Abercrombie & Fitch (NYSE:ANF) Stock Price Up 3% – Still a Buy?

Abercrombie & Fitch Company (NYSE:ANF) shot up 3% on Monday . The stock traded as high as $131.91 and last traded at $130.6540. 1,047,073 shares changed hands during trading, a decline of 55% from the average session volume of 2,317,632 shares. The stock had previously closed at $126.84.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, November 25th. Barclays upped their price target on shares of Abercrombie & Fitch from $84.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, November 28th. UBS Group raised their price objective on shares of Abercrombie & Fitch from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Jefferies Financial Group lifted their target price on shares of Abercrombie & Fitch from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, BTIG Research cut their price target on Abercrombie & Fitch from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.10.

Abercrombie & Fitch Trading Up 2.1%

The firm’s 50-day moving average price is $88.89 and its 200-day moving average price is $88.78. The stock has a market capitalization of $5.94 billion, a PE ratio of 12.44 and a beta of 1.17.

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

Institutional Trading of Abercrombie & Fitch

A number of large investors have recently modified their holdings of ANF. SG Americas Securities LLC lifted its holdings in shares of Abercrombie & Fitch by 486.9% during the 2nd quarter. SG Americas Securities LLC now owns 12,923 shares of the apparel retailer’s stock valued at $1,071,000 after buying an additional 10,721 shares during the last quarter. Fred Alger Management LLC bought a new position in Abercrombie & Fitch during the first quarter valued at approximately $1,462,000. Fifth Third Bancorp raised 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 valued at $426,000 after acquiring an additional 4,749 shares in the last quarter. Timelo Investment Management Inc. acquired a new stake in Abercrombie & Fitch in the second quarter valued at approximately $1,077,000. Finally, QRG Capital Management Inc. bought a new stake in Abercrombie & Fitch in the second quarter worth approximately $782,000.

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.