Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) Price Target at $174.14

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have been given an average recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $174.14.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Abercrombie & Fitch from $144.00 to $167.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. UBS Group increased their price objective on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Telsey Advisory Group reissued an “outperform” rating and set a $152.00 target price on shares of Abercrombie & Fitch in a report on Wednesday, May 29th. Finally, Argus increased their target price on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th.

Insider Buying and Selling

In related news, CEO Fran Horowitz sold 400,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Abercrombie & Fitch news, CEO Fran Horowitz sold 400,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $110.61, for a total transaction of $44,244,000.00. Following the transaction, the chief executive officer now owns 525,520 shares of the company’s stock, valued at approximately $58,127,767.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $176.48, for a total transaction of $1,588,320.00. Following the transaction, the chief financial officer now directly owns 115,455 shares in the company, valued at approximately $20,375,498.40. The disclosure for this sale can be found here. Insiders have sold a total of 420,820 shares of company stock valued at $47,896,600 in the last quarter. Company insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Large investors have recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $33,000. Spire Wealth Management boosted 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 valued at $39,000 after purchasing an additional 107 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $49,000. Daiwa Securities Group Inc. bought a new position in shares of Abercrombie & Fitch during the 4th quarter valued at about $62,000. Finally, USA Financial Formulas boosted its position in shares of Abercrombie & Fitch by 1,227.7% during the 4th 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 Stock Performance

Shares of NYSE ANF opened at $175.19 on Tuesday. The company has a market cap of $8.95 billion, a PE ratio of 21.79 and a beta of 1.48. Abercrombie & Fitch has a 12 month low of $33.11 and a 12 month high of $196.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.64 and a quick ratio of 1.15. The company has a 50-day simple moving average of $135.12 and a 200-day simple moving average of $114.81.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.48. Abercrombie & Fitch had a net margin of 9.53% and a return on equity of 44.83%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $967.37 million. During the same period last year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Abercrombie & Fitch will post 9.26 earnings per share for the current year.

About Abercrombie & Fitch

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.