Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) Price Target at $122.71

Abercrombie & Fitch Co. (NYSE:ANF) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $122.71.

Several research analysts have weighed in on ANF shares. Argus lifted their target price on Abercrombie & Fitch from $97.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $152.00 price objective (up from $140.00) on shares of Abercrombie & Fitch in a research report on Wednesday, March 6th. Jefferies Financial Group raised their target price on shares of Abercrombie & Fitch from $149.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, Morgan Stanley increased their price objective on shares of Abercrombie & Fitch from $81.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th.

Insiders Place Their Bets

In other news, EVP Jay Rust sold 786 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $125.41, for a total value of $98,572.26. Following the sale, the executive vice president now owns 1,014 shares of the company’s stock, valued at $127,165.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Jay Rust sold 786 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $125.41, for a total value of $98,572.26. Following the completion of the transaction, the executive vice president now owns 1,014 shares in the company, valued at approximately $127,165.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristin A. Scott sold 120,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $126.15, for a total value of $15,138,000.00. Following the sale, the insider now owns 38,208 shares in the company, valued at approximately $4,819,939.20. The disclosure for this sale can be found here. Insiders sold a total of 158,786 shares of company stock valued at $20,096,812 in the last quarter. 3.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

A number of institutional investors have recently added to or reduced their stakes in ANF. Steward Partners Investment Advisory LLC bought a new position in shares of Abercrombie & Fitch in the 4th quarter valued at about $25,000. Quarry LP acquired a new position in Abercrombie & Fitch during the first quarter worth approximately $29,000. Advisory Services Network LLC increased its position in Abercrombie & Fitch by 985.0% during the first quarter. Advisory Services Network LLC now owns 1,085 shares of the apparel retailer’s stock worth $30,000 after buying an additional 985 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in Abercrombie & Fitch in the third quarter valued at approximately $31,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Abercrombie & Fitch in the fourth quarter valued at approximately $33,000.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF opened at $113.51 on Monday. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 18.25 and a beta of 1.58. The firm’s 50 day simple moving average is $123.21 and its 200 day simple moving average is $95.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.10. Abercrombie & Fitch has a fifty-two week low of $21.74 and a fifty-two week high of $140.28.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Wednesday, March 6th. The apparel retailer reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.14. Abercrombie & Fitch had a net margin of 7.67% and a return on equity of 38.80%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business posted $0.81 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Abercrombie & Fitch will post 7.48 earnings per share for the current 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.