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

Shares of Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) have earned an average rating of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $176.71.

ANF has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Abercrombie & Fitch from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Friday, August 30th. UBS Group cut their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Jefferies Financial Group lifted their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Argus lowered Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Thursday, July 11th. Finally, Morgan Stanley dropped their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an "equal weight" rating for the company in a research report on Thursday, August 29th.

Abercrombie & Fitch Stock Down 0.4 %

ANF traded down $0.58 during trading on Friday, reaching $131.21. The company's stock had a trading volume of 633,858 shares, compared to its average volume of 1,688,492. Abercrombie & Fitch has a 1 year low of $62.23 and a 1 year high of $196.99. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 14.00 and a beta of 1.49. The firm has a fifty day simple moving average of $143.67 and a two-hundred day simple moving average of $150.49.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.36. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. As a group, equities analysts forecast that Abercrombie & Fitch will post 10.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Helen Mccluskey sold 3,500 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares of the company's stock, valued at $5,222,568.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares of the company's stock, valued at $3,676,109.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,541 shares of company stock worth $4,310,256. Corporate insiders own 2.58% of the company's stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Large investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. purchased a new stake in Abercrombie & Fitch during the first quarter worth about $306,000. Allspring Global Investments Holdings LLC purchased a new stake in Abercrombie & Fitch in the 1st quarter valued at about $120,000. First Trust Direct Indexing L.P. acquired a new position in Abercrombie & Fitch during the first quarter worth approximately $203,000. Sequoia Financial Advisors LLC purchased a new position in shares of Abercrombie & Fitch in the 1st quarter worth $241,000. Finally, Mission Wealth Management LP acquired a new position in shares of Abercrombie & Fitch in the 1st quarter valued at about $606,000.

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.