Abercrombie & Fitch Co. (NYSE:ANF) Receives Average Rating of “Moderate Buy” from Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $176.71.

ANF has been the topic of a number of research reports. Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. UBS Group lowered their price target on shares of Abercrombie & Fitch from $193.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Morgan Stanley lowered their price target on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th.

Insiders Place Their Bets

In other Abercrombie & Fitch news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total value of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Samir Desai sold 19,041 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the transaction, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the transaction, the chief financial officer now directly owns 106,455 shares of the company’s stock, valued at $15,627,594. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,541 shares of company stock valued at $4,310,256. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently modified their holdings of the company. Matrix Trust Co bought a new position in shares of Abercrombie & Fitch during the second quarter worth $35,000. Farther Finance Advisors LLC boosted its position in shares of Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Quarry LP boosted its position in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after acquiring an additional 170 shares during the last quarter. CWM LLC boosted its position in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after acquiring an additional 376 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after acquiring an additional 222 shares during the last quarter.

Abercrombie & Fitch Trading Down 3.5 %

Shares of ANF opened at $131.79 on Friday. The firm’s 50-day moving average price is $143.67 and its 200-day moving average price is $150.49. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 13.96 and a beta of 1.49. Abercrombie & Fitch has a 1-year low of $58.54 and a 1-year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. On average, research analysts forecast that Abercrombie & Fitch will post 10.26 EPS for the current fiscal year.

Abercrombie & Fitch Company Profile

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.