Abercrombie & Fitch (NYSE:ANF) Given New $204.00 Price Target at JPMorgan Chase & Co.

Abercrombie & Fitch (NYSE:ANFFree Report) had its price objective lifted by JPMorgan Chase & Co. from $201.00 to $204.00 in a report released on Friday morning, Marketbeat reports. They currently have an overweight rating on the apparel retailer’s stock.

A number of other equities analysts have also weighed in on the stock. Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, August 30th. Raymond James assumed coverage on shares of Abercrombie & Fitch in a research note on Friday, December 6th. They issued an “outperform” rating and a $180.00 price objective for the company. UBS Group increased their target price on Abercrombie & Fitch from $170.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lifted their price target on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and a consensus target price of $179.50.

Check Out Our Latest Stock Report on Abercrombie & Fitch

Abercrombie & Fitch Stock Up 0.9 %

Shares of ANF stock opened at $154.56 on Friday. The firm has a market cap of $7.79 billion, a P/E ratio of 15.29 and a beta of 1.52. The company has a 50 day moving average of $146.19 and a 200-day moving average of $153.28. Abercrombie & Fitch has a 12-month low of $86.91 and a 12-month high of $196.99.

Abercrombie & Fitch (NYSE:ANFGet Free Report) last released 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $1.83 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities analysts expect that Abercrombie & Fitch will post 10.61 EPS for the current year.

Insider Buying and Selling at Abercrombie & Fitch

In related news, EVP Samir Desai sold 5,926 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $148.51, for a total value of $880,070.26. Following the completion of the sale, the executive vice president now owns 22,059 shares in the company, valued at $3,275,982.09. The trade was a 21.18 % decrease in their position. The transaction was disclosed in a filing 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 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 transaction, the director now directly owns 6,405 shares in the company, valued at approximately $1,024,800. This represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,401 shares of company stock valued at $2,631,741 in the last 90 days. Corporate insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Abercrombie & Fitch

Institutional investors and hedge funds have recently bought and sold shares of the stock. Calamos Advisors LLC bought a new position in shares of Abercrombie & Fitch in the second quarter worth approximately $499,000. EFG Asset Management North America Corp. bought a new stake in Abercrombie & Fitch in the 2nd quarter worth $1,097,000. Bank of New York Mellon Corp increased its position in shares of Abercrombie & Fitch by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 460,613 shares of the apparel retailer’s stock valued at $81,915,000 after acquiring an additional 20,616 shares during the period. Bailard Inc. raised its stake in shares of Abercrombie & Fitch by 11.1% during the second quarter. Bailard Inc. now owns 2,000 shares of the apparel retailer’s stock valued at $356,000 after acquiring an additional 200 shares during the last quarter. Finally, Private Client Services LLC purchased a new stake in shares of Abercrombie & Fitch during the second quarter worth about $788,000.

Abercrombie & Fitch Company Profile

(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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Analyst Recommendations for Abercrombie & Fitch (NYSE:ANF)

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