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

Shares of Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat.com reports. Two 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 covered the stock in the last year is $110.63.

A number of analysts have recently issued reports on ANF shares. Citigroup reaffirmed a "buy" rating on shares of Abercrombie & Fitch in a research report on Wednesday, May 28th. Jefferies Financial Group cut their price target on Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Raymond James Financial decreased their price objective on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Morgan Stanley lifted their price target on Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, UBS Group reiterated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th.

Abercrombie & Fitch Stock Performance

ANF traded up $1.10 on Wednesday, hitting $89.34. 1,226,404 shares of the company were exchanged, compared to its average volume of 2,210,336. The stock's fifty day moving average is $79.32 and its 200-day moving average is $94.51. Abercrombie & Fitch has a 12 month low of $65.40 and a 12 month high of $179.90. The company has a market cap of $4.26 billion, a PE ratio of 8.79 and a beta of 1.46.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the business posted $2.14 EPS. The business's revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $27,000. UMB Bank n.a. lifted its holdings in shares of Abercrombie & Fitch by 161.4% during the first quarter. UMB Bank n.a. now owns 583 shares of the apparel retailer's stock worth $45,000 after purchasing an additional 360 shares during the period. Versant Capital Management Inc grew its stake in shares of Abercrombie & Fitch by 55.6% in the first quarter. Versant Capital Management Inc now owns 728 shares of the apparel retailer's stock worth $56,000 after purchasing an additional 260 shares during the last quarter. IFP Advisors Inc increased its holdings in Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 530 shares during the period. Finally, Bayforest Capital Ltd raised its position in Abercrombie & Fitch by 102.9% during the 1st quarter. Bayforest Capital Ltd now owns 848 shares of the apparel retailer's stock worth $65,000 after purchasing an additional 430 shares during the last quarter.

About Abercrombie & Fitch

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.