Abercrombie & Fitch Company (NYSE:ANF) Receives $110.63 Average Price Target from Brokerages

Shares of Abercrombie & Fitch Company (NYSE:ANF - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $110.63.

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

Abercrombie & Fitch Trading Up 1.4%

ANF traded up $1.21 during trading on Wednesday, hitting $88.25. 532,975 shares of the company's stock traded hands, compared to its average volume of 2,553,875. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 8.69 and a beta of 1.46. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $179.90. The company's 50 day simple moving average is $78.93 and its two-hundred day simple moving average is $94.95.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a return on equity of 42.32% and a net margin of 10.60%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business posted $2.14 EPS. On average, equities analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current year.

Institutional Investors Weigh In On Abercrombie & Fitch

Several large investors have recently made changes to their positions in ANF. SBI Securities Co. Ltd. bought a new stake in shares of Abercrombie & Fitch in the fourth quarter worth about $27,000. UMB Bank n.a. increased its holdings in shares of Abercrombie & Fitch by 161.4% in 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 last quarter. Versant Capital Management Inc increased its holdings 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 shares of Abercrombie & Fitch by 166.7% in the first quarter. IFP Advisors Inc now owns 848 shares of the apparel retailer's stock worth $65,000 after purchasing an additional 530 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of Abercrombie & Fitch by 102.9% in the first 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.