Abercrombie & Fitch (NYSE:ANF) Receives “Outperform” Rating from Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reiterated by analysts at 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 indicates a potential upside of 40.11% from the company’s previous close.

Several other analysts also recently commented on ANF. Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. increased their target price on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. StockNews.com upgraded Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $173.00 to $220.00 in a research report on Friday. Finally, Raymond James started coverage on Abercrombie & Fitch in a report on Friday, December 6th. They issued an “outperform” rating and a $180.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus price target of $185.38.

Abercrombie & Fitch Price Performance

Shares of ANF opened at $135.61 on Tuesday. Abercrombie & Fitch has a 1-year low of $95.51 and a 1-year high of $196.99. The stock has a market cap of $6.83 billion, a PE ratio of 13.41 and a beta of 1.52. The firm has a fifty day moving average price of $147.95 and a 200 day moving average price of $149.73.

Abercrombie & Fitch (NYSE:ANF) last announced 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 $2.32 by $0.18. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. As a group, equities analysts expect that Abercrombie & Fitch will post 10.61 EPS for the current fiscal year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the company’s stock in a transaction that occurred on 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 $1,024,800. This represents a 30.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Scott D. Lipesky sold 8,605 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares of the company’s stock, valued at $14,697,070. The trade was a 8.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Abercrombie & Fitch by 58.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 40,721 shares of the apparel retailer’s stock valued at $6,087,000 after purchasing an additional 14,968 shares in the last quarter. Diversified Trust Co raised its position in shares of Abercrombie & Fitch by 15.9% during the 4th quarter. Diversified Trust Co now owns 8,183 shares of the apparel retailer’s stock worth $1,223,000 after purchasing an additional 1,122 shares during the last quarter. Nordea Investment Management AB lifted its stake in Abercrombie & Fitch by 17.5% in the 4th quarter. Nordea Investment Management AB now owns 26,756 shares of the apparel retailer’s stock valued at $4,024,000 after buying an additional 3,978 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Abercrombie & Fitch during the 4th quarter valued at $212,000. Finally, GAMMA Investing LLC increased its position in Abercrombie & Fitch by 34.0% during the fourth quarter. GAMMA Investing LLC now owns 1,056 shares of the apparel retailer’s stock worth $158,000 after buying an additional 268 shares in the last quarter.

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.