Abercrombie & Fitch Company (NYSE:ANF) Given Consensus Rating of "Moderate Buy" by Analysts

Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $110.63.

Several analysts recently weighed in on the stock. Raymond James Financial reduced their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. JPMorgan Chase & Co. cut their target price on Abercrombie & Fitch from $147.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday, June 16th. UBS Group reissued a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Jefferies Financial Group cut their price objective on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Finally, Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an "equal weight" rating in a report on Thursday, May 29th.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds have recently added to or reduced their stakes in ANF. Virtue Capital Management LLC increased its stake in shares of Abercrombie & Fitch by 1.3% in the 4th quarter. Virtue Capital Management LLC now owns 8,221 shares of the apparel retailer's stock valued at $1,229,000 after acquiring an additional 102 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Abercrombie & Fitch by 2.0% in the fourth quarter. Evergreen Capital Management LLC now owns 5,460 shares of the apparel retailer's stock valued at $816,000 after purchasing an additional 108 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Abercrombie & Fitch by 7.4% during the fourth quarter. Atria Investments Inc now owns 1,679 shares of the apparel retailer's stock valued at $251,000 after purchasing an additional 115 shares during the period. Arizona State Retirement System boosted its position in shares of Abercrombie & Fitch by 0.8% during the 4th quarter. Arizona State Retirement System now owns 14,831 shares of the apparel retailer's stock worth $2,217,000 after purchasing an additional 115 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of Abercrombie & Fitch by 5.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,525 shares of the apparel retailer's stock valued at $377,000 after buying an additional 133 shares during the period.

Abercrombie & Fitch Stock Down 1.9%

Shares of ANF opened at $87.07 on Wednesday. The stock has a market cap of $4.15 billion, a PE ratio of 8.57 and a beta of 1.46. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $183.70. The business has a 50-day simple moving average of $78.58 and a two-hundred day simple moving average of $95.01.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.24. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $2.14 earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current year.

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.

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