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

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $174.14.

Several equities analysts have recently weighed in on ANF shares. Argus increased their price objective on shares of Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. UBS Group increased their price objective on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $152.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, May 29th. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley raised their target price on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Kenneth B. Robinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were 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 document filed with the SEC, which is available through this hyperlink. In other Abercrombie & Fitch news, CFO Scott D. Lipesky sold 9,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 115,455 shares of the company’s stock, valued at approximately $20,375,498.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth B. Robinson sold 1,300 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total transaction of $223,093.00. Following the sale, the director now directly owns 5,880 shares of the company’s stock, valued at $1,009,066.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 422,120 shares of company stock worth $48,119,693. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors have recently added to or reduced their stakes in the stock. Tactive Advisors LLC purchased a new position in shares of Abercrombie & Fitch in the first quarter valued at $364,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Abercrombie & Fitch by 64.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 26,944 shares of the apparel retailer’s stock valued at $3,377,000 after purchasing an additional 10,556 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Abercrombie & Fitch in the first quarter valued at $674,000. Cetera Investment Advisers grew its holdings in shares of Abercrombie & Fitch by 209.2% in the first quarter. Cetera Investment Advisers now owns 48,648 shares of the apparel retailer’s stock valued at $6,097,000 after purchasing an additional 32,915 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Abercrombie & Fitch by 34.3% in the first quarter. Comerica Bank now owns 57,699 shares of the apparel retailer’s stock valued at $7,231,000 after purchasing an additional 14,736 shares in the last quarter.

Abercrombie & Fitch Price Performance

ANF opened at $179.57 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 1.64. The stock has a market capitalization of $9.18 billion, a P/E ratio of 22.33 and a beta of 1.54. The company’s 50-day simple moving average is $157.80 and its two-hundred day simple moving average is $128.06. Abercrombie & Fitch has a 52-week low of $33.38 and a 52-week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share 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 firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $967.37 million. During the same quarter in the prior year, the business earned $0.39 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, analysts predict that Abercrombie & Fitch will post 9.25 EPS 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.