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

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $190.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 88.10% from the stock’s current price.

Several other analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price objective on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. StockNews.com lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Raymond James decreased their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley reduced their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Trading Down 1.1 %

ANF stock opened at $101.01 on Wednesday. The firm’s 50-day moving average is $130.21 and its two-hundred day moving average is $140.32. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.99 and a beta of 1.49. Abercrombie & Fitch has a 52 week low of $99.12 and a 52 week high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 earnings per share. On average, equities research analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $150.20, for a total value of $1,292,471.00. Following the transaction, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Samir Desai sold 5,926 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,401 shares of company stock valued at $2,631,741 over the last quarter. Company insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its position in Abercrombie & Fitch by 150.7% during the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer’s stock worth $221,910,000 after purchasing an additional 892,492 shares during the period. Norges Bank acquired a new position in shares of Abercrombie & Fitch during the 4th quarter worth about $88,478,000. Westfield Capital Management Co. LP bought a new stake in Abercrombie & Fitch during the 3rd quarter valued at approximately $73,048,000. Wellington Management Group LLP grew its holdings in Abercrombie & Fitch by 20.8% in the 4th quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer’s stock valued at $183,829,000 after buying an additional 212,155 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter worth $31,371,000.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.