Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $204.00

Abercrombie & Fitch (NYSE:ANF) had its price objective boosted by JPMorgan Chase & Co. from $201.00 to $204.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have an overweight rating on the apparel retailer’s stock.

ANF has been the topic of a number of other reports. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday, August 30th. Morgan Stanley boosted their price target on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Raymond James started coverage on Abercrombie & Fitch in a research note on Friday, December 6th. They set an “outperform” rating and a $180.00 price objective on the stock. UBS Group boosted their target price on shares of Abercrombie & Fitch from $170.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group raised their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.50.

Abercrombie & Fitch Price Performance

Abercrombie & Fitch stock opened at $154.56 on Friday. Abercrombie & Fitch has a 12-month low of $86.91 and a 12-month high of $196.99. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 15.29 and a beta of 1.52. The firm’s fifty day moving average price is $146.29 and its 200 day moving average price is $153.01.

Abercrombie & Fitch (NYSE:ANF) last announced its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. Analysts forecast that Abercrombie & Fitch will post 10.61 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Scott D. Lipesky sold 8,605 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the sale, the chief operating officer now owns 97,850 shares of the company’s stock, valued at $14,697,070. This represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,401 shares of company stock valued at $2,631,741. Insiders own 2.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ANF. Farther Finance Advisors LLC lifted its position in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA lifted its holdings in shares of Abercrombie & Fitch by 604.4% in the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 272 shares during the period. Quarry LP boosted its stake in Abercrombie & Fitch by 156.0% during the second quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock valued at $50,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC grew its holdings in Abercrombie & Fitch by 39.2% during the third quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock worth $110,000 after acquiring an additional 222 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Abercrombie & Fitch by 8,914.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after acquiring an additional 624 shares in the last quarter.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands.