Abercrombie & Fitch (NYSE:ANF) Earns Outperform Rating from Analysts at Raymond James

Raymond James began coverage on shares of Abercrombie & Fitch (NYSE:ANF - Free Report) in a research note published on Friday morning, Marketbeat.com reports. The firm issued an outperform rating and a $180.00 target price on the apparel retailer's stock.

A number of other brokerages have also recently commented on ANF. Telsey Advisory Group reiterated an "outperform" rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Citigroup raised shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. UBS Group lifted their price target on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their price objective on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.38.

Abercrombie & Fitch Stock Up 0.9 %

NYSE ANF traded up $1.40 during trading on Friday, hitting $151.35. 1,517,678 shares of the stock traded hands, compared to its average volume of 1,705,167. Abercrombie & Fitch has a 12-month low of $76.82 and a 12-month high of $196.99. The firm has a 50-day simple moving average of $145.29 and a 200-day simple moving average of $154.15. The company has a market capitalization of $7.73 billion, a P/E ratio of 15.23 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion during 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 revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $1.83 earnings per share. As a group, research analysts predict that Abercrombie & Fitch will post 10.52 EPS for the current fiscal year.

Insider Activity at Abercrombie & Fitch

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wolff Wiese Magana LLC boosted its stake in Abercrombie & Fitch by 6.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer's stock valued at $150,000 after acquiring an additional 65 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in shares of Abercrombie & Fitch by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer's stock worth $1,322,000 after purchasing an additional 74 shares in the last quarter. Atria Investments Inc grew its stake in Abercrombie & Fitch by 5.4% during the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer's stock worth $219,000 after buying an additional 80 shares during the last quarter. Sage Rhino Capital LLC increased its position in Abercrombie & Fitch by 5.5% during the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer's stock valued at $301,000 after buying an additional 89 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in Abercrombie & Fitch by 3.6% in the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer's stock valued at $583,000 after buying an additional 115 shares during 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.