Abercrombie & Fitch’s (ANF) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF) in a report published on Thursday,Benzinga reports. They currently have a $125.00 target price on the apparel retailer’s stock.

Several other research analysts have also commented on the company. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $135.00 in a research report on Wednesday, January 21st. BTIG Research reiterated a “buy” rating on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th. UBS Group decreased their price target on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Zacks Research upgraded shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Morgan Stanley increased their price target on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average price target of $120.90.

Abercrombie & Fitch Stock Performance

ANF opened at $97.79 on Thursday. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $133.11. The firm has a 50 day moving average price of $106.35 and a 200 day moving average price of $93.39. The company has a market cap of $4.48 billion, a PE ratio of 9.38 and a beta of 1.19.

Insider Buying and Selling

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 103,200 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the transaction, the chief executive officer owned 605,303 shares of the company’s stock, valued at approximately $59,640,504.59. This trade represents a 14.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 350,000 shares of company stock worth $34,661,358. 2.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in Abercrombie & Fitch by 181.6% during the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in Abercrombie & Fitch by 322.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 190 shares in the last quarter. Larson Financial Group LLC grew its holdings in Abercrombie & Fitch by 120.3% during the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 148 shares during the period. Blue Trust Inc. acquired a new stake in Abercrombie & Fitch in the 3rd quarter valued at about $38,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Abercrombie & Fitch by 108.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 250 shares in the last quarter.

About Abercrombie & Fitch

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.