Abercrombie & Fitch Co. (NYSE:ANF) Given Average Recommendation of “Hold” by Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $122.71.

ANF has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Abercrombie & Fitch from $149.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley boosted their price target on Abercrombie & Fitch from $81.00 to $103.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Citigroup boosted their price target on Abercrombie & Fitch from $100.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, Argus boosted their price target on Abercrombie & Fitch from $97.00 to $130.00 and gave the company a “buy” rating in a report on Thursday.

Insider Transactions at Abercrombie & Fitch

In other news, insider Kristin A. Scott sold 120,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $126.15, for a total value of $15,138,000.00. Following the completion of the transaction, the insider now owns 38,208 shares of the company’s stock, valued at $4,819,939.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Kristin A. Scott sold 120,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $126.15, for a total transaction of $15,138,000.00. Following the completion of the transaction, the insider now directly owns 38,208 shares of the company’s stock, valued at $4,819,939.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott D. Lipesky sold 35,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $127.95, for a total value of $4,478,250.00. Following the transaction, the chief financial officer now directly owns 88,558 shares of the company’s stock, valued at $11,330,996.10. The disclosure for this sale can be found here. Insiders sold a total of 158,786 shares of company stock valued at $20,096,812 over the last 90 days. Company insiders own 3.77% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC purchased a new stake in shares of Abercrombie & Fitch in the first quarter worth approximately $2,644,000. Range Financial Group LLC raised its holdings in shares of Abercrombie & Fitch by 32.1% in the first quarter. Range Financial Group LLC now owns 14,902 shares of the apparel retailer’s stock worth $1,868,000 after buying an additional 3,622 shares during the period. FCF Advisors LLC raised its holdings in shares of Abercrombie & Fitch by 8.1% in the first quarter. FCF Advisors LLC now owns 9,107 shares of the apparel retailer’s stock worth $1,141,000 after buying an additional 679 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of Abercrombie & Fitch by 130.2% in the first quarter. Los Angeles Capital Management LLC now owns 22,372 shares of the apparel retailer’s stock worth $2,804,000 after buying an additional 12,652 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Abercrombie & Fitch in the fourth quarter worth approximately $304,000.

Abercrombie & Fitch Stock Down 4.0 %

Abercrombie & Fitch stock opened at $111.83 on Monday. The stock has a market cap of $5.71 billion, a PE ratio of 17.98 and a beta of 1.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.59. Abercrombie & Fitch has a one year low of $21.74 and a one year high of $140.28. The stock has a fifty day moving average of $122.65 and a 200 day moving average of $94.11.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.14. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Abercrombie & Fitch had a return on equity of 38.80% and a net margin of 7.67%. Abercrombie & Fitch’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, sell-side analysts predict that Abercrombie & Fitch will post 7.48 EPS for the current year.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.