Brokerages Set Abercrombie & Fitch Co. (NYSE:ANF) Target Price at $182.25

Abercrombie & Fitch Co. (NYSE:ANF) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $182.25.

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Morgan Stanley cut their target price on 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. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $173.00 to $220.00 in a report on Friday, January 10th.

Abercrombie & Fitch Trading Up 1.6 %

Shares of ANF stock opened at $111.82 on Friday. The stock has a market cap of $5.63 billion, a P/E ratio of 11.06 and a beta of 1.49. Abercrombie & Fitch has a 1 year low of $106.10 and a 1 year high of $196.99. The stock has a 50 day simple moving average of $135.46 and a 200 day simple moving average of $142.00.

Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted $1.83 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. Analysts forecast that Abercrombie & Fitch will post 10.64 EPS for the current year.

Insider Activity

In other Abercrombie & Fitch news, EVP Samir Desai sold 5,926 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $160.00, for a total value of $459,200.00. Following the sale, the director now owns 6,405 shares in the company, valued at approximately $1,024,800. This trade represents a 30.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,401 shares of company stock worth $2,631,741. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in Abercrombie & Fitch in the fourth quarter valued at $27,000. UMB Bank n.a. increased its stake in shares of Abercrombie & Fitch by 92.2% in the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC raised its position in shares of Abercrombie & Fitch by 81.5% during the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 123 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 132 shares during the last quarter.

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.