Abercrombie & Fitch (NYSE:ANF) Upgraded by Wall Street Zen to Buy Rating

Abercrombie & Fitch (NYSE:ANF) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently commented on the stock. Citigroup increased their target price on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Barclays boosted their target price on Abercrombie & Fitch from $84.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, November 28th. BTIG Research reduced their target price on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $92.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $110.10.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $111.88 on Friday. Abercrombie & Fitch has a one year low of $65.40 and a one year high of $164.80. The company has a market cap of $5.13 billion, a PE ratio of 10.73 and a beta of 1.17. The firm has a 50-day moving average of $79.16 and a 200-day moving average of $85.76.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS 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 firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Abercrombie & Fitch

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in 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 buying an additional 227 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Abercrombie & Fitch in the second quarter worth $38,000. Blue Trust Inc. purchased a new position in shares of Abercrombie & Fitch in the third quarter valued at $38,000. Hantz Financial Services Inc. grew its position in shares of Abercrombie & Fitch by 108.2% in the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 250 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Abercrombie & Fitch by 268.0% during the 3rd quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 485 shares during the period.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.