Abercrombie & Fitch (NYSE:ANF) Trading Up 5.2% – Should You Buy?

by · The Cerbat Gem

Abercrombie & Fitch Company (NYSE:ANF – Get Free Report) was up 5.2% during mid-day trading on Monday . The stock traded as high as $116.50 and last traded at $117.87. Approximately 423,483 shares traded hands during trading, a decline of 82% from the average daily volume of 2,325,348 shares. The stock had previously closed at $112.09.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ANF shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Abercrombie & Fitch in a report on Thursday, October 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Abercrombie & Fitch in a research report on Tuesday, November 25th. Zacks Research raised Abercrombie & Fitch from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Raymond James Financial set a $105.00 price target on shares of Abercrombie & Fitch and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Citigroup raised their price target on shares of Abercrombie & Fitch from $79.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Abercrombie & Fitch currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.10.

Get Our Latest Research Report on Abercrombie & Fitch

Abercrombie & Fitch Price Performance

The business’s 50 day simple moving average is $79.16 and its 200 day simple moving average is $85.80. The stock has a market cap of $5.50 billion, a P/E ratio of 11.51 and a beta of 1.17.

Abercrombie & Fitch (NYSE:ANF – Get Free Report) last announced its earnings results on Wednesday, November 26th. The apparel retailer reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.22. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Abercrombie & Fitch had a net margin of 10.07% and a return on equity of 38.01%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $2.50 EPS. Research analysts predict that Abercrombie & Fitch Company will post 10.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ANF. NewEdge Advisors LLC lifted 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 acquiring an additional 227 shares during the period. Blue Trust Inc. bought a new stake in Abercrombie & Fitch during the 3rd quarter worth about $38,000. Ameritas Advisory Services LLC acquired a new position in Abercrombie & Fitch during the 2nd quarter valued at about $38,000. Hantz Financial Services Inc. boosted 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 purchasing an additional 250 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Abercrombie & Fitch by 268.0% during the 3rd quarter. Bessemer Group Inc. now owns 666 shares of the apparel retailer’s stock worth $56,000 after buying an additional 485 shares during the period.

About Abercrombie & Fitch

(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.

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