Abercrombie & Fitch Co. (NYSE:ANF) Given Consensus Rating of “Moderate Buy” by Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $111.38.

ANF has been the topic of several research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Morgan Stanley boosted their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of Abercrombie & Fitch from $142.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, May 29th. Citigroup reaffirmed a “buy” rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Finally, Raymond James lowered their price target on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, May 27th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in Abercrombie & Fitch during the 4th quarter valued at about $27,000. Private Trust Co. NA boosted its holdings in shares of Abercrombie & Fitch by 30.9% during the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock valued at $62,000 after acquiring an additional 98 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of Abercrombie & Fitch in the fourth quarter worth approximately $69,000. GeoWealth Management LLC purchased a new position in shares of Abercrombie & Fitch in the fourth quarter worth approximately $70,000. Finally, UMB Bank n.a. lifted its holdings in Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer’s stock valued at $45,000 after purchasing an additional 360 shares in the last quarter.

Abercrombie & Fitch Stock Down 5.4%

ANF opened at $74.52 on Friday. Abercrombie & Fitch has a twelve month low of $65.40 and a twelve month high of $189.82. The company has a fifty day moving average of $75.27 and a 200-day moving average of $103.12. The stock has a market cap of $3.55 billion, a PE ratio of 7.37 and a beta of 1.47.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $2.14 earnings per share. Sell-side analysts anticipate that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 5th that allows the company to repurchase $1.30 billion in shares. This repurchase authorization allows the apparel retailer to repurchase up to 29.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Abercrombie & Fitch

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.