Abercrombie & Fitch Company (NYSE:ANF) Receives $107.33 Consensus PT from Analysts

Shares of Abercrombie & Fitch Company (NYSE:ANF) have received an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $107.3333.

ANF has been the topic of several research reports. Jefferies Financial Group lowered their price objective on shares of Abercrombie & Fitch from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Citigroup boosted their target price on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. UBS Group upped their target price on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. BTIG Research dropped their price target on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, Raymond James Financial set a $105.00 price target on Abercrombie & Fitch and gave the company an “outperform” rating in a research note on Thursday, August 28th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ANF. SG Americas Securities LLC increased its holdings in Abercrombie & Fitch by 486.9% in the 2nd quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock worth $1,071,000 after acquiring an additional 10,721 shares during the last quarter. Fred Alger Management LLC purchased a new stake in Abercrombie & Fitch during the first quarter valued at about $1,462,000. Fifth Third Bancorp boosted its position in Abercrombie & Fitch by 1,205.3% during the second quarter. Fifth Third Bancorp now owns 5,143 shares of the apparel retailer’s stock worth $426,000 after purchasing an additional 4,749 shares during the period. Timelo Investment Management Inc. purchased a new position in shares of Abercrombie & Fitch in the second quarter worth about $1,077,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Abercrombie & Fitch in the second quarter worth about $782,000.

Abercrombie & Fitch Price Performance

Shares of Abercrombie & Fitch stock opened at $95.98 on Friday. The business has a 50-day simple moving average of $77.42 and a 200 day simple moving average of $84.98. Abercrombie & Fitch has a one year low of $65.40 and a one year high of $164.80. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 9.20 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.22. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.50 earnings per share. On average, sell-side analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current year.

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.