Abercrombie & Fitch’s (ANF) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF) in a report issued on Thursday morning,Benzinga reports. They currently have a $125.00 target price on the apparel retailer’s stock.

A number of other equities analysts have also recently commented on the company. Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Barclays lifted their target price on Abercrombie & Fitch from $94.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. UBS Group dropped their price target on Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $135.00 in a research report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.90.

Abercrombie & Fitch Stock Up 3.4%

ANF stock opened at $99.21 on Thursday. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 9.51 and a beta of 1.19. Abercrombie & Fitch has a twelve month low of $65.40 and a twelve month high of $133.11. The business has a 50 day moving average price of $106.81 and a two-hundred day moving average price of $93.47.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, beating the consensus estimate of $2.14 by $0.22. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 EPS. On average, equities research analysts anticipate that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 29,769 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the transaction, the chief executive officer owned 308,503 shares in the company, valued at $30,850,300. This represents a 8.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 350,000 shares of company stock valued at $34,661,358. Insiders own 2.29% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake 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 valued at $29,000 after acquiring an additional 227 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in Abercrombie & Fitch by 322.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Abercrombie & Fitch by 120.3% during the fourth quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 148 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Abercrombie & Fitch during the third quarter valued at about $38,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Abercrombie & Fitch by 108.2% during the third quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock worth $41,000 after purchasing an additional 250 shares during the last quarter.

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.