Abercrombie & Fitch Co. (NYSE:ANF) Given Consensus Rating of “Moderate Buy” by Analysts

Abercrombie & Fitch Co. (NYSE:ANF) has received an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $176.57.

A number of analysts recently commented on ANF shares. Morgan Stanley decreased their target price on Abercrombie & Fitch from $155.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Jefferies Financial Group boosted their target price on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. raised Abercrombie & Fitch from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $167.00 to $194.00 in a research report on Monday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Abercrombie & Fitch in a research report on Wednesday, September 11th. Finally, Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 30th.

Insiders Place Their Bets

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total transaction of $487,830.00. Following the completion of the sale, the director now directly owns 37,470 shares of the company’s stock, valued at approximately $5,222,568.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Scott D. Lipesky sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total value of $1,321,200.00. Following the transaction, the chief financial officer now owns 106,455 shares in the company, valued at approximately $15,627,594. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Helen Mccluskey sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,541 shares of company stock valued at $4,310,256. Corporate insiders own 3.77% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP lifted its stake in Abercrombie & Fitch by 16.0% in the second quarter. Marshall Wace LLP now owns 873,148 shares of the apparel retailer’s stock valued at $155,281,000 after purchasing an additional 120,509 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Abercrombie & Fitch by 146.3% in the second quarter. Renaissance Technologies LLC now owns 863,100 shares of the apparel retailer’s stock valued at $153,494,000 after purchasing an additional 512,700 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in Abercrombie & Fitch by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 502,400 shares of the apparel retailer’s stock valued at $89,347,000 after acquiring an additional 76,900 shares during the period. Bank of New York Mellon Corp raised its holdings in Abercrombie & Fitch by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after acquiring an additional 20,616 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Abercrombie & Fitch by 45.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 454,550 shares of the apparel retailer’s stock valued at $56,969,000 after acquiring an additional 141,788 shares during the period.

Abercrombie & Fitch Trading Down 5.4 %

ANF stock opened at $134.51 on Thursday. The stock has a 50-day moving average price of $151.85 and a 200-day moving average price of $146.68. Abercrombie & Fitch has a 1-year low of $49.24 and a 1-year high of $196.99. The firm has a market cap of $6.87 billion, a PE ratio of 16.73 and a beta of 1.50.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.