Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $173.00 at UBS Group

Abercrombie & Fitch (NYSE:ANF) had its price objective hoisted by UBS Group from $170.00 to $173.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

A number of other analysts have also weighed in on ANF. Morgan Stanley raised their target price on Abercrombie & Fitch from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research report on Tuesday. Jefferies Financial Group increased their price target on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Citigroup upgraded shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.14.

Abercrombie & Fitch Stock Up 0.7 %

NYSE:ANF opened at $149.56 on Wednesday. The firm has a market cap of $7.64 billion, a PE ratio of 14.75 and a beta of 1.50. Abercrombie & Fitch has a 12 month low of $75.18 and a 12 month high of $196.99. The company’s 50-day moving average price is $143.82 and its two-hundred day moving average price is $153.51.

Abercrombie & Fitch (NYSE:ANF) last posted its earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. 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 quarter in the previous year, the company posted $1.83 earnings per share. Abercrombie & Fitch’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts expect that Abercrombie & Fitch will post 10.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Samir Desai sold 19,041 shares of Abercrombie & Fitch stock in a transaction on Friday, September 6th. The stock was sold at an average price of $131.36, for a total transaction of $2,501,225.76. Following the completion of the sale, the executive vice president now directly owns 27,985 shares of the company’s stock, valued at $3,676,109.60. The trade was a 40.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Helen Mccluskey sold 3,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $139.38, for a total value of $487,830.00. Following the completion of the transaction, the director now directly owns 37,470 shares in the company, valued at $5,222,568.60. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Abercrombie & Fitch

Several large investors have recently bought and sold shares of ANF. Wolff Wiese Magana LLC grew its holdings in shares of Abercrombie & Fitch by 6.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,070 shares of the apparel retailer’s stock valued at $150,000 after buying an additional 65 shares during the period. Chartwell Investment Partners LLC grew its stake in Abercrombie & Fitch by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 9,445 shares of the apparel retailer’s stock valued at $1,322,000 after acquiring an additional 74 shares during the period. Atria Investments Inc increased its holdings in shares of Abercrombie & Fitch by 5.4% in the third quarter. Atria Investments Inc now owns 1,564 shares of the apparel retailer’s stock worth $219,000 after acquiring an additional 80 shares in the last quarter. Sage Rhino Capital LLC raised its position in shares of Abercrombie & Fitch by 5.5% during the second quarter. Sage Rhino Capital LLC now owns 1,695 shares of the apparel retailer’s stock worth $301,000 after purchasing an additional 89 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in shares of Abercrombie & Fitch by 3.6% during the 2nd quarter. Ritholtz Wealth Management now owns 3,277 shares of the apparel retailer’s stock valued at $583,000 after purchasing an additional 115 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.