Abercrombie & Fitch Company (NYSE:ANF) Receives $124.60 Average PT from Analysts

Abercrombie & Fitch Company (NYSE:ANF) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $124.60.

A number of equities research analysts recently weighed in on ANF shares. Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. dropped their price target on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $145.00 price objective on shares of Abercrombie & Fitch in a report on Monday, January 5th. Finally, The Goldman Sachs Group started coverage on shares of Abercrombie & Fitch in a research note on Thursday, December 11th. They set a “buy” rating and a $120.00 price objective on the stock.

Abercrombie & Fitch Stock Up 0.6%

Shares of NYSE ANF opened at $97.68 on Friday. The firm’s 50-day moving average price is $107.35 and its two-hundred day moving average price is $93.44. Abercrombie & Fitch has a 52-week low of $65.40 and a 52-week high of $133.11. The stock has a market capitalization of $4.48 billion, a P/E ratio of 9.37 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Fran Horowitz sold 100,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $95.40, for a total value of $9,540,000.00. Following the sale, the chief executive officer directly owned 505,303 shares of the company’s stock, valued at approximately $48,205,906.20. This represents a 16.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in Abercrombie & Fitch by 1.1% during the second quarter. AQR Capital Management LLC now owns 1,978,142 shares of the apparel retailer’s stock worth $163,889,000 after acquiring an additional 22,215 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Abercrombie & Fitch by 5,749.6% during the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock valued at $102,148,000 after purchasing an additional 1,173,601 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Abercrombie & Fitch by 41.2% in the third quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock valued at $100,691,000 after purchasing an additional 343,288 shares during the last quarter. Boston Partners grew its stake in shares of Abercrombie & Fitch by 102.5% in the third quarter. Boston Partners now owns 1,094,023 shares of the apparel retailer’s stock valued at $92,940,000 after buying an additional 553,889 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in Abercrombie & Fitch by 10,469.4% in the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after purchasing an additional 983,705 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.