Abercrombie & Fitch (NYSE:ANF) Price Target Lowered to $125.00 at Telsey Advisory Group

Abercrombie & Fitch (NYSE:ANF) had its target price dropped by equities research analysts at Telsey Advisory Group from $190.00 to $125.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 42.98% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Abercrombie & Fitch from $220.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. Morgan Stanley reduced their price target on shares of Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. Raymond James cut their target price on Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research note on Saturday, March 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Abercrombie & Fitch presently has a consensus rating of “Moderate Buy” and an average target price of $163.38.

Abercrombie & Fitch Stock Performance

Shares of ANF opened at $87.43 on Thursday. The firm’s 50-day simple moving average is $123.78 and its two-hundred day simple moving average is $137.94. Abercrombie & Fitch has a fifty-two week low of $79.77 and a fifty-two week high of $196.99. The stock has a market cap of $4.40 billion, a PE ratio of 8.65 and a beta of 1.45.

Abercrombie & Fitch (NYSE:ANF) last posted its quarterly earnings results on Wednesday, March 5th. The apparel retailer reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.57 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.97 EPS. Equities research analysts predict that Abercrombie & Fitch will post 10.62 EPS for the current year.

Abercrombie & Fitch declared that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that permits the company to buyback $1.30 billion in shares. This buyback authorization permits the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Abercrombie & Fitch

Hedge funds have recently made changes to their positions in the company. Everence Capital Management Inc. purchased a new stake in Abercrombie & Fitch during the fourth quarter valued at $212,000. Empirical Finance LLC increased its holdings in shares of Abercrombie & Fitch by 87.2% in the 4th quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock worth $1,318,000 after buying an additional 4,108 shares during the last quarter. Lmcg Investments LLC lifted its holdings in shares of Abercrombie & Fitch by 11.2% in the 4th quarter. Lmcg Investments LLC now owns 24,669 shares of the apparel retailer’s stock valued at $3,687,000 after acquiring an additional 2,479 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Abercrombie & Fitch by 228.9% in the third quarter. Mutual of America Capital Management LLC now owns 27,621 shares of the apparel retailer’s stock worth $3,864,000 after acquiring an additional 19,222 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Abercrombie & Fitch by 3.1% in the fourth quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock worth $23,699,000 after acquiring an additional 4,837 shares in the last quarter.

About Abercrombie & Fitch

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.