.

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

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.