Abercrombie & Fitch (NYSE:ANF) Price Target Raised to $149.00

Abercrombie & Fitch (NYSE:ANF) had its price target increased by Morgan Stanley from $147.00 to $149.00 in a report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

A number of other equities analysts have also recently weighed in on ANF. Citigroup raised Abercrombie & Fitch from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Friday, August 30th. Jefferies Financial Group lifted their target price on shares of Abercrombie & Fitch from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. UBS Group upped their price target on shares of Abercrombie & Fitch from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Abercrombie & Fitch from $194.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.14.

Abercrombie & Fitch Stock Performance

Shares of NYSE:ANF opened at $149.69 on Wednesday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 14.81 and a beta of 1.50. Abercrombie & Fitch has a 1-year low of $75.18 and a 1-year high of $196.99. The company has a 50 day moving average price of $143.98 and a 200 day moving average price of $153.63.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.19. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Abercrombie & Fitch had a return on equity of 46.50% and a net margin of 11.16%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 EPS. On average, sell-side analysts expect that Abercrombie & Fitch will post 10.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Abercrombie & Fitch news, Director Helen Mccluskey sold 3,500 shares of Abercrombie & Fitch stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samir Desai sold 19,041 shares of the 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 transaction, the executive vice president now owns 27,985 shares in the company, valued at approximately $3,676,109.60. This trade represents a 40.49 % decrease in their position. The disclosure for this sale can be found here. 2.58% of the stock is owned by corporate insiders.

Institutional Trading of Abercrombie & Fitch

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

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.