Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $195.00

Abercrombie & Fitch (NYSE:ANF) had its price target upped by JPMorgan Chase & Co. from $194.00 to $195.00 in a report published on Friday, Benzinga reports. The brokerage currently has an overweight rating on the apparel retailer’s stock.

Several other equities analysts have also commented on the stock. Citigroup raised shares of Abercrombie & Fitch from a neutral rating to a buy rating and set a $190.00 target price on the stock in a report on Friday, August 30th. Telsey Advisory Group reissued an outperform rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a research note on Wednesday, September 11th. Argus lowered shares of Abercrombie & Fitch from a buy rating to a hold rating in a report on Thursday, July 11th. Jefferies Financial Group boosted their price objective on Abercrombie & Fitch from $215.00 to $220.00 and gave the company a buy rating in a research note on Wednesday, September 4th. Finally, UBS Group decreased their target price on Abercrombie & Fitch from $193.00 to $165.00 and set a neutral rating for the company in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $176.71.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $146.32 on Friday. The firm has a market cap of $7.48 billion, a P/E ratio of 18.20 and a beta of 1.49. The stock’s 50-day moving average is $144.97 and its 200-day moving average is $147.60. Abercrombie & Fitch has a one year low of $53.16 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.14 by $0.36. Abercrombie & Fitch had a net margin of 10.76% and a return on equity of 47.35%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Equities analysts anticipate that Abercrombie & Fitch will post 10.26 EPS for the current year.

Insider Buying and Selling

In related news, EVP Samir Desai sold 19,041 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at approximately $3,676,109.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the sale, the director now owns 37,470 shares in the company, valued at approximately $5,222,568.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the sale, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,541 shares of company stock valued at $4,310,256 over the last three months. Corporate insiders own 3.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANF. Sage Rhino Capital LLC grew its position in Abercrombie & Fitch by 5.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock valued at $301,000 after acquiring an additional 89 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Abercrombie & Fitch by 3.6% in the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock worth $583,000 after purchasing an additional 115 shares in the last quarter. Quarry LP grew its holdings in shares of 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 during the last quarter. Petra Financial Advisors Inc. raised its stake in shares of Abercrombie & Fitch by 3.0% in the second quarter. Petra Financial Advisors Inc. now owns 6,103 shares of the apparel retailer’s stock worth $1,085,000 after purchasing an additional 176 shares during the last quarter. Finally, Matrix Trust Co acquired a new stake in Abercrombie & Fitch during the 2nd quarter valued at approximately $35,000.

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.