Abercrombie Fitch (ANF) Gets a Buy Rating from Jefferies

In a report released yesterday, Corey Tarlowe from Jefferies maintained a Buy rating on Abercrombie Fitch (ANFResearch Report), with a price target of $50.00. The company’s shares closed last Wednesday at $34.24.

According to TipRanks.com, Tarlowe is a 1-star analyst with an average return of -3.8% and a 39.1% success rate. Tarlowe covers the Consumer Goods sector, focusing on stocks such as Victoria’s Secret, Burlington Stores, and Urban Outfitters.

Abercrombie Fitch has an analyst consensus of Moderate Buy, with a price target consensus of $45.50, representing a 31.1% upside. In a report issued on January 11, Telsey Advisory also maintained a Buy rating on the stock with a $45.00 price target.

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The company has a one-year high of $48.97 and a one-year low of $22.29. Currently, Abercrombie Fitch has an average volume of 1.71M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ANF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Abercrombie & Fitch Co. engages in the retail of apparel, personal care products and accessories. It offers apparel products, including knit tops, woven shirts, graphic t-shirts, fleece, sweaters, jeans, woven pants, shorts, outerwear, dresses, intimates and swimwear; and personal care products and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks brands. The company was founded by David Abercrombie in 1892 and is headquartered in New Albany, OH.

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