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

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

ANF has been the topic of several research analyst reports. Citigroup reiterated a "buy" rating on shares of Abercrombie & Fitch in a research note on Wednesday, May 28th. Jefferies Financial Group decreased their price target on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Raymond James Financial decreased their price target 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. Morgan Stanley boosted their price target on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the stock an "equal weight" rating in a research note 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

Shares of Abercrombie & Fitch stock traded down $0.20 on Wednesday, hitting $86.79. 1,627,363 shares of the company's stock were exchanged, compared to its average volume of 2,204,961. The company has a 50-day simple moving average of $78.58 and a 200-day simple moving average of $95.01. The stock has a market capitalization of $4.13 billion, a PE ratio of 8.54 and a beta of 1.46. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $183.70.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last released its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.24. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. 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 previous year, the company earned $2.14 EPS. Abercrombie & Fitch's revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Institutional Trading of Abercrombie & Fitch

A number of large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. grew its holdings in Abercrombie & Fitch by 7.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 36,191 shares of the apparel retailer's stock valued at $2,998,000 after purchasing an additional 2,430 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Abercrombie & Fitch by 21.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 10,700 shares of the apparel retailer's stock valued at $886,000 after purchasing an additional 1,900 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Abercrombie & Fitch by 35.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 13,772 shares of the apparel retailer's stock valued at $1,141,000 after purchasing an additional 3,630 shares during the last quarter. Parallel Advisors LLC grew its holdings in Abercrombie & Fitch by 178.6% during the 2nd quarter. Parallel Advisors LLC now owns 822 shares of the apparel retailer's stock valued at $68,000 after purchasing an additional 527 shares during the last quarter. Finally, Swedbank AB bought a new position in Abercrombie & Fitch during the 1st quarter valued at about $12,502,000.

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.