Analysts Set Abercrombie & Fitch Co. (NYSE:ANF) Target Price at $122.71

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $122.71.

A number of equities analysts have weighed in on ANF shares. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Citigroup raised their target price on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Jefferies Financial Group raised their target price on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Argus raised their target price on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, April 11th.

Abercrombie & Fitch Price Performance

ANF stock opened at $110.39 on Monday. Abercrombie & Fitch has a 1 year low of $21.74 and a 1 year high of $140.28. The company has a market cap of $5.63 billion, a P/E ratio of 17.75 and a beta of 1.58. The firm has a 50-day moving average of $123.25 and a 200 day moving average of $95.52. 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 (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. Abercrombie & Fitch’s revenue was up 21.1% on a year-over-year basis. On average, sell-side analysts forecast that Abercrombie & Fitch will post 7.48 EPS for the current year.

Insider Activity

In related news, CFO Scott D. Lipesky sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total value of $4,478,250.00. Following the sale, the chief financial officer now owns 88,558 shares in the company, valued at $11,330,996.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Scott D. Lipesky sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total value of $4,478,250.00. Following the sale, the chief financial officer now owns 88,558 shares in the company, valued at $11,330,996.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kristin A. Scott sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $126.15, for a total transaction of $15,138,000.00. Following the completion of the sale, the insider now owns 38,208 shares in the company, valued at approximately $4,819,939.20. The disclosure for this sale can be found here. Insiders have sold a total of 158,786 shares of company stock worth $20,096,812 over the last 90 days. 3.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth $25,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth $33,000. Financial Management Professionals Inc. purchased a new position in shares of Abercrombie & Fitch during the 3rd quarter worth $31,000. GAMMA Investing LLC purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth $49,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth $62,000.

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.