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

Shares of Abercrombie & Fitch Company (NYSE:ANF) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $124.60.

A number of research firms recently commented on ANF. Barclays boosted their target price on Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. JPMorgan Chase & Co. cut their target price on shares of Abercrombie & Fitch from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, January 13th.

Institutional Investors Weigh In On Abercrombie & Fitch

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

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF opened at $96.15 on Friday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 9.22 and a beta of 1.17. The firm has a fifty day moving average price of $106.25 and a 200 day moving average price of $93.28. Abercrombie & Fitch has a fifty-two week low of $65.40 and a fifty-two week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 EPS. As a group, research analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

About Abercrombie & Fitch

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.