Telsey Advisory Group Reaffirms Outperform Rating for Abercrombie & Fitch (NYSE:ANF)

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reaffirmed by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $190.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 87.62% from the company’s previous close.

Several other research firms have also commented on ANF. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the stock from $173.00 to $220.00 in a report on Friday, January 10th. Morgan Stanley cut their target price on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. Raymond James decreased their target price on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Finally, StockNews.com cut shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Trading Down 2.7 %

Shares of NYSE:ANF opened at $101.27 on Wednesday. Abercrombie & Fitch has a twelve month low of $99.12 and a twelve month high of $196.99. The company has a market cap of $5.10 billion, a PE ratio of 10.02 and a beta of 1.49. The company’s 50 day moving average is $128.35 and its 200 day moving average is $139.79.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 earnings per share. Equities research analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now directly owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.58% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors have recently made changes to their positions in the company. Everence Capital Management Inc. purchased a new position in Abercrombie & Fitch in the 4th quarter valued at $212,000. Empirical Finance LLC raised its position in shares of Abercrombie & Fitch by 87.2% in the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock valued at $1,318,000 after buying an additional 4,108 shares during the last quarter. Lmcg Investments LLC lifted its stake in shares of Abercrombie & Fitch by 11.2% in the fourth quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock worth $3,687,000 after buying an additional 2,479 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Abercrombie & Fitch by 228.9% during the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock worth $3,864,000 after acquiring an additional 19,222 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Abercrombie & Fitch by 3.1% during the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock worth $23,699,000 after acquiring an additional 4,837 shares during the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.