Telsey Advisory Group Reaffirms Outperform Rating for Abercrombie & Fitch (NYSE:ANF)

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reissued by equities research analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $125.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 27.82% from the company’s current price.

Several other research firms have also commented on ANF. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $78.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. BTIG Research restated a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Zacks Research upgraded Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. The Goldman Sachs Group started coverage on Abercrombie & Fitch in a research report on Thursday, December 11th. They set a “buy” rating and a $120.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.90.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $97.79 on Thursday. The business’s 50-day moving average is $106.35 and its two-hundred day moving average is $93.45. The company has a market capitalization of $4.48 billion, a P/E ratio of 9.38 and a beta of 1.19. Abercrombie & Fitch has a fifty-two week low of $65.40 and a fifty-two week high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS 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 return on equity of 38.01% and a net margin of 10.07%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.50 earnings per share. Analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current year.

Insider Transactions at Abercrombie & Fitch

In other Abercrombie & Fitch news, CEO Fran Horowitz sold 29,769 shares of Abercrombie & Fitch stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $100.00, for a total transaction of $2,976,900.00. Following the transaction, the chief executive officer directly owned 308,503 shares of the company’s stock, valued at $30,850,300. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 350,000 shares of company stock worth $34,661,358 in the last ninety days. 2.29% of the stock is currently owned by company insiders.

Institutional Trading of Abercrombie & Fitch

Several institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position in Abercrombie & Fitch by 21.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,109 shares of the apparel retailer’s stock worth $2,279,000 after acquiring an additional 3,158 shares during the period. Caitlin John LLC purchased a new stake in Abercrombie & Fitch in the fourth quarter valued at $542,000. Vident Advisory LLC lifted its stake in shares of Abercrombie & Fitch by 8.9% in the 4th quarter. Vident Advisory LLC now owns 44,234 shares of the apparel retailer’s stock valued at $5,568,000 after purchasing an additional 3,623 shares during the last quarter. Delta Global Management LP purchased a new position in shares of Abercrombie & Fitch during the 4th quarter worth $25,570,000. Finally, State of Tennessee Department of Treasury grew its holdings in shares of Abercrombie & Fitch by 7.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,994 shares of the apparel retailer’s stock worth $2,265,000 after purchasing an additional 1,315 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.