Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) PT at $182.25

Shares of Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $182.25.

A number of equities analysts have commented on ANF shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. UBS Group upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and raised their target price for the company from $173.00 to $220.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Raymond James decreased their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an "outperform" rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com upgraded Abercrombie & Fitch from a "hold" rating to a "buy" rating in a research note on Monday, January 13th.

Abercrombie & Fitch Stock Down 0.6 %

Shares of ANF stock traded down $0.66 on Friday, hitting $108.76. The stock had a trading volume of 1,725,152 shares, compared to its average volume of 2,215,293. Abercrombie & Fitch has a one year low of $106.10 and a one year high of $196.99. The business has a 50 day moving average price of $138.10 and a 200 day moving average price of $142.76. The company has a market cap of $5.48 billion, a PE ratio of 10.76 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company's revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 EPS. Equities research analysts expect that Abercrombie & Fitch will post 10.64 EPS for the current year.

Insider Activity

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of Abercrombie & Fitch 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 completion of the sale, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $148.51, for a total transaction of $880,070.26. Following the completion of the sale, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % 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 valued at $2,631,741. Company insiders own 2.58% of the company's stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several institutional investors and hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. purchased a new position in Abercrombie & Fitch during the fourth quarter valued at approximately $212,000. Lmcg Investments LLC grew its stake in shares of Abercrombie & Fitch by 11.2% during the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer's stock worth $3,687,000 after purchasing an additional 2,479 shares during the period. Empirical Finance LLC increased its holdings in shares of Abercrombie & Fitch by 87.2% during the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer's stock valued at $1,318,000 after purchasing an additional 4,108 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Abercrombie & Fitch by 228.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer's stock valued at $3,864,000 after purchasing an additional 19,222 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Abercrombie & Fitch by 96.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the apparel retailer's stock worth $3,412,000 after buying an additional 11,208 shares in the last quarter.

Abercrombie & Fitch Company Profile

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.