Abercrombie & Fitch Co. (NYSE:ANF) Given Average Rating of “Hold” by Analysts

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have received an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $124.00.

A number of brokerages have issued reports on ANF. Citigroup increased their target price on shares of Abercrombie & Fitch from $100.00 to $127.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Argus boosted their price target on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday, April 12th. UBS Group boosted their target price on Abercrombie & Fitch from $98.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $152.00 price target (up previously from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th.

Insider Activity at Abercrombie & Fitch

In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the completion of the sale, the chief financial officer now owns 88,558 shares of the company’s stock, valued at approximately $11,330,996.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 35,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $127.95, for a total transaction of $4,478,250.00. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Kerrii B. Anderson sold 3,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $127.33, for a total value of $381,990.00. Following the sale, the director now owns 45,878 shares in the company, valued at $5,841,645.74. 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 over the last 90 days. 3.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds have recently modified their holdings of ANF. Vanguard Group Inc. boosted its holdings in shares of Abercrombie & Fitch by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,191,102 shares of the apparel retailer’s stock valued at $348,992,000 after purchasing an additional 146,384 shares during the last quarter. FMR LLC raised its position in shares of Abercrombie & Fitch by 12,439.3% during the 3rd quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock valued at $299,544,000 after buying an additional 5,271,516 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Abercrombie & Fitch by 101.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock valued at $119,288,000 after purchasing an additional 681,375 shares during the last quarter. American Century Companies Inc. boosted its stake in Abercrombie & Fitch by 171.8% during the third quarter. American Century Companies Inc. now owns 664,074 shares of the apparel retailer’s stock worth $37,434,000 after buying an additional 419,781 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Abercrombie & Fitch by 54.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 491,085 shares of the apparel retailer’s stock worth $27,682,000 after purchasing an additional 173,225 shares during the period.

Abercrombie & Fitch Price Performance

ANF stock opened at $132.28 on Friday. The stock has a market cap of $6.76 billion, a PE ratio of 21.27 and a beta of 1.57. The stock has a 50-day moving average price of $123.87 and a two-hundred day moving average price of $101.74. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21. Abercrombie & Fitch has a 1 year low of $22.21 and a 1 year high of $140.28.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 21.1% on a year-over-year basis. Equities analysts forecast that Abercrombie & Fitch will post 7.48 EPS for the current fiscal year.

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.