Telsey Advisory Group Lowers Abercrombie & Fitch (NYSE:ANF) Price Target to $125.00

Abercrombie & Fitch (NYSE:ANF) had its target price dropped by research analysts at Telsey Advisory Group from $190.00 to $125.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 42.98% from the stock’s current price.

ANF has been the subject of several other reports. Jefferies Financial Group dropped their target price on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their target price for the stock from $173.00 to $220.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. lowered their price target on Abercrombie & Fitch from $189.00 to $168.00 and set an “overweight” rating on the stock in a research report on Wednesday. Raymond James reduced their price objective on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and a consensus price target of $163.38.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $87.43 on Thursday. The company has a market capitalization of $4.40 billion, a PE ratio of 8.65 and a beta of 1.45. Abercrombie & Fitch has a 52-week low of $79.77 and a 52-week high of $196.99. The business’s fifty day moving average is $123.78 and its 200 day moving average is $137.94.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. During the same quarter last year, the firm posted $2.97 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

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

Institutional Trading of Abercrombie & Fitch

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANF. SBI Securities Co. Ltd. bought a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at about $27,000. UMB Bank n.a. grew its holdings in shares of Abercrombie & Fitch by 92.2% during the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 107 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Abercrombie & Fitch by 81.5% during the 3rd 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 period. Private Trust Co. NA raised its position in shares of Abercrombie & Fitch by 604.4% in the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 272 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Abercrombie & Fitch by 56.2% in the 4th quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 132 shares during the period.

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.