Abercrombie & Fitch (NYSE:ANF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Abercrombie & Fitch (NYSE:ANF) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research analysts have also weighed in on the company. Citigroup raised their price objective on Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. UBS Group increased their target price on Abercrombie & Fitch from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group began coverage on shares of Abercrombie & Fitch in a research report on Thursday. They issued a “buy” rating and a $120.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.10.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $118.74 on Friday. The firm has a market cap of $5.45 billion, a P/E ratio of 11.38 and a beta of 1.17. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $164.80. The company has a 50 day simple moving average of $79.98 and a two-hundred day simple moving average of $86.06.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 earnings per share. On average, sell-side analysts anticipate that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ANF. Cantor Fitzgerald L. P. increased its position in shares of Abercrombie & Fitch by 10.6% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 25,191 shares of the apparel retailer’s stock valued at $2,155,000 after buying an additional 2,418 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Abercrombie & Fitch in the third quarter worth about $430,000. Centaurus Financial Inc. acquired a new stake in shares of Abercrombie & Fitch during the third quarter worth about $111,000. Coldstream Capital Management Inc. bought a new position in shares of Abercrombie & Fitch during the 3rd quarter valued at about $213,000. Finally, Danske Bank A S bought a new stake in Abercrombie & Fitch during the 3rd quarter worth approximately $644,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.