Raymond James Has Lowered Expectations for Abercrombie & Fitch (NYSE:ANF) Stock Price

Abercrombie & Fitch (NYSE:ANF) had its price objective decreased by Raymond James from $180.00 to $165.00 in a report published on Tuesday morning,Benzinga reports. Raymond James currently has an outperform rating on the apparel retailer’s stock.

Several other research firms have also recently weighed in on ANF. UBS Group raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $173.00 to $220.00 in a report on Friday, January 10th. StockNews.com raised Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley upped their price target on shares of Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of Abercrombie & Fitch in a report on Tuesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.25.

Abercrombie & Fitch Price Performance

NYSE:ANF opened at $128.25 on Tuesday. The firm’s fifty day moving average price is $147.72 and its two-hundred day moving average price is $149.26. The company has a market cap of $6.46 billion, a P/E ratio of 12.69 and a beta of 1.52. Abercrombie & Fitch has a one year low of $95.51 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.18. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. Abercrombie & Fitch’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 EPS. As a group, equities research analysts expect that Abercrombie & Fitch will post 10.63 earnings per share for the current year.

Insider Transactions at Abercrombie & Fitch

In related news, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Samir Desai sold 5,926 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $148.51, for a total value of $880,070.26. Following the sale, the executive vice president now directly owns 22,059 shares in the company, valued at approximately $3,275,982.09. This trade represents a 21.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,401 shares of company stock valued at $2,631,741. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Abercrombie & Fitch

A number of institutional investors have recently added to or reduced their stakes in ANF. UMB Bank n.a. lifted its holdings in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC increased its holdings in Abercrombie & Fitch by 81.5% in the third quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 123 shares during the period. Private Trust Co. NA raised its position in Abercrombie & Fitch by 604.4% during the 3rd quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares during the last quarter. Quarry LP lifted its holdings in Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Abercrombie & Fitch by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 788 shares of the apparel retailer’s stock valued at $110,000 after buying an additional 222 shares during the last quarter.

About Abercrombie & Fitch

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.