Abercrombie & Fitch Co. (NYSE:ANF) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $182.25.

ANF has been the topic of several recent research reports. UBS Group upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and raised their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. Raymond James lowered their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday. Telsey Advisory Group reissued an "outperform" rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research note on Tuesday. Morgan Stanley reduced their price objective on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a research report on Friday, December 20th.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the completion of the sale, the director now directly owns 6,405 shares in the company, valued at $1,024,800. This represents a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the transaction, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. This trade represents a 8.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,401 shares of company stock worth $2,631,741. Company insiders own 2.58% of the company's stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer's stock worth $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA lifted its holdings in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer's stock valued at $44,000 after purchasing an additional 272 shares in the last quarter. Quarry LP boosted its position in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer's stock worth $50,000 after buying an additional 170 shares during the period. GAMMA Investing LLC boosted its position in shares of Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer's stock worth $110,000 after buying an additional 222 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Abercrombie & Fitch by 8,914.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer's stock worth $112,000 after buying an additional 624 shares in the last quarter.

Abercrombie & Fitch Price Performance

Shares of ANF stock traded down $1.28 during trading hours on Wednesday, reaching $130.11. 2,732,144 shares of the company were exchanged, compared to its average volume of 2,743,391. Abercrombie & Fitch has a fifty-two week low of $95.51 and a fifty-two week high of $196.99. The stock's fifty day moving average is $147.83 and its two-hundred day moving average is $149.40. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 12.87 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. On average, research analysts anticipate that Abercrombie & Fitch will post 10.61 earnings per share for the current year.

About Abercrombie & Fitch

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.