Abercrombie & Fitch Co. (NYSE:ANF) Given Consensus Rating of “Moderate Buy” by Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $179.50.

A number of brokerages have issued reports on ANF. Raymond James started coverage on Abercrombie & Fitch in a research report on Friday, December 6th. They issued an “outperform” rating and a $180.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday. Finally, UBS Group upped their price target on Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th.

Insider Buying and Selling

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the sale, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at approximately $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the sale, the executive vice president now directly owns 22,059 shares in the company, valued at $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock valued at $2,631,741 over the last three months. 2.58% of the stock is owned by company insiders.

Institutional Trading of Abercrombie & Fitch

A number of large investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC grew its position in Abercrombie & Fitch by 6.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after buying an additional 65 shares during the period. Chartwell Investment Partners LLC raised its holdings in shares of Abercrombie & Fitch by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after acquiring an additional 74 shares in the last quarter. Atria Investments Inc grew its stake in shares of Abercrombie & Fitch by 5.4% in the 3rd quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after buying an additional 80 shares in the last quarter. Sage Rhino Capital LLC raised its position in Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after purchasing an additional 89 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in Abercrombie & Fitch by 3.6% during the second quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock worth $583,000 after buying an additional 115 shares during the period.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $154.56 on Friday. The company’s 50-day moving average is $146.19 and its 200-day moving average is $153.28. The firm has a market capitalization of $7.79 billion, a PE ratio of 15.29 and a beta of 1.52. Abercrombie & Fitch has a fifty-two week low of $86.91 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm earned $1.83 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts predict that Abercrombie & Fitch will post 10.61 earnings per share 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.