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

Abercrombie & Fitch (NYSE:ANF)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued on Tuesday,Benzinga reports. They currently have a $190.00 target price on the apparel retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 40.11% from the stock’s previous close.

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

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF opened at $135.61 on Tuesday. The firm has a market cap of $6.83 billion, a PE ratio of 13.41 and a beta of 1.52. The firm’s 50 day simple moving average is $147.95 and its 200-day simple moving average is $149.73. Abercrombie & Fitch has a one year low of $95.51 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business earned $1.83 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that Abercrombie & Fitch will post 10.61 EPS for the current fiscal year.

Insider Transactions at Abercrombie & Fitch

In other news, Director Suzanne M. Coulter sold 2,870 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the sale, the director now owns 6,405 shares in the company, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Samir Desai sold 5,926 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the transaction, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. This represents a 21.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,401 shares of company stock valued at $2,631,741 over the last ninety days. Insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new position in Abercrombie & Fitch in the 2nd quarter valued at about $428,000. Victory Capital Management Inc. grew its stake in shares of Abercrombie & Fitch by 92.5% in the second quarter. Victory Capital Management Inc. now owns 29,571 shares of the apparel retailer’s stock worth $5,259,000 after acquiring an additional 14,206 shares in the last quarter. Choreo LLC purchased a new stake in shares of Abercrombie & Fitch during the second quarter worth $336,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Abercrombie & Fitch in the second quarter valued at $786,000. Finally, Plato Investment Management Ltd boosted its holdings in Abercrombie & Fitch by 66.1% in the second quarter. Plato Investment Management Ltd now owns 741 shares of the apparel retailer’s stock valued at $132,000 after purchasing an additional 295 shares during the period.

Abercrombie & Fitch Company Profile

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.