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

Telsey Advisory Group reaffirmed their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF) in a report released on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $190.00 target price on the apparel retailer’s stock.

ANF has been the subject of a number of other research reports. UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and raised their target price for the company from $173.00 to $220.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Morgan Stanley lowered their target price 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. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Raymond James lowered their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $102.94 on Wednesday. The firm has a market cap of $5.19 billion, a P/E ratio of 10.18 and a beta of 1.49. Abercrombie & Fitch has a fifty-two week low of $99.12 and a fifty-two week high of $196.99. The business’s 50 day moving average price is $127.32 and its 200-day moving average price is $139.43.

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

Insider Buying and Selling at Abercrombie & Fitch

In other Abercrombie & Fitch news, Director Suzanne M. Coulter sold 2,870 shares of Abercrombie & Fitch stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. The trade was a 30.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.58% of the stock is owned by company insiders.

Institutional Trading of Abercrombie & Fitch

A number of institutional investors and hedge funds have recently modified their holdings of ANF. SBI Securities Co. Ltd. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter worth $27,000. UMB Bank n.a. increased its holdings in shares of Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Abercrombie & Fitch by 81.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 132 shares in the last quarter.

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.