Abercrombie & Fitch (NYSE:ANF) Earns Outperform Rating from Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reaffirmed by Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $190.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 27.77% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Morgan Stanley dropped their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. UBS Group lifted their price target on Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group raised their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.43.

Abercrombie & Fitch Price Performance

ANF traded down $5.79 during midday trading on Tuesday, reaching $148.71. 2,873,025 shares of the company’s stock were exchanged, compared to its average volume of 1,687,383. Abercrombie & Fitch has a 1-year low of $72.98 and a 1-year high of $196.99. The stock has a market capitalization of $7.60 billion, a PE ratio of 15.75 and a beta of 1.50. The business’s 50-day moving average price is $143.13 and its 200 day moving average price is $153.46.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $1.83 EPS. Abercrombie & Fitch’s revenue was up 14.4% on a year-over-year basis. As a group, analysts expect that Abercrombie & Fitch will post 10.35 EPS for the current fiscal year.

Insider Activity

In other news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the sale, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $131.36, for a total value of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares in the company, valued at $3,676,109.60. This represents a 40.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,541 shares of company stock valued at $4,310,256. Company insiders own 2.58% of the company’s stock.

Institutional Trading of Abercrombie & Fitch

A number of hedge funds have recently made changes to their positions in ANF. Geode Capital Management LLC grew its stake in Abercrombie & Fitch by 5.5% in the third quarter. Geode Capital Management LLC now owns 1,221,890 shares of the apparel retailer’s stock worth $171,815,000 after purchasing an additional 63,157 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Abercrombie & Fitch by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,017,720 shares of the apparel retailer’s stock worth $142,379,000 after purchasing an additional 204,901 shares during the period. Marshall Wace LLP increased its stake in Abercrombie & Fitch by 16.0% during the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Abercrombie & Fitch by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 870,143 shares of the apparel retailer’s stock worth $121,733,000 after purchasing an additional 60,022 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Abercrombie & Fitch by 146.3% during the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock worth $153,494,000 after purchasing an additional 512,700 shares during the period.

About Abercrombie & Fitch

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.