Abercrombie & Fitch Co. (NYSE:ANF) Receives Average Rating of “Hold” from Brokerages

Abercrombie & Fitch Co. (NYSE:ANF) has received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $178.00.

ANF has been the topic of several recent research reports. Jefferies Financial Group raised their price target on shares of Abercrombie & Fitch from $155.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Morgan Stanley raised their price target on shares of Abercrombie & Fitch from $112.00 to $172.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Citigroup raised their price target on shares of Abercrombie & Fitch from $150.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. UBS Group increased their price objective on shares of Abercrombie & Fitch from $155.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Finally, Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Insider Transactions at Abercrombie & Fitch

In other news, Director James A. Goldman sold 4,120 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $176.48, for a total transaction of $727,097.60. Following the completion of the sale, the director now owns 7,565 shares in the company, valued at approximately $1,335,071.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Kenneth B. Robinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $171.61, for a total transaction of $223,093.00. Following the completion of the sale, the director now owns 5,880 shares in the company, valued at approximately $1,009,066.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James A. Goldman sold 4,120 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $176.48, for a total transaction of $727,097.60. Following the completion of the transaction, the director now owns 7,565 shares of the company’s stock, valued at $1,335,071.20. The disclosure for this sale can be found here. Insiders sold a total of 22,120 shares of company stock worth $3,875,693 in the last quarter. Insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Abercrombie & Fitch by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,191,102 shares of the apparel retailer’s stock valued at $348,992,000 after buying an additional 146,384 shares in the last quarter. Hennessy Advisors Inc. grew its stake in Abercrombie & Fitch by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after buying an additional 76,900 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Abercrombie & Fitch by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after buying an additional 20,616 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Abercrombie & Fitch by 45.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after buying an additional 141,788 shares in the last quarter. Finally, Norges Bank purchased a new position in Abercrombie & Fitch in the 4th quarter valued at approximately $37,632,000.

Abercrombie & Fitch Price Performance

ANF stock opened at $152.59 on Wednesday. The stock has a market capitalization of $7.80 billion, a PE ratio of 18.98 and a beta of 1.54. The company’s 50-day moving average is $170.37 and its 200-day moving average is $137.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.64 and a quick ratio of 1.15. Abercrombie & Fitch has a 1 year low of $38.53 and a 1 year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.48. Abercrombie & Fitch had a net margin of 9.53% and a return on equity of 44.83%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $967.37 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue was up 22.1% on a year-over-year basis. Equities research analysts expect that Abercrombie & Fitch will post 9.35 EPS for the current fiscal 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.