Abercrombie & Fitch’s (ANF) Outperform Rating Reaffirmed at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $125.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 30.27% from the stock’s previous close.

Several other equities research analysts have also commented on ANF. The Goldman Sachs Group began coverage on shares of Abercrombie & Fitch in a research report on Thursday, December 11th. They set a “buy” rating and a $120.00 price target for the company. Citigroup raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $135.00 in a report on Wednesday, January 21st. UBS Group dropped their price target on shares of Abercrombie & Fitch from $160.00 to $149.00 and set a “buy” rating on the stock in a research note on Monday. Jefferies Financial Group restated a “buy” rating and issued a $145.00 price objective on shares of Abercrombie & Fitch in a research note on Monday, January 5th. Finally, Wall Street Zen cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.90.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $95.95 on Thursday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 9.20 and a beta of 1.19. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $133.11. The business’s fifty day moving average price is $107.20 and its 200-day moving average price is $93.43.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a return on equity of 38.01% and a net margin of 10.07%.The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. Abercrombie & Fitch’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Abercrombie & Fitch will post 10.62 EPS for the current year.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 29,769 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the completion of the sale, the chief executive officer owned 308,503 shares in the company, valued at approximately $30,850,300. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 350,000 shares of company stock worth $34,661,358 over the last quarter. 2.29% of the stock is owned by company insiders.

Institutional Trading of Abercrombie & Fitch

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bbfit Investments PTE Ltd. bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $205,539,000. Wellington Management Group LLP lifted its position in shares of Abercrombie & Fitch by 5,749.6% in the third quarter. Wellington Management Group LLP now owns 1,194,013 shares of the apparel retailer’s stock worth $102,148,000 after buying an additional 1,173,601 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Abercrombie & Fitch by 10,469.4% during the second quarter. Valeo Financial Advisors LLC now owns 993,101 shares of the apparel retailer’s stock valued at $82,278,000 after buying an additional 983,705 shares during the last quarter. AQR Capital Management LLC grew its holdings in Abercrombie & Fitch by 56.0% during the 4th quarter. AQR Capital Management LLC now owns 2,504,240 shares of the apparel retailer’s stock valued at $315,209,000 after buying an additional 898,884 shares in the last quarter. Finally, Norges Bank purchased a new position in Abercrombie & Fitch during the 4th quarter valued at approximately $98,961,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.