Abercrombie & Fitch (NYSE:ANF) Given Outperform Rating at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a report released on Tuesday,Benzinga reports. They presently have a $190.00 price objective on the apparel retailer’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 27.87% from the company’s previous close.

A number of other brokerages have also recently weighed in on ANF. JPMorgan Chase & Co. lifted their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Friday, August 30th. Jefferies Financial Group increased their price objective on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. UBS Group boosted their target price on Abercrombie & Fitch from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Morgan Stanley decreased their price target on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.14.

Abercrombie & Fitch Stock Up 1.3 %

Abercrombie & Fitch stock opened at $148.59 on Tuesday. The firm has a 50-day moving average price of $143.37 and a two-hundred day moving average price of $153.58. Abercrombie & Fitch has a 52-week low of $74.68 and a 52-week high of $196.99. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.83 and a beta of 1.50.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.19. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. Research analysts expect that Abercrombie & Fitch will post 10.35 earnings per share for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In other news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the transaction, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This trade represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Samir Desai sold 19,041 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the sale, the executive vice president now owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,541 shares of company stock valued at $4,310,256. Corporate insiders own 2.58% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

Large investors have recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in Abercrombie & Fitch during the second quarter valued at $35,000. 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 valued at $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA lifted its position in shares of Abercrombie & Fitch by 604.4% in the third 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. Quarry LP boosted its holdings in shares of Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after purchasing an additional 170 shares during the period. Finally, CWM LLC boosted its holdings in shares of Abercrombie & Fitch by 242.6% during the second quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after purchasing an additional 376 shares during the period.

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.