Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) Target Price at $183.50

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $182.25.

ANF has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research report on Tuesday. Raymond James dropped their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Morgan Stanley lowered their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, 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 research report on Friday, January 10th.

Abercrombie & Fitch Trading Up 1.7 %

Shares of NYSE ANF opened at $130.34 on Wednesday. The stock has a market cap of $6.57 billion, a P/E ratio of 12.89 and a beta of 1.52. The business’s fifty day simple moving average is $147.19 and its 200-day simple moving average is $148.74. Abercrombie & Fitch has a 12-month low of $95.51 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned $1.83 EPS. Abercrombie & Fitch’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts forecast that Abercrombie & Fitch will post 10.63 EPS for the current fiscal year.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total transaction of $880,070.26. Following the transaction, the executive vice president now directly owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were 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 of the company’s stock, valued at $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% 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 the stock. Geode Capital Management LLC lifted its position in Abercrombie & Fitch by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after acquiring an additional 63,157 shares during the period. Wellington Management Group LLP raised its stake in shares of Abercrombie & Fitch by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after purchasing an additional 204,901 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Abercrombie & Fitch by 16.0% during the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock worth $155,281,000 after purchasing an additional 120,509 shares during the period. Charles Schwab Investment Management Inc. grew its position in Abercrombie & Fitch by 7.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock valued at $121,733,000 after buying an additional 60,022 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Abercrombie & Fitch by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 569,828 shares of the apparel retailer’s stock valued at $79,719,000 after buying an additional 16,754 shares during the period.

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.