Analysts Set Abercrombie & Fitch Company (NYSE:ANF) Target Price at $124.60

Shares of Abercrombie & Fitch Company (NYSE:ANF) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $120.90.

Several equities research analysts have commented on the stock. Zacks Research raised shares of Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price target on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Wall Street Zen downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Barclays upped their price target on shares of Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th.

Insider Buying and Selling at Abercrombie & Fitch

In related news, CEO Fran Horowitz sold 29,769 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the sale, the chief executive officer owned 308,503 shares in the company, valued at approximately $30,850,300. This trade represents a 8.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 350,000 shares of company stock worth $34,661,358. Corporate insiders own 2.29% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Abercrombie & Fitch by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,781,446 shares of the apparel retailer’s stock valued at $601,841,000 after purchasing an additional 94,697 shares during the last quarter. AQR Capital Management LLC lifted its position in Abercrombie & Fitch by 56.0% in the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock valued at $315,209,000 after acquiring an additional 898,884 shares in the last quarter. Bbfit Investments PTE Ltd. bought a new position in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $205,539,000. Wellington Management Group LLP boosted its holdings in Abercrombie & Fitch by 5,749.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after acquiring an additional 1,173,601 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Abercrombie & Fitch by 41.2% in the third quarter. American Century Companies Inc. now owns 1,176,990 shares of the apparel retailer’s stock valued at $100,691,000 after acquiring an additional 343,288 shares in the last quarter.

Abercrombie & Fitch Trading Down 3.9%

ANF stock opened at $92.61 on Thursday. The firm has a market cap of $4.25 billion, a PE ratio of 8.88 and a beta of 1.19. The company has a fifty day simple moving average of $108.04 and a 200 day simple moving average of $93.46. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.22. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 earnings per share. As a group, analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.