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

Shares of Abercrombie & Fitch Co. (NYSE:ANFGet Free Report) have been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $69.43.

A number of brokerages have recently issued reports on ANF. Citigroup lifted their price objective on shares of Abercrombie & Fitch from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. UBS Group lifted their price objective on shares of Abercrombie & Fitch from $93.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Morgan Stanley boosted their target price on shares of Abercrombie & Fitch from $53.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 22nd. Finally, Telsey Advisory Group boosted their target price on shares of Abercrombie & Fitch from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th.

Get Our Latest Analysis on Abercrombie & Fitch

Insider Buying and Selling at Abercrombie & Fitch

In other news, insider Kristin A. Scott sold 80,000 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $96.25, for a total transaction of $7,700,000.00. Following the sale, the insider now owns 148,485 shares of the company’s stock, valued at $14,291,681.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Scott D. Lipesky sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $96.24, for a total transaction of $4,812,000.00. Following the transaction, the chief financial officer now directly owns 116,987 shares in the company, valued at $11,258,828.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kristin A. Scott sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $96.25, for a total transaction of $7,700,000.00. Following the transaction, the insider now owns 148,485 shares in the company, valued at $14,291,681.25. The disclosure for this sale can be found here. Insiders have sold 143,447 shares of company stock valued at $13,511,615 over the last 90 days. 3.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several hedge funds have recently modified their holdings of ANF. FMR LLC lifted its holdings in shares of Abercrombie & Fitch by 12,439.3% during the third quarter. FMR LLC now owns 5,313,894 shares of the apparel retailer’s stock worth $299,544,000 after purchasing an additional 5,271,516 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of Abercrombie & Fitch by 172.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,843,459 shares of the apparel retailer’s stock worth $42,234,000 after purchasing an additional 1,165,872 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Abercrombie & Fitch by 101.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,352,169 shares of the apparel retailer’s stock worth $119,288,000 after buying an additional 681,375 shares in the last quarter. Candlestick Capital Management LP boosted its position in shares of Abercrombie & Fitch by 76.9% in the 2nd quarter. Candlestick Capital Management LP now owns 1,563,618 shares of the apparel retailer’s stock worth $58,917,000 after buying an additional 679,544 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Abercrombie & Fitch by 149.9% in the 2nd quarter. Millennium Management LLC now owns 1,121,848 shares of the apparel retailer’s stock worth $18,982,000 after buying an additional 672,933 shares in the last quarter.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $105.66 on Wednesday. The firm has a 50-day moving average price of $89.36 and a 200-day moving average price of $65.72. The firm has a market capitalization of $5.33 billion, a PE ratio of 26.42 and a beta of 1.52. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. Abercrombie & Fitch has a 12-month low of $21.74 and a 12-month high of $106.00.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The apparel retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.65. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $980.99 million. Abercrombie & Fitch had a net margin of 5.16% and a return on equity of 27.95%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. As a group, equities research analysts forecast that Abercrombie & Fitch will post 6.05 EPS for the current year.

About Abercrombie & Fitch

(Get Free Report

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company operates through two segments, Hollister and Abercrombie. It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Hollister, Gilly Hicks, Social Tourist, Abercrombie & Fitch, and abercrombie kids brands.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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