Several other research analysts also recently weighed in on the company. Wall Street Zen downgraded Abercrombie & Fitch from a “buy” rating to a “hold” rating in a report on Sunday, March 9th. Raymond James lowered their price objective on Abercrombie & Fitch from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, May 27th. Barclays set a $84.00 target price on Abercrombie & Fitch and gave the company an “equal weight” rating in a research note on Thursday. Morgan Stanley reduced their target price on Abercrombie & Fitch from $114.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. Finally, UBS Group restated a “buy” rating on shares of Abercrombie & Fitch in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Abercrombie & Fitch currently has an average rating of “Moderate Buy” and an average target price of $111.38.

Read Our Latest Stock Report on ANF

NYSE:ANF opened at $78.38 on Thursday. Abercrombie & Fitch has a 12-month low of $65.40 and a 12-month high of $194.38. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 7.75 and a beta of 1.47. The company’s 50-day moving average is $74.51 and its two-hundred day moving average is $107.43.

Abercrombie & Fitch (NYSE:ANF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.24. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 earnings per share. On average, equities research analysts forecast that Abercrombie & Fitch will post 10.62 earnings per share for the current fiscal year.

Abercrombie & Fitch announced that its board has approved a share repurchase program on Wednesday, March 5th that permits the company to buyback $1.30 billion in shares. This buyback authorization permits the apparel retailer to purchase up to 29.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several large investors have recently made changes to their positions in the company. Empirical Finance LLC grew its position in Abercrombie & Fitch by 87.2% during the fourth quarter. Empirical Finance LLC now owns 8,818 shares of the apparel retailer’s stock valued at $1,318,000 after acquiring an additional 4,108 shares during the period. Rhumbline Advisers lifted its stake in shares of Abercrombie & Fitch by 3.1% in the 4th quarter. Rhumbline Advisers now owns 158,554 shares of the apparel retailer’s stock valued at $23,699,000 after purchasing an additional 4,837 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Abercrombie & Fitch during the 4th quarter worth about $12,406,000. Janney Montgomery Scott LLC increased its position in Abercrombie & Fitch by 96.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the apparel retailer’s stock worth $3,412,000 after purchasing an additional 11,208 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Abercrombie & Fitch by 108.9% during the 4th quarter. Empowered Funds LLC now owns 124,115 shares of the apparel retailer’s stock worth $18,551,000 after purchasing an additional 64,708 shares in the last quarter.

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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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