Abercrombie & Fitch Co. (NYSE:ANF) Receives $127.25 Average PT from Analysts

Shares of Abercrombie & Fitch Co. (NYSE:ANF) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $127.25.

Several analysts have weighed in on the company. Morgan Stanley dropped their price objective on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. StockNews.com cut Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Sunday, March 9th. UBS Group reduced their price objective on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a research note on Thursday, March 6th. Finally, Barclays initiated coverage on shares of Abercrombie & Fitch in a research report on Monday, April 21st. They set an “equal weight” rating and a $71.00 price target on the stock.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in Abercrombie & Fitch in the 4th quarter valued at $27,000. UMB Bank n.a. lifted its position in Abercrombie & Fitch by 92.2% in the 4th quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. Fifth Third Bancorp increased its stake in 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 buying an additional 132 shares during the last quarter. Versant Capital Management Inc increased its stake in Abercrombie & Fitch by 55.6% in the 1st quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer’s stock valued at $56,000 after buying an additional 260 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Abercrombie & Fitch by 30.9% in the 4th quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock valued at $62,000 after buying an additional 98 shares during the last quarter.

Abercrombie & Fitch Stock Down 1.7 %

Shares of NYSE ANF opened at $69.47 on Friday. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 6.87 and a beta of 1.41. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $196.99. The firm’s 50-day simple moving average is $79.96 and its 200 day simple moving average is $118.52.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.09. The firm had revenue of $1.58 billion during 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%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.97 EPS. On average, equities analysts expect that Abercrombie & Fitch will post 10.62 earnings per share for the current year.

Abercrombie & Fitch announced that its board has approved a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 29.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.