Abercrombie & Fitch Company (NYSE:ANF) Receives $110.10 Average Target Price from Analysts

Abercrombie & Fitch Company (NYSE:ANF) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $110.10.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Abercrombie & Fitch from $78.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Wall Street Zen lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. Finally, BTIG Research dropped their price target on shares of Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th.

Abercrombie & Fitch Trading Down 1.8%

Shares of NYSE ANF opened at $123.63 on Wednesday. Abercrombie & Fitch has a 1-year low of $65.40 and a 1-year high of $164.80. The company has a 50-day moving average of $94.65 and a two-hundred day moving average of $90.35. The company has a market cap of $5.67 billion, a PE ratio of 11.85 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, beating the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the firm earned $2.50 earnings per share. Abercrombie & Fitch’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts forecast that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ANF. NewEdge Advisors LLC increased its holdings in Abercrombie & Fitch by 181.6% in the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Abercrombie & Fitch during the second quarter worth about $38,000. Blue Trust Inc. acquired a new position in shares of Abercrombie & Fitch during the 3rd quarter worth about $38,000. Hantz Financial Services Inc. increased its stake in shares of Abercrombie & Fitch by 108.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 250 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Abercrombie & Fitch by 268.0% in the 3rd quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock valued at $56,000 after acquiring an additional 485 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.