Abercrombie & Fitch Co. (NYSE:ANF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Abercrombie & Fitch Co. (NYSE:ANF – Get Rating) have received an average recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.14.

A number of equities analysts have issued reports on ANF shares. Citigroup increased their target price on Abercrombie & Fitch from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, February 21st. JPMorgan Chase & Co. decreased their target price on shares of Abercrombie & Fitch from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 2nd. UBS Group boosted their price objective on shares of Abercrombie & Fitch from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, March 2nd. Argus boosted their target price on shares of Abercrombie & Fitch from $18.00 to $27.00 in a report on Wednesday, December 7th. Finally, Morgan Stanley upped their price objective on shares of Abercrombie & Fitch from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, March 2nd.

Abercrombie & Fitch Price Performance

Shares of NYSE:ANF opened at $26.97 on Friday. Abercrombie & Fitch has a fifty-two week low of $14.02 and a fifty-two week high of $38.49. The business has a 50-day moving average of $28.36 and a two-hundred day moving average of $22.02. The stock has a market capitalization of $1.32 billion, a P/E ratio of 449.57 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.36 and a quick ratio of 0.80.

Abercrombie & Fitch (NYSE:ANF – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The apparel retailer reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). Abercrombie & Fitch had a return on equity of 1.90% and a net margin of 0.08%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $1.14 EPS. Abercrombie & Fitch’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts predict that Abercrombie & Fitch will post 1.41 EPS for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, insider Kristin A. Scott sold 52,431 shares of Abercrombie & Fitch stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $27.87, for a total value of $1,461,251.97. Following the completion of the transaction, the insider now directly owns 101,248 shares of the company’s stock, valued at $2,821,781.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter worth about $3,958,000. Point72 Middle East FZE acquired a new stake in Abercrombie & Fitch during the 4th quarter valued at approximately $227,000. Public Employees Retirement System of Ohio increased its holdings in shares of Abercrombie & Fitch by 51.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 10,364 shares of the apparel retailer’s stock valued at $237,000 after purchasing an additional 3,513 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Abercrombie & Fitch by 19.9% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,078 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 511 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in Abercrombie & Fitch by 70.1% in the 4th quarter. State of Tennessee Treasury Department now owns 34,055 shares of the apparel retailer’s stock worth $780,000 after acquiring an additional 14,031 shares in the last quarter.

Abercrombie & Fitch Company Profile

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Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear, and personal care products and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands.