Abercrombie & Fitch’s (ANF) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF) in a research note published on Wednesday,Benzinga reports. They currently have a $190.00 price target on the apparel retailer’s stock.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. upped their target price on Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Raymond James decreased their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley decreased their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, UBS Group upgraded Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Stock Performance

NYSE:ANF opened at $102.94 on Wednesday. Abercrombie & Fitch has a 52-week low of $99.12 and a 52-week high of $196.99. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 10.18 and a beta of 1.49. The business’s fifty day moving average is $127.32 and its 200 day moving average is $139.43.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company posted $1.83 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Insider Activity

In related news, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total transaction of $459,200.00. Following the transaction, the director now directly owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Several institutional investors and hedge funds have recently bought and sold shares of ANF. SBI Securities Co. Ltd. bought a new position in Abercrombie & Fitch during the 4th quarter worth approximately $27,000. UMB Bank n.a. grew its position in Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 107 shares during the last quarter. Farther Finance Advisors LLC grew its position in Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Private Trust Co. NA grew its position in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Abercrombie & Fitch by 56.2% during the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 132 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.