Abercrombie & Fitch’s (ANF) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reissued by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $152.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 7.05% from the stock’s current price.

A number of other analysts have also issued reports on the company. Jefferies Financial Group boosted their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $125.00 to $144.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. UBS Group upped their target price on Abercrombie & Fitch from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, Citigroup upped their target price on Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.29.

Abercrombie & Fitch Trading Down 1.7 %

Shares of NYSE ANF opened at $141.99 on Thursday. The business’s 50 day moving average is $125.67 and its two-hundred day moving average is $106.85. 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 1-year low of $22.65 and a 1-year high of $146.93. The stock has a market capitalization of $7.26 billion, a P/E ratio of 22.83 and a beta of 1.57.

Abercrombie & Fitch (NYSE:ANF) last released its 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. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, research analysts expect that Abercrombie & Fitch will post 7.69 EPS for the current year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the sale, the chief financial officer now directly owns 88,558 shares of the company’s stock, valued at approximately $11,330,996.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Scott D. Lipesky sold 35,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the sale, the chief financial officer now directly owns 88,558 shares in the company, valued at approximately $11,330,996.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the sale, the chief executive officer now owns 525,520 shares in the company, valued at $58,127,767.20. The disclosure for this sale can be found here. Insiders have sold a total of 558,786 shares of company stock valued at $64,340,812 in the last ninety days. Company insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank lifted its stake in Abercrombie & Fitch by 34.3% in the 1st quarter. Comerica Bank now owns 57,699 shares of the apparel retailer’s stock valued at $7,231,000 after buying an additional 14,736 shares in the last quarter. Bayberry Capital Partners LP purchased a new position in Abercrombie & Fitch in the 1st quarter valued at about $4,512,000. Caxton Associates LP lifted its stake in Abercrombie & Fitch by 5.6% in the 1st quarter. Caxton Associates LP now owns 25,668 shares of the apparel retailer’s stock worth $3,217,000 after purchasing an additional 1,367 shares in the last quarter. Paloma Partners Management Co purchased a new position in Abercrombie & Fitch in the 1st quarter worth approximately $230,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock worth $56,969,000 after purchasing an additional 141,788 shares in the last quarter.

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.