Abercrombie & Fitch Co. (NYSE:ANF) Receives $127.25 Consensus Target Price from Brokerages

Shares of Abercrombie & Fitch Co. (NYSE:ANF - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $127.25.

ANF has been the subject of several research analyst reports. StockNews.com downgraded shares of Abercrombie & Fitch from a "buy" rating to a "hold" rating in a research note on Sunday, March 9th. Barclays started coverage on 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. JPMorgan Chase & Co. decreased their price objective on Abercrombie & Fitch from $168.00 to $155.00 and set an "overweight" rating for the company in a report on Monday, April 14th. UBS Group dropped their target price on shares of Abercrombie & Fitch from $210.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Raymond James set a $110.00 target price on shares of Abercrombie & Fitch in a research report on Thursday, March 6th.

Abercrombie & Fitch Trading Up 0.0 %

Shares of NYSE ANF traded up $0.01 during midday trading on Friday, hitting $69.47. The company's stock had a trading volume of 1,879,723 shares, compared to its average volume of 2,000,669. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $196.99. The firm has a market cap of $3.39 billion, a P/E ratio of 6.87 and a beta of 1.41. The business's 50 day moving average is $79.34 and its two-hundred day moving average is $118.18.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.48 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.97 earnings per share. On average, analysts predict that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 5th that permits the company to repurchase $1.30 billion in outstanding shares. This repurchase authorization permits the apparel retailer to reacquire up to 29.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Abercrombie & Fitch by 150.7% during the fourth quarter. Invesco Ltd. now owns 1,484,643 shares of the apparel retailer's stock worth $221,910,000 after purchasing an additional 892,492 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Abercrombie & Fitch in the first quarter valued at about $56,569,000. Norges Bank acquired a new stake in Abercrombie & Fitch in the fourth quarter worth about $88,478,000. Wellington Management Group LLP grew its stake in shares of Abercrombie & Fitch by 20.8% during the fourth quarter. Wellington Management Group LLP now owns 1,229,875 shares of the apparel retailer's stock worth $183,829,000 after acquiring an additional 212,155 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Abercrombie & Fitch during the fourth quarter valued at about $31,371,000.

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.