Raymond James Issues Pessimistic Forecast for Abercrombie & Fitch (NYSE:ANF) Stock Price

Abercrombie & Fitch (NYSE:ANFGet Free Report) had its price objective reduced by Raymond James from $180.00 to $165.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Raymond James’ price objective would indicate a potential upside of 26.82% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley lifted their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. UBS Group upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and increased their price objective for the company from $173.00 to $220.00 in a research note on Friday, January 10th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Abercrombie & Fitch has an average rating of “Moderate Buy” and an average target price of $182.25.

Check Out Our Latest Analysis on ANF

Abercrombie & Fitch Stock Down 1.0 %

Shares of ANF stock opened at $130.11 on Tuesday. The business’s 50 day moving average is $147.83 and its two-hundred day moving average is $149.40. Abercrombie & Fitch has a 12 month low of $95.51 and a 12 month high of $196.99. The company has a market cap of $6.55 billion, a PE ratio of 12.87 and a beta of 1.52.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that Abercrombie & Fitch will post 10.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Abercrombie & Fitch news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction on 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 sale, the chief operating officer now directly owns 97,850 shares in the company, valued at approximately $14,697,070. This trade represents a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Suzanne M. Coulter sold 2,870 shares of the business’s stock in a transaction on 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 directly owns 6,405 shares of the company’s stock, valued at $1,024,800. This trade represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,401 shares of company stock valued at $2,631,741. 2.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of hedge funds have recently modified their holdings of the business. Wedge Capital Management L L P NC boosted its holdings in shares of Abercrombie & Fitch by 3.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 374,061 shares of the apparel retailer’s stock valued at $55,911,000 after buying an additional 11,582 shares during the period. Gateway Investment Advisers LLC bought a new position in Abercrombie & Fitch during the 4th quarter worth about $2,539,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Abercrombie & Fitch by 10.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,482 shares of the apparel retailer’s stock valued at $819,000 after purchasing an additional 519 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Abercrombie & Fitch by 58.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 40,721 shares of the apparel retailer’s stock worth $6,087,000 after buying an additional 14,968 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in Abercrombie & Fitch by 15.9% in the 4th quarter. Diversified Trust Co now owns 8,183 shares of the apparel retailer’s stock valued at $1,223,000 after acquiring an additional 1,122 shares in the last quarter.

About Abercrombie & Fitch

(Get Free Report)

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.

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