Abercrombie & Fitch’s (ANF) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Abercrombie & Fitch (NYSE:ANF) in a report released on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $190.00 price objective on the apparel retailer’s stock.

Other analysts have also recently issued reports about the company. Raymond James lowered their price target 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. Morgan Stanley lowered their price target on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. upped their price target on Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. StockNews.com lowered Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $173.00 to $220.00 in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Abercrombie & Fitch presently has an average rating of “Moderate Buy” and an average price target of $182.25.

Abercrombie & Fitch Stock Performance

Shares of ANF stock opened at $104.04 on Wednesday. The stock’s 50 day simple moving average is $129.39 and its 200 day simple moving average is $140.06. Abercrombie & Fitch has a twelve month low of $99.12 and a twelve month high of $196.99. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 10.29 and a beta of 1.49.

Abercrombie & Fitch (NYSE:ANF) last released 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. 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $1.83 EPS. The company’s revenue was up 14.4% on a year-over-year basis. On average, analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $150.20, for a total transaction of $1,292,471.00. Following the completion of the transaction, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now owns 22,059 shares of the company’s stock, valued at approximately $3,275,982.09. The trade was a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,401 shares of company stock worth $2,631,741 over the last ninety days. 2.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Chartwell Investment Partners LLC grew its holdings in shares of Abercrombie & Fitch by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock worth $1,322,000 after buying an additional 74 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Abercrombie & Fitch by 5.4% during the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after buying an additional 80 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Abercrombie & Fitch by 30.9% during the fourth quarter. Private Trust Co. NA now owns 415 shares of the apparel retailer’s stock worth $62,000 after buying an additional 98 shares in the last quarter. Virtue Capital Management LLC grew its holdings in shares of Abercrombie & Fitch by 1.3% during the fourth quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer’s stock worth $1,229,000 after buying an additional 102 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after buying an additional 107 shares in 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.