Abercrombie & Fitch’s (ANF) Outperform Rating Reiterated at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reissued by analysts at Telsey Advisory Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $125.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 30.27% from the company’s current price.

ANF has been the topic of several other research reports. Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. UBS Group reduced their price objective on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research report on Monday. The Goldman Sachs Group began coverage on Abercrombie & Fitch in a research report on Thursday, December 11th. They set a “buy” rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $128.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average target price of $120.90.

Abercrombie & Fitch Trading Up 1.0%

Shares of NYSE ANF opened at $95.95 on Thursday. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $133.11. The firm’s 50-day moving average price is $107.20 and its 200-day moving average price is $93.43. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 9.20 and a beta of 1.19.

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

Insider Buying and Selling

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 103,200 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.53, for a total value of $10,168,296.00. Following the completion of the sale, the chief executive officer directly owned 605,303 shares in the company, valued at approximately $59,640,504.59. This represents a 14.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 350,000 shares of company stock worth $34,661,358. Company insiders own 2.29% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

Hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC increased its position in Abercrombie & Fitch by 322.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the period. Larson Financial Group LLC raised its stake in Abercrombie & Fitch by 120.3% in the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock worth $34,000 after buying an additional 148 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Abercrombie & Fitch during the 4th quarter valued at $44,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Abercrombie & Fitch by 94.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 350 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 170 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Abercrombie & Fitch by 181.6% in the 2nd quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 227 shares in the last quarter.

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.