Abercrombie & Fitch (NYSE:ANF) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Abercrombie & Fitch (NYSE:ANF) in a research note published on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $120.00 price objective on the apparel retailer’s stock.

ANF has been the subject of a number of other reports. UBS Group lifted their price target on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Citigroup raised their price objective on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. BTIG Research cut their target price on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a report on Tuesday, November 25th. Finally, Jefferies Financial Group boosted their price objective on Abercrombie & Fitch from $105.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.10.

Abercrombie & Fitch Stock Performance

NYSE ANF opened at $111.88 on Thursday. The business’s 50 day moving average price is $79.16 and its 200-day moving average price is $85.82. Abercrombie & Fitch has a fifty-two week low of $65.40 and a fifty-two week high of $164.80. The company has a market cap of $5.13 billion, a P/E ratio of 10.73 and a beta of 1.17.

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

Hedge Funds Weigh In On Abercrombie & Fitch

Several institutional investors have recently made changes to their positions in ANF. Cantor Fitzgerald L. P. lifted its stake in Abercrombie & Fitch by 10.6% in the third quarter. Cantor Fitzgerald L. P. now owns 25,191 shares of the apparel retailer’s stock worth $2,155,000 after acquiring an additional 2,418 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Abercrombie & Fitch in the 3rd quarter valued at about $430,000. Centaurus Financial Inc. purchased a new stake in shares of Abercrombie & Fitch in the 3rd quarter worth approximately $111,000. Coldstream Capital Management Inc. bought a new position in shares of Abercrombie & Fitch during the third quarter valued at approximately $213,000. Finally, Danske Bank A S bought a new position in shares of Abercrombie & Fitch during the third quarter valued at approximately $644,000.

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.