Abercrombie & Fitch Co. (NYSE:ANF) Receives $179.50 Consensus PT from Brokerages

Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $179.50.

Several equities analysts recently weighed in on the company. Citigroup upgraded Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Friday, August 30th. Morgan Stanley boosted their price objective 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. StockNews.com cut shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an "overweight" rating in a report on Friday. Finally, Raymond James began coverage on shares of Abercrombie & Fitch in a research note on Friday, December 6th. They issued an "outperform" rating and a $180.00 price objective for the company.

Abercrombie & Fitch Price Performance

ANF stock traded up $1.31 during trading on Friday, reaching $154.56. The company had a trading volume of 3,540,339 shares, compared to its average volume of 1,721,162. Abercrombie & Fitch has a 52 week low of $86.91 and a 52 week high of $196.99. The business has a 50 day moving average of $146.19 and a 200 day moving average of $153.28. The company has a market cap of $7.79 billion, a P/E ratio of 15.29 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 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Research analysts expect that Abercrombie & Fitch will post 10.61 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, COO Scott D. Lipesky sold 8,605 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the transaction, the chief operating officer now directly owns 97,850 shares of the company's stock, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock worth $2,631,741 over the last 90 days. 2.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds have recently made changes to their positions in the company. DGS Capital Management LLC bought a new position in Abercrombie & Fitch in the third quarter worth approximately $211,000. Retirement Systems of Alabama bought a new position in shares of Abercrombie & Fitch in the 3rd quarter worth $8,685,000. Franklin Resources Inc. lifted its stake in shares of Abercrombie & Fitch by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 48,338 shares of the apparel retailer's stock worth $6,762,000 after purchasing an additional 976 shares during the last quarter. Tidal Investments LLC boosted its position in Abercrombie & Fitch by 47.9% during the third quarter. Tidal Investments LLC now owns 8,757 shares of the apparel retailer's stock valued at $1,225,000 after purchasing an additional 2,835 shares in the last quarter. Finally, Optimist Retirement Group LLC raised its holdings in Abercrombie & Fitch by 22.8% in the third quarter. Optimist Retirement Group LLC now owns 1,708 shares of the apparel retailer's stock worth $239,000 after purchasing an additional 317 shares in the last quarter.

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.