Abercrombie & Fitch Co. (NYSE:ANF) Receives $140.88 Consensus PT from Analysts

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $140.88.

A number of research analysts recently issued reports on ANF shares. Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley decreased their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut their price objective on shares of Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. UBS Group decreased their target price on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Telsey Advisory Group cut their price target on Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently bought and sold shares of the stock. Everence Capital Management Inc. bought a new stake in shares of Abercrombie & Fitch in the 4th quarter worth $212,000. Empirical Finance LLC grew its position in Abercrombie & Fitch by 87.2% in the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock worth $1,318,000 after purchasing an additional 4,108 shares in the last quarter. Lmcg Investments LLC increased its stake in Abercrombie & Fitch by 11.2% in the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock valued at $3,687,000 after buying an additional 2,479 shares during the last quarter. Rhumbline Advisers increased its stake in Abercrombie & Fitch by 3.1% in the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock valued at $23,699,000 after buying an additional 4,837 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Abercrombie & Fitch during the 4th quarter worth approximately $12,406,000.

Abercrombie & Fitch Trading Up 4.4 %

Shares of ANF opened at $73.37 on Monday. The firm’s fifty day simple moving average is $95.74 and its two-hundred day simple moving average is $127.45. Abercrombie & Fitch has a 12 month low of $66.51 and a 12 month high of $196.99. The stock has a market capitalization of $3.59 billion, a P/E ratio of 7.26 and a beta of 1.41.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.48 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.97 EPS. As a group, research analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in shares. This repurchase authorization authorizes the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Abercrombie & Fitch Company Profile

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.