Abercrombie & Fitch Co. (NYSE:ANF) Receives $110.00 Consensus Target Price from Brokerages

Abercrombie & Fitch Co. (NYSE:ANF) has been assigned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $110.00.

A number of research analysts have recently commented on the company. UBS Group increased their price target on Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Jefferies Financial Group raised their target price on Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley raised their target price on Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $152.00 target price (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Finally, Citigroup raised their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th.

Insiders Place Their Bets

In other news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the sale, the executive vice president now directly owns 1,014 shares in the company, valued at approximately $127,165.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the sale, the executive vice president now directly owns 1,014 shares in the company, valued at approximately $127,165.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kristin A. Scott sold 80,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $96.25, for a total value of $7,700,000.00. Following the completion of the sale, the insider now owns 148,485 shares of the company’s stock, valued at $14,291,681.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,786 shares of company stock worth $32,608,812. Company insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Abercrombie & Fitch by 2.2% in the 1st quarter. BlackRock Inc. now owns 8,299,726 shares of the apparel retailer’s stock valued at $230,317,000 after acquiring an additional 177,790 shares in the last quarter. Vanguard Group Inc. lifted its position in Abercrombie & Fitch by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,191,102 shares of the apparel retailer’s stock valued at $348,992,000 after acquiring an additional 146,384 shares in the last quarter. FMR LLC lifted its position in Abercrombie & Fitch by 12,439.3% in the 3rd quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after acquiring an additional 5,271,516 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Abercrombie & Fitch by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,386,731 shares of the apparel retailer’s stock valued at $127,613,000 after acquiring an additional 114,744 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Abercrombie & Fitch by 2.1% during the 1st quarter. State Street Corp now owns 2,121,400 shares of the apparel retailer’s stock worth $58,869,000 after buying an additional 44,221 shares in the last quarter.

Abercrombie & Fitch Stock Down 0.5 %

NYSE ANF opened at $121.37 on Thursday. The business has a fifty day moving average price of $118.17 and a two-hundred day moving average price of $87.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. Abercrombie & Fitch has a fifty-two week low of $21.74 and a fifty-two week high of $140.28. The stock has a market capitalization of $6.12 billion, a PE ratio of 19.51 and a beta of 1.59.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $0.81 EPS. Abercrombie & Fitch’s revenue was up 21.1% compared to the same quarter last year. Equities analysts expect that Abercrombie & Fitch will post 7.48 earnings per share for the current fiscal year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.