Abercrombie & Fitch Company (NYSE:ANF) Given Average Rating of “Moderate Buy” by Analysts

Shares of Abercrombie & Fitch Company (NYSE:ANF) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $110.10.

ANF has been the subject of a number of research analyst reports. BTIG Research cut their price objective on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Citigroup upped their target price on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Wall Street Zen cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Abercrombie & Fitch from $92.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th.

Hedge Funds Weigh In On Abercrombie & Fitch

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Abercrombie & Fitch by 198.2% in the 1st quarter. AQR Capital Management LLC now owns 1,955,927 shares of the apparel retailer’s stock worth $144,582,000 after acquiring an additional 1,300,070 shares during the last quarter. Wellington Management Group LLP increased its position in Abercrombie & Fitch by 5,749.6% in the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after purchasing an additional 1,173,601 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Abercrombie & Fitch by 10,469.4% during the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after purchasing an additional 983,705 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in Abercrombie & Fitch during the second quarter valued at $61,643,000. Finally, Norges Bank bought a new position in Abercrombie & Fitch during the second quarter valued at $61,584,000.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $127.50 on Wednesday. The stock has a fifty day simple moving average of $91.32 and a two-hundred day simple moving average of $89.51. The firm has a market capitalization of $5.85 billion, a PE ratio of 12.22 and a beta of 1.17. Abercrombie & Fitch has a 52-week low of $65.40 and a 52-week high of $164.80.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.22. The firm had revenue of $1.29 billion during 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 business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 earnings per share. On average, sell-side 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.