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

Abercrombie & Fitch logo with Retail/Wholesale background

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.

View Our Latest Analysis on Abercrombie & Fitch

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

(Get Free Report

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.

Further Reading

Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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