Abercrombie & Fitch Co. (NYSE:ANF) Receives $174.14 Consensus PT from Analysts

Abercrombie & Fitch Co. (NYSE:ANFGet Free Report) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $174.14.

A number of brokerages recently issued reports on ANF. Telsey Advisory Group reiterated an “outperform” rating and set a $152.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 29th. Jefferies Financial Group upped their price target on Abercrombie & Fitch from $155.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $144.00 to $167.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, Argus upped their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th.

Read Our Latest Stock Analysis on ANF

Insider Transactions at Abercrombie & Fitch

In related news, Director Kenneth B. Robinson sold 1,300 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total transaction of $223,093.00. Following the sale, the director now owns 5,880 shares in the company, valued at approximately $1,009,066.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,300 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $171.61, for a total value of $223,093.00. Following the transaction, the director now owns 5,880 shares of the company’s stock, valued at approximately $1,009,066.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Fran Horowitz sold 400,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $110.61, for a total value of $44,244,000.00. Following the completion of the transaction, the chief executive officer now directly owns 525,520 shares in the company, valued at approximately $58,127,767.20. The disclosure for this sale can be found here. Insiders have sold 422,120 shares of company stock valued at $48,119,693 in the last ninety days. Corporate insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently made changes to their positions in ANF. McGlone Suttner Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch during the 4th quarter worth $33,000. Spire Wealth Management grew its position in shares of Abercrombie & Fitch by 51.4% during the 1st quarter. Spire Wealth Management now owns 315 shares of the apparel retailer’s stock worth $39,000 after buying an additional 107 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Abercrombie & Fitch during the 4th quarter worth $49,000. Daiwa Securities Group Inc. bought a new stake in Abercrombie & Fitch during the fourth quarter valued at about $62,000. Finally, USA Financial Formulas boosted its position in Abercrombie & Fitch by 1,227.7% during the fourth quarter. USA Financial Formulas now owns 863 shares of the apparel retailer’s stock valued at $76,000 after purchasing an additional 798 shares in the last quarter.

Abercrombie & Fitch Trading Up 5.6 %

Abercrombie & Fitch stock opened at $185.03 on Tuesday. The business has a 50-day simple moving average of $136.19 and a two-hundred day simple moving average of $116.18. The company has a market cap of $9.46 billion, a P/E ratio of 23.01 and a beta of 1.48. The company has a quick ratio of 1.15, a current ratio of 1.64 and a debt-to-equity ratio of 0.20. Abercrombie & Fitch has a 52-week low of $33.38 and a 52-week high of $196.99.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.48. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $967.37 million. Abercrombie & Fitch had a return on equity of 44.83% and a net margin of 9.53%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. Analysts predict that Abercrombie & Fitch will post 9.26 EPS for the current year.

About Abercrombie & Fitch

(Get Free Report

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.

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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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