Abercrombie & Fitch (NYSE:ANF) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Abercrombie & Fitch (NYSE:ANF) from a buy rating to a hold rating in a report published on Sunday morning.

Several other analysts also recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a $145.00 target price on shares of Abercrombie & Fitch in a research note on Monday, January 5th. BTIG Research reissued a “buy” rating on shares of Abercrombie & Fitch in a research report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Abercrombie & Fitch in a research note on Thursday, October 30th. The Goldman Sachs Group started coverage on shares of Abercrombie & Fitch in a research note on Thursday, December 11th. They set a “buy” rating and a $120.00 target price for the company. Finally, UBS Group increased their price target on shares of Abercrombie & Fitch from $130.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.60.

Abercrombie & Fitch Trading Up 0.4%

NYSE ANF opened at $94.10 on Friday. The company has a fifty day simple moving average of $109.38 and a 200 day simple moving average of $93.64. The company has a market cap of $4.32 billion, a P/E ratio of 9.02 and a beta of 1.19. Abercrombie & Fitch has a 1 year low of $65.40 and a 1 year high of $133.11.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 EPS for the quarter, topping the consensus estimate of $2.14 by $0.22. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $2.50 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts forecast that Abercrombie & Fitch will post 10.62 EPS for the current fiscal year.

Insider Activity at Abercrombie & Fitch

In other news, CEO Fran Horowitz sold 103,200 shares of Abercrombie & Fitch stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $98.53, for a total transaction of $10,168,296.00. Following the sale, the chief executive officer directly owned 605,303 shares in the company, valued at approximately $59,640,504.59. The trade was a 14.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 350,000 shares of company stock worth $34,661,358. 2.29% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Abercrombie & Fitch by 181.6% during the second quarter. NewEdge Advisors LLC now owns 352 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 227 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Abercrombie & Fitch by 322.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 249 shares of the apparel retailer’s stock worth $31,000 after buying an additional 190 shares in the last quarter. Larson Financial Group LLC boosted its position in Abercrombie & Fitch by 120.3% in the 4th quarter. Larson Financial Group LLC now owns 271 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 148 shares during the last quarter. Blue Trust Inc. bought a new position in Abercrombie & Fitch in the 3rd quarter valued at $38,000. Finally, Hantz Financial Services Inc. increased its stake in shares of Abercrombie & Fitch by 108.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 481 shares of the apparel retailer’s stock valued at $41,000 after buying an additional 250 shares during the period.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co (NYSE: ANF) is an American specialty retailer that designs, markets and sells casual apparel and accessories for men, women and children. Founded in 1892 by David T. Abercrombie and Ezra Fitch, the company evolved from an outdoor gear outfitter to a global lifestyle brand renowned for its relaxed, preppy aesthetic. Its product assortment includes tops, bottoms, outerwear, intimates, swimwear, fragrances and personal care items.

The company operates under multiple brand names, including Abercrombie & Fitch, Abercrombie Kids, Hollister and Gilly Hicks, each targeting distinct consumer segments from teens to young adults.