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

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They currently have a $190.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 27.77% from the company’s previous close.

Several other analysts have also commented on ANF. Jefferies Financial Group lifted their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Citigroup upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, August 30th. UBS Group boosted their price objective on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Morgan Stanley lowered their target price on shares of Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.43.

Abercrombie & Fitch Stock Down 3.7 %

Shares of Abercrombie & Fitch stock traded down $5.79 during mid-day trading on Tuesday, reaching $148.71. 2,873,025 shares of the stock traded hands, compared to its average volume of 1,687,383. The stock has a market capitalization of $7.60 billion, a PE ratio of 15.75 and a beta of 1.50. The business has a 50-day moving average of $143.13 and a 200 day moving average of $153.46. Abercrombie & Fitch has a fifty-two week low of $72.98 and a fifty-two week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.19. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.83 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities research analysts expect that Abercrombie & Fitch will post 10.35 EPS for the current fiscal year.

Insider Activity

In other news, Director Helen Mccluskey sold 3,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at $3,676,109.60. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,541 shares of company stock worth $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Large investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC boosted its stake in shares of Abercrombie & Fitch by 228.9% in the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock valued at $3,864,000 after buying an additional 19,222 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Abercrombie & Fitch by 8.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 112,381 shares of the apparel retailer’s stock worth $19,986,000 after purchasing an additional 9,061 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Abercrombie & Fitch during the 1st quarter worth $674,000. Wedge Capital Management L L P NC increased its holdings in Abercrombie & Fitch by 37.0% in the third quarter. Wedge Capital Management L L P NC now owns 362,479 shares of the apparel retailer’s stock valued at $50,711,000 after buying an additional 97,893 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Abercrombie & Fitch by 209.2% during the 1st quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock worth $6,097,000 after acquiring an additional 32,915 shares in the last quarter.

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.