Abercrombie & Fitch Company (NYSE:ANF) Receives Average Recommendation of “Hold” from Brokerages

Abercrombie & Fitch Company (NYSE:ANF) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $107.3333.

Several research firms have recently issued reports on ANF. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $92.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Barclays increased their price target on Abercrombie & Fitch from $84.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, November 28th. Morgan Stanley raised their price target on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Citigroup boosted their price objective on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, BTIG Research reduced their target price on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th.

Abercrombie & Fitch Stock Down 0.7%

Abercrombie & Fitch stock opened at $95.00 on Friday. Abercrombie & Fitch has a 52-week low of $65.40 and a 52-week high of $164.80. The firm’s fifty day moving average is $77.19 and its 200 day moving average is $84.70. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 9.11 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.22. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.50 EPS. On average, equities research analysts anticipate that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Institutional Trading of Abercrombie & Fitch

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 227 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth approximately $38,000. Blue Trust Inc. bought a new stake in shares of Abercrombie & Fitch during the 3rd quarter worth approximately $38,000. Hantz Financial Services Inc. boosted its holdings in Abercrombie & Fitch by 108.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 250 shares during the period. Finally, Bessemer Group Inc. grew its position in Abercrombie & Fitch by 268.0% in the 3rd quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after acquiring an additional 485 shares during the last quarter.

About Abercrombie & Fitch

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.